Wynd Labs introduced the Grass Network on Solana in June 2023, allowing users to monetize unused internet bandwidth through GRASS tokens, with a $3.5 million seed round led by Polychain Capital.
This innovative model incentivizes global participation and enhances data infrastructure, resulting in the grass token becoming widely adopted and prominently listed on major exchanges like Kraken.
Grass Network secures $3.5 million, enhancing decentralized bandwidth sharing with GRASS token on Solana.
The Grass Network is a decentralized platform enabling users to monetize unused internet bandwidth. Launched by Wynd Labs in June 2023, it focuses on AI data sourcing while rewarding participants with the GRASS token.
Founded by Andrej Radonjic, the project raised $3.5 million from Polychain Capital and Tribe Capital. This funding emphasizes expanding infrastructure on Solana, aiming to transform bandwidth sharing efficiency and token utilization.
“Our mission with Grass is to create a decentralized infrastructure where users can monetize their unused internet bandwidth with complete transparency and rewards.” – Andrej Radonjic, Co-founder, Wynd Labs
GRASS experienced significant progress with over 2 million users in 190 countries. Its high initial distribution generated substantial interest, leading exchanges like Kraken to list the token, facilitating market liquidity.
Kraken Exchange Statement, “GRASS is actively listed and traded, supporting a robust liquidity provision for our users.”
This funding could enhance blockchain infrastructure and promote new adoption models. Historical projects like Helium show similar expansions can impact token economics, driving further user engagement and market adaptation.
The initiative mirrors the success of projects like Helium (HNT) and Mysterium Network, both benefiting from community-driven bandwidth distribution. These comparisons underscore GRASS’s growth potential and early-stage community support.
Experts from Kanalcoin suggest that institutional support and an innovative token model are key for long-term success. Availability on major trading platforms could influence GRASS’s ability to sustain momentum within the decentralized bandwidth sector.
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