In June 2023, Wynd Labs introduced Grass Network, a decentralized platform that allows users to earn from unused internet bandwidth using GRASS tokens. The platform gained investor attention, raising $3.5 million in a seed round.
Launch of Grass Network and Investment Raise
Grass Network has been launched by Wynd Labs and focuses on AI data sourcing. It raised $3.5 million from Polychain Capital and Tribe Capital, emphasizing the goal of expanding infrastructure on the Solana platform.
Growth of the GRASS Token Popularity
Since its launch, GRASS attracted over 2 million users across 190 countries. Its widespread initial distribution generated significant interest, leading to its listing on major exchanges like Kraken.
Comparisons with Helium and Mysterium Projects
The Grass Network initiative mirrors the successes of projects like Helium and Mysterium, which also rely on community-driven bandwidth distribution. These comparisons underscore GRASS's growth potential and early-stage community support.
Grass Network represents an innovative approach to decentralized bandwidth sharing and has the potential to significantly influence the market, given the support from investors and the growing user community.
