As a seasoned researcher with a keen interest in the intersection of blockchain, AI, and decentralized technologies, I must admit that Grass piques my curiosity. With my extensive background in this space, I can attest to the potential transformative power these technologies hold for both individuals and corporations alike.
AI developers are being introduced to a novel approach by Grass for accessing web data, with whispers of an impending airdrop circulating.
Word on the street about cryptocurrency X suggests that the distribution of the Grass Token, which has been in development, might be approaching its conclusion soon. Those involved are anxiously looking forward to the token creation event where Grass Points will be transformed into actual GRASS tokens.
In June 2023, Grass, a project developed by Wynd Network, rewards individuals for sharing their unused internet bandwidth to gather data from various public websites. This data is then used to create useful Artificial Intelligence (AI) datasets.
1: At @getgrass_io, the $GRASS token is now officially recognized. This network of more than 2 million individuals assists AI developers in gaining internet access and, in return, receives compensation.
— Hades Web3 (@0xHvdes) July 29, 2024
The information gathered from internet traffic that goes unused gets organized into datasets, which are later sold to artificial intelligence research centers so they can train their models. This practice encourages widespread AI innovation by making it accessible to many developers and avoiding its monopolization by large corporations.
The system channels web inquiries via Grass nodes, utilizing user’s internet links. Simultaneously, it maintains a seamless online experience for the users. Rest assured, this process is both legal and secure since it exclusively handles public web data and prioritizes the privacy of user’s personal information.
Participants can easily join by registering, getting the Grass app, and granting access for their devices to be part of the network. In exchange, they get Grass credits, acting as both incentives and management tools within the system.
Bullish Grass sentiment
Despite seeing a rise in trading activities with Grass Points over the past year, an official date for the airdrop has yet to be announced. Last year, the project successfully gathered $3.5 million during its seed funding round, which was spearheaded by Polychain Capital and Tribe Capital. This investment boosted the total funding for the project to $4.5 million. The raised funds were primarily utilized to broaden the network of nodes and enhance the development of the decentralized AI ecosystem.
In April, Grass initiated the Touch Grass Challenge as a means of commemorating their first Layer 2 data rollup. This event encouraged individuals to showcase their creativity in operating Grass nodes across four distinct categories. The winning entries, as selected by the Grass team, were rewarded with unique merchandise.
In my perspective, just as grass sprouts and thrives when given room to grow, so too does the power of decentralized technology blossom as it empowers individuals and fosters advancements in artificial intelligence (AI).
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2024-09-03 18:37