Grass, the DePIN project on Solana, is raising 10 million USD in a bridge raise round, with participation from Polychain Capital and Tribe Capital. This is primarily a token purchase deal, following the previous seed and Series A rounds.
Co-founder Andrej Radonjic stated that Grass helps companies access data on an unprecedented scale by decentralizing the sale of surplus Internet bandwidth. The project aims to become the infrastructure for AI training and inference data, especially in the area of real-time contextual retrieval.
Polychain considers Grass a prime example of a decentralized business model that has the potential to outperform Web2 competitors, and this is their third investment in this project. Tribe Capital also stated that Grass has a large AI client with seven-figure revenue, over 8.5 million monthly active users, and partnerships with around 20 businesses, non-profit organizations, and universities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Is Solana (SOL) 'Hidden Gem?' Long/Short Ratio Signals Unusual Activity - U.Today
Longs piling up
Market leaning bullish
After a larger decline Solana is currently trading in a weak recovery phase around $84-$85. The price is still under pressure on longer time frames, but it is making an effort to stabilize locally. Although the structure is not yet bullish, it is also no lon
UToday8m ago
Bitcoin and Ethereum ETFs See Significant Outflows While Solana ETFs Record Inflows on March 25
Gate News bot message, according to the March 25 update, Bitcoin ETFs recorded a 1-day net outflow of 1,565 BTC ($111.64M) and a 7-day net outflow of 2,966 BTC ($211.6M). Ethereum ETFs showed a 1-day net outflow of 14,551 ETH ($31.69M) and a 7-day net outflow of 125,873 ETH ($274.15M). In contrast,
GateNews1h ago
FTX Bankruptcy Liquidation's Unexpected Creation of a "Hedge Fund Harvesting Manual": Why Altcoins Lost to Bitcoin in Nearly Every Way from 2023-2025
FTX's bankruptcy liquidation created a new type of asset trading, where hedge funds achieve stable high returns by purchasing locked tokens at a discount and shorting them in the futures market, while retail investors become liquidity providers, leading to poor cryptocurrency market performance from 2023-2025. Bitcoin benefits from structural advantages due to its transparent supply and absence of locked tokens.
ChainNewsAbmedia1h ago
USDC Treasury has newly minted 250 million USDC on the Solana chain
Gate News reported that on March 25, according to Whale Alert monitoring, USDC Treasury newly minted 250 million USDC on the Solana chain.
GateNews2h ago
