The Data Foundation (formerly Story), which supports infrastructure for artificial intelligence (AI) learning data, said on the 24th that the number of accumulated registrations on the Data Network surpassed 100 million. To mark the milestone, it is also holding the $DATA trading event "Big DATA Challenge" on the domestic virtual asset exchange Upbit through the 27th.
The Big DATA Challenge is being held on Upbit's official event page. Participants can take part in three missions: ▲ deposit a total of at least 500 $DATA ▲ achieve a cumulative transaction amount of at least 100,000 won on Upbit's won market ▲ complete the learning quiz running through the 27th.
Participants who complete each mission will receive a random reward. A top traders event with a total prize pool of 150,000 $DATA has also been arranged. During the event, prize money will be awarded to the top 20 by $DATA transaction value on Upbit's won market.
The Data Foundation redesigned $IP, previously Story's native token, into $DATA. The foundation's Blockchain infrastructure, the Data Network, supports every step from collecting real-world data used for AI training to proof of provenance, licensing, and settlement. Last month, the foundation integrated the user-consent-based AI training data contribution marketplace "Kled" into the DATA Network and officially launched the public audit layer "Trace."
All data registered through Trace generates a Blockchain-based permanent record that Frontier AI Lab can use to verify the provenance and rights of training data and the rewards for data contributors in seconds. Network fees incurred in this process are paid in $DATA. As the number of data registrations increases, actual network usage and fees also rise together.
About 3 million to 5 million pieces of data are newly registered on the Data Network each day. Kled is registering more than 1 billion files on the Data Network. The foundation said daily on-chain fees have increased more than 200 times compared with recent weeks. It particularly emphasized that, on the decentralized finance analytics platform DefiLlama, the Data Network entered the top 20 in chain fees.