Grass is a decentralized network built on the Solana blockchain, designed to harness the power of unused internet bandwidth for data collection and AI development. It operates as a decentralized platform that enables users to monetize their idle bandwidth by contributing it to the network. The network then utilizes this bandwidth to scrape public web data, organizing it into structured datasets suitable for AI model training.
Grass leverages the fast and scalable Solana blockchain and operates using a Layer 2 architecture. This involves processing data off-chain and relying on Solana for final settlement and validation. Validators in the network verify web transactions and generate Zero-Knowledge (ZK) proofs to maintain data integrity. Although initially employing a centralized validator system, plans are in place to transition to a decentralized committee. The network uses various encryption algorithms to ensure secure data transmission.
Grass has multiple potential use cases, primarily revolving around AI and decentralized bandwidth sharing. It enables AI development through data collection and structuring, supports bandwidth monetization allowing users to earn by sharing unused bandwidth, and promotes eco-friendly operations through low energy consumption. Grass's partners, like AI labs, utilize the structured datasets for AI training, and the network's focus on decentralized principles aligns with the DeFi sector's values.
Founded with the initiative of Andrej Radonjic and developed by Wynd Labs, Grass launched its coin in March 2024. It has achieved notable milestones such as raising $4.5 million through funding, executing a major airdrop, and establishing significant partnerships. Using a Layer 2 architecture on Solana, the network employs zk-SNARK proofs for data validation. Grass has grown to include over 2 million active users and continues developing its market presence through strategic partnerships and technological advancements.
The Grass price is $3.7118 AUD, representing a -1.61% from the day prior.
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The trading volume of Grass (GRASS) is $185.7M AUD in the last 24hrs, representing a -1.61% from the day prior.
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The current market cap of Grass (GRASS) is $891.9M AUD.
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The current circulating supply of Grass (GRASS) is 243.9M.
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