Morningstar Ventures is proud to reveal its latest incubation project: Ta-da.
Ta-da is the first Talk-to-Earn web3 application, connecting businesses with individuals to earn tokens via recording voice data through a fun and engaging app.
The Issue: AI Lacks High-Quality Data
In recent years, data is often referred to as the new oil. Research shows that by 2032, the data collection market is set to grow at a 25% CAGR, reaching $109 billion from $63 billion. Coupled with the advent of AI and its primary source of knowledge running on data, AI companies are bound to become the most significant consumers of data. For example, just recently, OpenAI hired 1000 external consultants, including 600 dedicated to data collection and annotation.
Nevertheless, AI companies currently need more diverse and affordable data. To solve this issue, Ta-da aims to create access to support AI companies by giving them access to high-quality data at an affordable rate.
Our Efforts
In late 2021, Morningstar Ventures seeded Ta-da, and we have worked closely with the team ever since. Our efforts have spanned from design and branding work to strategy, fundraising, marketing, and initial user adoption contributions.
It has been great to witness the development of the Ta-da product and its team, and it is exciting to be at a stage where the project is ready to kick off its closed beta testing phase - exclusively available to our community members.
More about Ta-da
The French-based AI company Vivoka and its team are the predecessors of Ta-da. Along with a strong board of advisors, including Hasheur, CEO of Meria, Luc Julia, creator of Apple’s Siri, and our CEO Danilo S. Carlucci –, the team aims to make it easier for AI companies to create bespoke, high-quality data sets at scale at an affordable price.
The app works as follows: Ta-da aims to operate across three domains: Voice, Computer Vision, and Text. The team will first work on the Voice domain as they recognize the growing need for natural language processing data.
The app was created with users in mind, making it easy to use for everyday participants.
Here is how the app works:
- The app connects businesses that require datasets for training AI assistants with individuals.
- Individuals use the Ta-da app by recording and checking voice data to earn the native Ta-da Token.
- Ta-da gives individuals another means of making money and provides companies with high-quality and diversified data, all at a manageable cost.
Join the Talk-to-Earn revolution!
We are excited to announce the closed beta launch and want to encourage our community to test the product. The official launch of Tada is planned for the end of this year, so make sure to keep an eye out for all announcements to follow. If you want to see how Ta-da works, fill out the application to join our waitlist here: ➡️ https://forms.gle/ZYg5DmruKGuyYrf17
