Yesterday $SAHARA crashed by 50%. Did any friends take the opportunity to profit?
Regardless of whether they did or not, trading cryptocurrencies is difficult. The trends and narratives update too quickly, and many people are no longer familiar with Sahara, which was once a hot project, so let's talk about it.
Sahara is also a project for new listings on Buidlpad, with a market cap that once reached 1.6 billion USD, making the returns from new listings quite attractive.
Its narrative of 'data labeling' was very appealing at the time (at least it was very appealing to me), and it has practical implementation potential. Even now (and likely in the future), many Web2 companies are still engaged in related businesses.
Friends who often use AI know that AI responses often contain inaccurate information, and some are even fabricated out of thin air. These types of errors are usually referred to as 'AI hallucinations'.
To solve AI hallucinations, in addition to optimizing algorithms, there is another way to determine whether the data is correct through human judgment.
Google's CAPTCHA image recognition is a similar case, except its approach is more clever and does not require payment for human labor.
For example, the task is to select the pencil among 9 images, with a few images of pencils that are hard for algorithms to recognize included, allowing people to choose. If the majority thinks it's a pencil, then it is recognized as a pencil.
Therefore, data labeling is indeed a real business demand.
Moreover, Sahara proposed a design that integrates blockchain settlement capabilities based on this, achieving crowdsourced data labeling. In other words, Sahara is both the party accepting the data labeling demand and the party distributing the tasks.
Technical logic: AI hallucination → Data labeling demand → Crowdsourcing model → Blockchain settlement
Business cycle: Accept the demand to optimize AI hallucinations → Generate corresponding human labeling tasks → Distribute to crowdsourced labeling participants → Complete settlement and distribute rewards after majority verification
So, how does it sound? Not bad, right?
However, I do not know if Sahara truly has implementation or whether this path is something I imagined at that time.
Note: The above is for information sharing only and is not investment advice. Please do your own research!
Non-narrative chasing DeFi enthusiast: BitHappy
