Grass AI: A Decentralized Approach to AI Data Collection
Grass is a decentralized platform that allows users to share their unused internet bandwidth to support the development of artificial intelligence (AI) models. By participating in the Grass network, users can earn rewards in the form of GRASS tokens while contributing to the collection and structuring of public web data for AI training.
How Grass Works
Users install a Grass node on their device, enabling the platform to utilize unused internet bandwidth to collect publicly available data from the web. This data is then transformed into structured datasets and sold to AI research labs for training AI models. The process does not access users' private data, ensuring privacy protection. (okx.com)
Rewards for Participants
Node operators earn Grass points by sharing bandwidth and referring new users. The referral system has three tiers, with commission rates of 20%, 10%, and 5% for each level. Grass points can later be converted into GRASS tokens during airdrop events. (okx.com)
The Role of the GRASS Token
GRASS tokens are used for staking, governance, and transaction fees within the Grass network. Token holders can participate in voting to decide on protocol updates and development. The total supply of GRASS is set at 1 billion tokens. (okx.com)
Project Development and Milestones
Grass completed its first airdrop on October 28, 2024, distributing 100 million GRASS tokens to node operators and community members. The token price surged following the airdrop, reaching an all-time high of $2.89 on November 7, 2024. (dicloak.com)
Additionally, Grass successfully completed a Series A funding round led by Hack VC, valuing the company at nearly $1 billion. Notable investors include Polychain Capital, Delphi Digital, and Brevan Howard Digital. (bitget.com)
Grass’s Vision and Goals
Grass aims to redefine internet incentive structures by allowing users to share their unused bandwidth. The project's goal is to build a user-owned knowledge graph, offering an alternative to existing web data collection systems operated by major companies like Google and Bing. (bitget.com)
By combining decentralized technology with AI, Grass is creating opportunities for individuals to contribute to AI development while monetizing unused internet resources.