The Grass project completed its first airdrop (Airdrop One) on October 28, 2024, distributing 100 million GRASS tokens, accounting for 10% of the total supply. These tokens were allocated to early node operators and community members. Specifically, 9% of the tokens were given to users who earned Grass points during the network snapshot phase (Phase 1), 0.5% to holders of GigaBuds NFTs, and another 0.5% to users who installed the Desktop Node or Saga applications. The network snapshot includes users who earned more than 500 Grass points within the specified epoch.
However, when the tokens were first claimed, the price of GRASS dropped from its opening price of $0.66 to below $0.50, signaling that some investors quickly sold their airdrop tokens, causing a temporary market dip. Nevertheless, as more buy orders came in, the price of GRASS quickly rebounded, reaching as high as $0.90, a more than 80% increase from its lowest point.
Despite a "second wave of sell-offs" later that night, the price of GRASS was rapidly pushed back up and has since stabilized around $0.90. This indicates that, although there were short-term fluctuations, the market sentiment surrounding Grass remains strong, suggesting the project still holds considerable attraction in the broader market.
Following this, the price of GRASS surged, briefly surpassing $1, with the market reacting positively. On November 7, 2024, the token hit an all-time high of $2.89, increasing by over 40% in a single day. This price increase is likely closely tied to the successful airdrop distribution and the introduction of new incentive programs. A new incentive plan allows users to earn rewards by sharing unused internet bandwidth, which has brought more users and trading volume to the platform.
Additionally, Grass continues to position itself as a key player in the decentralized AI ecosystem. Built on the Solana blockchain, the project aims to become the AI data layer, allowing users to participate in creating structured datasets for AI training while ensuring that personal data privacy is protected.
As for whether it is still a good time to participate, Grass is clearly in a growth phase, with the project continuously introducing new incentives, an active community, and rising token value. The roadmap includes future airdrops and ecosystem expansion, making it an opportunity worth watching for users looking to be involved long-term.
The Grass project is a decentralized network built on the Solana blockchain, designed to play a significant role in the AI data ecosystem. By integrating Web3 principles and decentralization, Grass provides scalable infrastructure for training AI models and facilitates the generation of structured datasets, which are essential for AI development.
The core function of Grass is to serve as a decentralized data layer for AI. Users can contribute their home internet bandwidth to support the collection and structuring of public network data. This data is particularly crucial for training AI models in areas like natural language processing and image recognition, where large and diverse datasets are required.
Grass employs zk-SNARK technology (zero-knowledge succinct non-interactive arguments of knowledge) to ensure the authenticity and integrity of the contributed data. This technology allows Grass to verify data while preserving privacy, offering a high level of trust for both AI developers and data contributors.
Additionally, Grass encourages user participation through incentive mechanisms. Users can earn rewards by contributing bandwidth, which further supports the decentralized data processing network. The platform also offers a transparent and traceable data marketplace, where AI developers can access high-quality, verifiable datasets, positioning Grass as an essential tool for the future of decentralized AI development.
The Grass project is committed to creating an ecosystem that prioritizes privacy, data sovereignty, and fairness, demonstrating how blockchain and decentralized technologies can bring transformation to the AI industry through democratized data access and data privacy protections. Through these mechanisms, Grass is steadily establishing its important position at the intersection of AI and Web3 technologies.
The financing history of the Grass project highlights its strong appeal in the AI and decentralized data sectors. In July 2023, Grass successfully raised $1 million in its Pre-Seed round, with key investors including No Limit Holdings, Big Brain Holdings, and Builder Capital. This early funding helped lay the groundwork for the project's initial development.
Then, in December 2023, Grass secured $3.5 million in its Seed round, led by Polychain Capital and Tribe Capital, with participation from several other notable institutions like Bitscale, Big Brain, Advisors Anonymous, and Typhon V. This funding enabled Grass to accelerate its technical research and expand its ecosystem.
In the latest round of financing, Grass raised additional funds led by Hack VC, with backing from top investors such as Polychain Capital, Delphi Digital, Lattice, and Brevan Howard Digital. This round has brought the project’s valuation close to $1 billion, reflecting the high confidence investors have in Grass's future potential in the AI and decentralized data markets.
The allocation structure of the Grass token is designed to ensure the project's sustainable growth and long-term prosperity of its ecosystem. The specific distribution details are as follows:
1.Visit the Official Website Go to Grass Registration Page and fill in the required basic information. After completing the CAPTCHA, click "Register."
