Sahara is now on OKX spot.

Currently, the pre-market valuation has surged to 1 billion. After taking a look around, many people think this project is a data labeling platform, but that is not the case.

I believe the real underlying narrative of Sahara is to build an "on-chain property rights system" for the AI era.

From data, models, computation, agents, to profit sharing, it aims to connect the entire chain and use blockchain to achieve rights confirmation, profit sharing, and collaboration mechanisms.

Currently, the main focus is on data labeling, as high-quality data is the starting point and fuel for AI large models.

From a narrative perspective, only when this entire process is running smoothly can the valuation space be thoroughly opened.

Sam Altman announced a couple of days ago that GPT-5 will be launching this summer. As for AI itself, it currently has strong capabilities but lacks resources.

Thus, this may also be the reason for GPT-5's delayed release—data is becoming increasingly scarce, and computational power is tightening.

The core logic of Sahara lies in building the foundational resource system and economic structure necessary for model construction.

Therefore, it must be acknowledged that although Sahara is currently doing the most solid work in "data labeling," what truly impresses capital and opens up valuation space may still be the progressively realized AI value chain system behind it.

After all, in Web3, new mechanisms have always been the most valuable; they are often linked to paradigm revolutions. If capital is willing to pay, the narrative can continue, and users can continuously come in. This is the remarkable aspect of Sahara.