"Data is the oil of the new era."

The analogy is apt, because data is the resource that powers the most transformative AI models, and like crude oil, data must be processed and refined to be effective. This largely human-led process, data annotation, was already a $2.2 billion industry in 2022 and is expected to grow by an order of magnitude in the coming years.

However, with the rapid and continuous development of AI, the demand for annotation has outstripped the supply. Many customers don't have access to the data they need because the labeling company lacks a skilled workforce to provide specialized services. Others are too high to afford the price. This high-growth, supply-constrained industry seems to have reached a ripe stage where innovation is needed – and we think crypto can be a breakthrough.