Grass (GRASS), the Decentralized Bodily Infrastructure Community (DePIN) undertaking working inside the Solana ecosystem, raised $10 million in a bridge funding spherical led by Polychain Capital and Tribe Capital. The funding primarily consisted of token purchases.
Grass has beforehand closed each a seed and Collection A funding spherical. The undertaking goals to permit customers to promote their idle web bandwidth, permitting information to be shared below consumer management slightly than being collected by massive firms for revenue.
The GRASS worth, already declining, fell even additional following the announcement.
Grass co-founder Andrej Radonjic stated in an announcement, “Grass is a bit of expertise that offers corporations entry to information at an unprecedented scale. The probabilities that may be constructed upon it are nearly limitless. We plan to develop new options, particularly round dwell context.”
In keeping with Radonjic, AI corporations at present scrape information to coach their fashions, typically utilizing engines like google. Nonetheless, this methodology is restricted by scalability and entry obstacles. Grass presents another infrastructure that gives internet-scale information entry.
*This isn’t funding recommendation.
