AI project Sapien will conduct a TGE on August 20, with 5% airdropped to early contributors

Sapien Foundation announced that it will hold the SAPIEN Token Generation Event (TGE) on August 20 to issue and distribute tokens for the first time. The token is built on Coinbase's Layer-2 blockchain Base, and will support a decentralized data foundry platform to provide high-quality data support for AI. The event adopts a fair issuance model, initially unlocking 25% of the total amount, and airdropping 5% of tokens to early contributors. CookieDAO community members will receive a 0.5% allocation. It is reported that AI data collection startup Sapien announced last year that it had completed a $10.5 million seed round of financing, led by venture capital firm Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild and HF0, and YGG founder Gabby Dizon and