Grass Raises $10 Million to Revolutionize Data Access in AI

Grass, a decentralized AI project on the Solana blockchain, is making headlines by raising $10 million in a bridge funding round. This initiative allows users to monetize idle internet bandwidth, empowering individuals to control their data instead of letting large corporations profit from it. Notable investors in this round include Polychain and Tribe Capital, with the funding primarily aimed at purchasing tokens. Andrej Radonjic, a representative from Grass, emphasized the project’s potential to revolutionize data access at an unprecedented scale, particularly for AI companies that currently rely on traditional web scraping methods that are often blocked.
The timing of this funding round appears fortuitous for Grass, which has been experiencing significant commercial growth. Radonjic noted that the company is not only focused on providing training data for AI models but is also looking to expand into inference data. This strategic shift aims to facilitate an ‘inner scale web crawl’ that would enhance live context retrieval capabilities. Polychain’s Josh Rosenthal praised the Grass team for their exceptional execution and commitment to leveraging distributed systems to outperform traditional web2 competitors. This marks the third investment from Polychain, highlighting their confidence in Grass’s trajectory.
In the competitive landscape of AI, Grass stands out by offering a crypto-native solution that aligns with current trends in the industry. Boris Revsin from Tribe Capital noted that Grass has become a benchmark for operational excellence within their portfolio, securing major clients, including leading AI labs, in just the past year. With 8.5 million monthly active users and collaborations with various companies, nonprofits, and universities, Grass is poised for continued growth. The GRASS token will serve as the primary vehicle for value accrual, reinforcing the project’s commitment to its foundational principles and customer relationships. This story is still developing, and further updates are anticipated as Grass continues to evolve in the blockchain and AI sectors.
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