Grass (GRASS) Project Analysis
Research Institute Review
Grass is a decentralized network for accessing public web data and serves as a source of training data for AI. With the introduction of Socrates, Grass has expanded to the business of cleaning and preparing structured datasets, positioning itself as a comprehensive source of raw materials for AI. The Grass network currently has nearly a million active nodes, deploying crawlers and scraping agents globally and has successfully retrieved a substantial amount of data, including 500,000 media articles. Grass aims to redefine the internet’s incentive structure by allowing users to share unused internet bandwidth. Currently, the network operates with over 2 million user-run nodes, gathering significant data for AI models.
Recent Breakout Points
Grass has been one of the most popular projects for airdrop enthusiasts recently, completing its token airdrop on October 21 with a large user base. Its Discord community is highly active, boasting 430,000 members. Grass has introduced a referral program and a points activity, where users can earn points by sharing network resources. These points will serve as airdrop credentials and will reward early adopters, converting retrospectively into network ownership once testing is complete.
Project Introduction
Grass is building the first Sovereign Data Rollup. It simplifies data procurement and transformation through a globally distributed network of Grass nodes, enabling AI to access structured web data universally. Grass is constructing the first user-owned, internet-scale web crawler—currently, only two other companies have this capability. The network is powered by over 2.5 million user devices worldwide, allowing anyone to earn tokens by contributing unused internet bandwidth, which companies can use for large-scale public web data collection.
Token Utility
The GRASS token allows holders to participate in the Grass network in the following ways:
- Transaction and Buyback Power: After decentralization, GRASS will support network crawling transactions, dataset purchases, and LCR usage.
- Staking and Rewards: Stake GRASS in routers to facilitate network traffic and earn rewards for contributing to network security.
- Network Governance: Participate in Grass network development, including proposing and voting on improvements, determining partner organizations, and establishing incentives for all stakeholders.
Tokenomics
Total Token Supply: 1 Billion
| Type | Allocation | Lock-up and Unlock Terms |
| Investors | 25.20% | 12-month lock-up, then gradually unlocked over 12 months |
| Team | 22% | 12-month lock-up, then vesting over 36 months |
| Airdrop | 10% | 100% unlocked immediately |
| Rewards | 3% | 35% unlocked at TGE, remainder over 36 months |
| Incentives | 17% | Similar to Rewards, with 35% unlocked at TGE, then gradual release |
| Foundation | 22.80% | 12-month lock-up, 35% unlocked at TGE, remainder over 36 months |
Project Highlights
Grass is the first project on Solana to integrate AI, DePIN, and Solana technology, positioned as the data layer for AI. Grass is a decentralized web scraping platform aiming to assist companies and nonprofits in AI training by utilizing unused internet bandwidth. Through a browser extension, Grass accomplishes web scraping by leveraging individual users’ idle internet bandwidth and rewarding them with “Grass Points.” With over 2 million nodes already operational, Grass is redefining the internet incentive structure, gathering extensive data for AI models.
Investors
Grass has completed two funding rounds, raising a total of $4.5 million. In July 2023, Grass closed a $1 million Pre-Seed round led by No Limit Holdings, with Big Brain Holdings, Builder Capital, and Cogitent Ventures also participating. In December 2023, Grass secured $3.5 million in a Seed round led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, and others.
Community
Twitter Followers: 468,000
Special Economic Model
None.
Future Outlook
Leveraging advanced blockchain technology, Grass boasts efficiency, low energy consumption, and strong security. Its unique consensus algorithm, smart contract functionality, and cross-chain interoperability offer robust support for DApp development, giving each Grass token tangible technical value. With a highly active community worldwide, members are involved in governance, node operations, and market promotion, forming a strong community consensus and continually adding value to Grass. Grass aims to build a decentralized data layer that addresses ethical issues and data quality concerns in internet data extraction, opposing monopolistic data control by a few large companies. Specializing in data, particularly in the cryptocurrency and AI intersection, Grass contrasts with traditional closed-source, centralized AI players as a transparent, decentralized source of AI data. Through decentralized technology, Grass provides a fair and open data layer for AI companies and protocols, representing a thoughtful re-evaluation of current data scraping practices and future directions. As a significant Web3 participant, Grass aligns with market needs, and its future potential is promising.
Basic Information
Project introduction: Grass is building the first Sovereign Data Rollup, simplifying data procurement and transformation through its global node network, enabling universal AI access to structured web data. It is constructing the first user-owned, internet-scale web crawler, with only two other companies worldwide possessing this capability. The network is supported by over 2.5 million user devices, where anyone can earn tokens by contributing idle internet bandwidth, which companies can leverage for extensive public web data collection.
Token Full Name: Grass
Token Symbol: GRASS
Project Website: https://www.getgrass.io/
Project Documentation: https://grass-foundation.gitbook.io/grass-docs
Blockchain Explorer: https://solscan.io/token/Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs
Liquidity Information: None
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2024/10/28