Sahara is now in stock on OKX. At present, the pre-market valuation has surged to 1B. After looking around, many people think that this project is a data annotation platform, but in fact, it is not. I think Sahara's true underlying narrative is to build an "on chain property rights system" for the AI era. From data, models, calculations Agent、 Profit sharing, connecting the entire chain, and using blockchain to complete the mechanism of ownership confirmation, profit sharing, and collaboration. The main thing that is currently moving fast is data annotation, as high-quality data is the starting point and fuel for AI big models. From a narrative perspective, only when this entire dragon runs smoothly can the valuation space be fully opened up. Sam Ultraman announced in the past few days that GPT-5 will also be launched this summer. As for AI itself, it currently has strong capabilities and insufficient resources. So, this may also be the reason for the difficulty in producing GPT-5, with increasingly scarce data and tight computing power. The core logic of Sahara lies in the basic resource system and economic structure required to construct the model. So, it must be acknowledged that although Sahara is currently doing the most solid work in "data annotation", what really impresses capital and opens up valuation space may still be the AI value chain system that is gradually landing behind it. After all, in Web3, new mechanisms have always been the most valuable. They are often linked to paradigm revolutions, capital is willing to pay, narratives can continue to be told, and users can continuously come in. This is what makes Sahara great.