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Vana will host an X Space on July 31, in collaboration with H&M, to explore the capital potential of cultural data [1]. The event, themed “From Emotion to Value: Unlocking the Capital Potential of Cultural Data on Vana,” will feature notable speakers including
DataDAO, Noreen N. of BeyondSDG, and Vana Foundation’s Managing Director Art Abal [1]. This initiative marks a continuation of Vana’s engagement with data-driven value creation, following Spotify DataDAO's recent transaction where user-owned streaming data was sold to SoloAI [1].The discussion will center on the increasing importance of personal data as a cultural asset capable of predicting trends and shaping business strategies. According to the event’s core message, data is not only shaping economic decisions but also transforming social signals into tangible revenue across industries such as fashion and artificial intelligence [1]. The initiative reflects an emerging paradigm where users are not just contributors of data but also key stakeholders in the economic outcomes derived from it.
Speakers will also explore the intersection of data ownership with ethics, identity, and income, emphasizing how these factors are redefining power structures and cultural autonomy [1]. The X Space aims to shed light on how decentralized data models can empower individuals and redefine traditional economic frameworks [1].
The collaboration with H&M underscores the fashion industry’s growing interest in leveraging data for innovation and value creation. This aligns with broader trends in the digital economy where data is increasingly seen as a critical asset.
Source: [1] Vana will partner with H&M to hold X Space on July 31st, focusing on the capital potential of cultural data (https://www.theblockbeats.info/en/flash/304920)
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