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Data Network
DATARank #481What is Data Network?
Data Network is a purpose-built layer 1 blockchain designed to facilitate registration of intellectual property (IP) of AI-related data to the blockchain and make it programmable.
Data Network tokenizes any type of IP; whether that’s an image, an AI model, a datapoint that trains a frontier model. By embedding usage terms, attribution, and royalty agreements directly into the blockchain, Story provides a transparent, decentralized solution for IP management for AI data. This enables AI data holders to protect their user's source contributions, collaborate with AI companies seamlessly, and unlock revenue opportunities in an AI-powered economy.
How to Buy Data Network in India
The easiest way to buy Data Network (DATA) in India is through an FIU-registered Indian exchange. Here's how:
- Create an exchange account: pick an exchange that appears on the FIU-IND register and complete KYC verification (Aadhaar and PAN).
- Deposit INR: add funds by UPI, IMPS or bank transfer.
- Search for DATA: use the search bar to find Data Network, then tap it to open the trading pair.
- Place your order: enter the amount in INR you want to invest. Use a market order to buy now, or a limit order to set your price.
- Secure your holdings: your DATA sits in your exchange wallet. For large amounts, consider moving it to a hardware wallet.
Tax on Data Network in India
30% flat tax on all crypto profits under Section 115BBH of the Income Tax Act. No deductions allowed except cost of acquisition.
1% TDS on all crypto transactions above ₹10,000 under Section 194S. This is deducted automatically by Indian exchanges and can be claimed as credit when filing ITR.
Losses from Data Network trading cannot be set off against gains from other cryptocurrencies or any other income. Each transaction is taxed independently.
For a complete breakdown of crypto taxation in India, including ITR filing steps and airdrop rules, read our Crypto Tax India 2026 Guide.
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