Grass is introducing a new method for AI developers to access web data while rumors of a pending airdrop loom.
Rumors on crypto X are circulating that the Grass Token airdrop is nearing its final phase. Participants are eagerly awaiting the token generation event that will convert Grass Points into GRASS tokens.
Grass rewards its participants for allowing their unused internet bandwidth to be used in collecting data from public websites. Launched in June 2023, Grass is the brainchild of Wynd Network, which focuses on transforming public web data into valuable AI datasets.
— Hades Web3 (@0xHvdes) July 29, 20241: @getgrass_io | $GRASS
Grass is a network of over 2M people who are rewarded for helping AI developers access the internet.
It has raised $4.5M in funding from Polychain Capital, and other major funds. Binance supports grass.
→ $GRASS token has already been confirmed. pic.twitter.com/VQwsAKBhV5
The data collected from unused internet is then structured into datasets and sold to AI labs for training models, democratizing AI development and preventing its concentration in the hands of a few large corporations.
The system uses Grass nodes to route web requests through users’ internet connections, all while ensuring that their online experience remains uninterrupted. This process is entirely legal and safe, as it only deals with public web data and guarantees the protection of users’ personal information.
Users can participate by simply signing up, downloading the Grass app, and allowing their devices to contribute to the network. In return, they receive Grass points, which serve as both a reward mechanism and a governance tool within the ecosystem.
Bullish Grass sentiment
Although trading activity for Grass Points has increased over the last year, the exact date for the airdrop has not been officially released. Last year, the project raised $3.5 million in a seed funding round led by Polychain Capital and Tribe Capital, bringing total funding for the project to $4.5 million. The funding was used to expand the network of nodes and further develop the decentralized AI ecosystem.
In April, Grass launched the Touch Grass Challenge to celebrate the first Layer 2 data rollup. The competition invited participants to creatively run Grass nodes across four categories, and winners, chosen by the Grass team, received exclusive merchandise.
As Grass grows, it illustrates how decentralized technology can empower individuals while advancing AI development.