Sahara is a very successful project, originally named QuestLab, born around the end of 2022 or the beginning of 2023. As the name suggests, the project was originally developed with a decentralized data annotation Quest task mechanism and a decentralized Workflow system. At that time, the valuation was very cheap, the team had concepts and benchmarks (many similar companies in Web2), and there was a Solid team (Sean should be one of the top young professors in Crypto entrepreneurship with academic ability and influence). So I received money from Polychain, Samsung, and a group of Asian Web2 VCs. Then in early 2024, the narrative of Crypto AI became popular, giving birth to many big players, including Sahara, Sentient, Ora, Myshell, and a bunch of other targets that were very popular on ETH Denver that year (Denver was basically the starting point of the VC circle). At this point, the project was divided into two factions. One faction was determined to build large-scale models on the blockchain, using cryptographic techniques and matching AI programming primitives. The other faction is to create applications. Whatever Web2 becomes popular, just add a token incentive mechanism. Sahara is right in between the two. On the one hand, the value of data annotation in the AI era has been fully discovered, and on the other hand, Professor Sean and his team's AI capabilities are still very strong. They can build an architecture for running AI on the chain and send a chain specifically for AI to use. So Sahara's second round of valuation skyrocketed, and institutions continued to flock in, ultimately achieving a triple over fundraising. After that, there will be the popular first sister platform and testing network whitelist section. There's nothing to say about this part, just the roll. Then let's fast forward to this public offering. The public offering price is 600 million, and Bullish's point is simple. 1. Binance's son in AI projects, Vana, a deeply supported AI project on Binance, has opened for 3.5 billion yuan, and now there are still over 700 million yuan left. No matter how you look at it, it is profitable. 2. The Crypto AI track is the last major investment track for VCs, and VCs will not have the money or similar market opportunities to support such a track again. Sahara was also the first Crypto AI project to make a big valuation debut in the wave of 24 years. Its performance was not good, and the projects behind the track had to close, so it may lose money but not much. 3. The narrative of Layer1 Infra will never die in the cryptocurrency industry. As long as it doesn't look too ugly, there will definitely be people betting that this is the next Tia after it opens, and there will still be secondary buying at a reasonable price. I won't go into detail about the fundamentals of the project. I believe that in the current market environment, no one has the time to study what it actually does, so the most direct way to shout orders is: The top Crypto AI project in the Binance system, which benchmarks against Wld, earns money by rushing to it.