Exploring GRASS: The AI-Powered Token Transforming Internet Bandwidth into Passive Income
Introduction
With the worldwide big data market expected to triple by 2027, demand for AI solutions is increasing dramatically, and according to Forbes, the AI market cap is $20.79 billion as of September 9, 2024.
As the AI market is growing every day, the cost of obtaining data to train AI models is also rising simultaneously, and Grass has presented an opportunity for both AI companies and individuals who would like to earn passively.
Grass, a network of more than 2 million people who are rewarded for helping AI developers access the internet, is already planning about airdrop credits and is hot.
The first airdrop signals the beginning of the GRASS token, and it is meant to reward early participants who contributed their resources before the network’s launch. With millions of users eligible, it stands to be the most widely distributed airdrop of all time.
But how is Grass helping AI companies to obtain data while letting people earn passively, and what is the background and history behind this massive project? Continue reading to find out.
What Is Grass?
Grass is a network that allows people to sell internet bandwidth they don’t need. It functions as a decentralized network for web scraping, with the goal of transforming public web data into AI datasets for developers to use.
This is accomplished by using node operators (individuals who sign up for Grass and allow Grass to collect their data) idle internet connections to collect raw data, which is then processed for AI training purposes.
To extract and convert unstructured data into a legible format, Grass uses its in-house AI development platform, Socrates, which was developed by Wynd Labs. Consider Grass to be an AI data bank, providing data to multiple AI platforms wanting to train their own models.
Grass offers everyone the ability to earn passively by running an extension in their browser to run in the background.
Due to the benefits they offer to users, Grass has gathered a massive community of over 2 million users who are helping AI developers access the internet.
Background and History of Grass
Grass was launched in 2023 and developed by Wynd Network, a ‘Decentralized Internet Bandwidth Monetization Network’.
Grass is a network of nodes that organizations, individuals, and AI labs can utilize to scrape the web for model training data. Grass believes that it is cheaper to incentivise customers and use their unused Internet bandwidth to fund site scraping than to do it themselves.
Grass recently announced its plan to become the first Layer 2 Data Rollup, with the goal of transforming the AI sector through a high-throughput solution built on Solana.
This breakthrough has sparked community interest, and the token is being actively traded on Whales Market, a leading OTC trading platform. During its beta period, the product garnered over 900K users, increasing its growth potential.
Grass allows you to earn passive revenue by maximizing spare bandwidth while maintaining your privacy. Verified organizations can use your idle bandwidth securely without accessing any of your personal information.
In December 2023, Grass raised a $3.5 million seed round, with Polychain Capital, Tribe Capital, and other major investors participating. Grass rewards users with Grass points for serving as node operators and giving data via internet bandwidth.
This raises Grass’ total funding to $4.5 million, following a pre-seed round headed by No Limit Holdings.
Grass will use 10% of its total token circulation for airdrop, and others will be used for project development.
The Price Change of GRASS Token on CoinEx
The GRASS token was listed on the CoinEx platform on October 28, 2024. Tradings, deposits and withdrawals were made available immediately.
The lowest price of the GRASS token is $0.655 and the highest price is $0.9275 which is over 60% gain when compared to the lowest price.
The future of the GRASS token is so promising as it is built on AI technology which is trending in the world in general and also in the crypto market.
While the crypto market in general will have great influence on the token, adoption of AI is also another factor that will impact the GRASS token as the Grass project is all about providing data for AI datasets.
The Grass project has also attracted a lot of investors as it has raised over $4.5 million in the pre-seed round. This and other factors hint on how promising the future is for the GRASS token.
Overview
- Name: GRASS
- Official link: https://www.getgrass.io/
- Whitepaper link: https://wynd-network.gitbook.io/grass-docs
- Explorer: https://solscan.io/token/Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs
- Total supply: 1 Billion
- Contract address: Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs
- Supported CEX: CoinEx, Bybit, Bitget, Gate.io
- Convenient for users to know in time: https://www.coinex.com/en/info/GRASS
*This article does not constitute investment advice.
About CoinEx
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