I. Project Background and Positioning

Grass is the flagship product of Wynd Network, launched in June 2023. It allows users to generate passive income by utilizing idle internet bandwidth, positioning itself as a notable project in the Web3 space. The Grass project aims to build a decentralized data layer that addresses ethical concerns in data extraction and data quality issues, while also opposing data monopolies controlled by a few large corporations.

Grass is a Web3 project based on the Solana blockchain, primarily focusing on decentralized data collection and AI training. Through this project, users can collect and clean web data by installing a Chrome extension or application, which will ultimately be used for training AI models. Participants become network nodes by sharing their internet bandwidth, earning rewards in GRASS tokens. This promotes user data ownership and marks a shift from traditional data extraction models to a user-led network.

II. Participation and Revenue Distribution

Users can participate in the project by installing the “Grass” browser extension, connecting their devices to the Wynd network. The company purchases access to undeveloped network resources, and Grass receives a portion of the payment. This amount is then distributed as “Grass Points” to users, which can be redeemed for cash rewards or equity in the ever-expanding Wynd Network. Click here for the zero-cost mining tutorial

III. Financing Status

The Grass project has completed two rounds of financing, raising a total of $4.5 million. In July 2023, it secured $1 million in a Pre-Seed round, led by No Limit Holdings, with participation from Big Brain Holdings, Builder Capital, and Cogitent Ventures. In December 2023, Grass completed a $3.5 million Seed round, led by Polychain Capital and Tribe Capital, with investments from Bitscale and Big Brain among others.

IV. Token Information

The GRASS token is the native token of the Grass project, built on the Solana network. It enables users to enjoy various features, including governance. The total supply is 1 billion tokens, with 10% allocated for airdrop activities. Users participating in the Beta testing will be rewarded based on their accumulated points. GRASS tokens will allow holders to engage with the Grass network in several ways:

• Power Trading and Repurchase: Once decentralized, GRASS will be used to support network scraping transactions, dataset purchases, and LCR utilization.
• Staking and Rewards: GRASS can be staked on routers to facilitate network traffic, earning rewards for contributions to network security.
• Network Governance: Participate in the development of the Grass network, including proposing and voting on network improvements, coordinating collaborations, and determining incentive mechanisms for all stakeholders.

V. Technical Features and Advantages

Grass is based on advanced blockchain technology, characterized by high efficiency, low energy consumption, and strong security. Its unique consensus algorithm, smart contract capabilities, and cross-chain interoperability provide solid support for the development and deployment of various DApps. Additionally, the Grass community is highly active and boasts a number of dedicated supporters worldwide, driving ongoing value for Grass.

VI. Application Scenarios and Future Development

As the first innovative project in the Solana ecosystem to integrate AI, Depin, and Solana technology, Grass aims to establish a foundational layer of data for AI, ensuring fair access and efficient utilization of public network data. Grass has successfully integrated with the OKX Web3 wallet platform, offering users a new data interaction experience. In the future, as Web3 technologies continue to evolve and gain traction, Grass is expected to leverage its unique advantages in a broader range of application scenarios, creating additional value for users.

In summary, the Grass project is an innovative and forward-looking Web3 initiative that generates passive income for users by utilizing idle internet bandwidth while striving to build a decentralized data layer to address ethical concerns and data quality issues in current internet data extraction practices. As the project develops and matures, Grass is well-positioned to achieve significant success in the Web3 domain.