2.Connect Your AccountOn the page, click "Connect" located on the right side to be directed to the plugin installation page.
3.Install the PluginFollow the instructions to install the plugin on your browser.
4.LoginAfter installing the plugin, click it and enter your username and password to log in.
5.Connect to the NetworkWait for the network connection to complete, then click "Open Dashboard." This will take you to your control panel, where you can monitor your connection status. Simply leave the connection running to contribute bandwidth. (Make sure to disable any vpn to avoid network disruptions during the process.) In the control panel, you can track your daily bandwidth contribution points and network status.
The future of the Grass project looks highly promising, with several key factors contributing to its potential success:
1.Demand for Decentralized AI Data Markets
As AI technology rapidly evolves, the need for structured data becomes critical. Grass provides decentralized support for AI model training, addressing issues such as data access, privacy protection, and data transparency. As the AI field continues to expand, the demand for high-quality, verifiable datasets will increase. Grass is well-positioned to fill this gap, attracting more developers and data providers to its platform.
2.Strong Investment Support
Grass has secured backing from several renowned investors, including Hack VC, Polychain Capital, and Delphi Digital. The involvement of these investors not only brings financial support to the project but also provides assurance for the further development of its technology and market applications. The funding rounds demonstrate Grass's increasing recognition and potential within the industry.
3.Advantages of Decentralization and Privacy Protection
By leveraging zk-SNARK technology, Grass ensures both the privacy and verifiability of data, which is a significant advantage for AI developers and data contributors. With growing global concerns about privacy and decentralization, Grass's unique approach positions it well to stand out in the competitive market.
4.Ecosystem Expansion and Collaboration Opportunities
Grass has demonstrated strong potential in accelerating its network development and collaborating with other blockchain projects and AI companies. Moving forward, the project could expand its ecosystem through more partnerships, protocols, and technological innovations. These collaborations could propel Grass to become a key player in the global AI data space.
In conclusion, with technological advancements and increasing market demand, the Grass project has the potential to become a leader in the decentralized AI data layer. Its innovative solutions, strong investment backing, and focus on decentralization make it well-positioned to solidify its role at the intersection of AI and blockchain technologies.
1.What is the Grass project?
Grass is a decentralized network built on the Solana blockchain, designed to become a key part of the AI data ecosystem. By combining Web3 and decentralized principles, Grass offers scalable infrastructure for AI model training, focusing on creating structured datasets critical for AI development. The platform allows users to contribute household internet bandwidth, collecting and structuring data for AI training, ensuring privacy protection while maintaining data verifiability.
2.How can I participate in the Grass project?
To get started with Grass, you need to register on the official website, connect your account by installing a plugin, and then log in. Once connected, you can leave the network running to contribute bandwidth and earn rewards. You'll be able to monitor your contributions and daily earnings through the control panel on the platform.
3.What are the details of the first airdrop for Grass?
The first airdrop, completed on October 28, 2024, distributed 100 million GRASS tokens (10% of total supply) to early node operators and community members. The distribution was as follows: 9% for users who earned Grass points during the first network snapshot phase, 0.5% for GigaBuds NFT holders, and 0.5% for those who installed the Desktop Node or Saga applications. Despite an initial dip in token value, the price quickly rebounded, and GRASS has seen significant price increases, reaching over $2.89 in early November.
4.What are the investment details for Grass?
Grass has attracted significant investment in multiple rounds. In July 2023, it secured $1 million in Pre-Seed funding, followed by a $3.5 million Seed round in December 2023. Notable investors include Hack VC, Polychain Capital, and Tribe Capital. The most recent funding round has brought the project's valuation to nearly $1 billion, reflecting strong investor confidence in its potential.
5.How is the GRASS token distributed?
The GRASS token distribution is structured as follows: 30% (300 million tokens) for the community, including 10% for the airdrop; 22.8% (228 million tokens) for foundation and ecosystem development; 25.2% (252 million tokens) for investors, with a one-year lock-up period; and 22% (220 million tokens) for website contributors, with a one-year lock-up followed by three years of linear release.
6.What does the future hold for the Grass project?
Grass has strong growth prospects due to the increasing demand for decentralized AI data and the unique value it provides in privacy protection and verifiable data contributions. The project is supported by prominent investors, and its continued ecosystem expansion and collaboration opportunities position it to become a key player in the AI data space. As technology advances and demand for structured, high-quality datasets increases, Grass is poised to lead the decentralized AI data layer movement.
