Crypto

AI Data Collection Startup Sapien Raises $10.5M Seed Funding Led by Variant

The Sapien team, led by Rowan Stone, the former co-creator of Coinbase’s layer 2 network Base, and Trevor Koverko, founder of Polymath and author of RWA standard ERC1400, are incentivizing a growing army of data labelling workers with either USDC stablecoin or a system of reward points. The data work can be anything from labelling everyday items like traffic signs using a mobile device, to pinpointing particular types of cancer cells.

This innovative approach to incentivizing data labelling workers is revolutionizing the way tasks are completed, providing a platform for individuals to contribute to important projects while earning rewards. The use of USDC stablecoin and reward points adds an element of gamification to the process, making it engaging and rewarding for participants.

By tapping into the power of crowdsourcing and decentralized networks, the Sapien team is able to harness the collective efforts of a diverse group of individuals to accomplish data labelling tasks efficiently and accurately. This not only benefits the projects being worked on, but also provides opportunities for individuals to earn income and contribute to meaningful causes.

As the demand for data labelling services continues to grow in various industries, the Sapien team’s incentivization model is proving to be a successful and sustainable solution. With a focus on transparency, fairness, and accessibility, Sapien is paving the way for a new era of data labelling that benefits both workers and project creators alike.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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