Coin World News reports that on July 18, AI data collection company Sapien announced the establishment of a non-profit entity, the Sapien Foundation, responsible for maintaining the development of the ecosystem and the token $SAPIEN. The foundation will focus on infrastructure development, governance guidance, and protocol openness, encouraging users to contribute knowledge and receive rewards. $SAPIEN uses a proof-of-stake mechanism to reward high-quality contributions and penalize bad behavior, ensuring that the ecosystem is transparent, fair, and community-driven.

In earlier news, AI data collection company Sapien completed a $10.5 million seed round of financing, led by Variant. [Coin World News]