Multicoin Capital Invests in Grass as GRASS Briefly Tops 0.8 USDT
The investment amount was not disclosed. GRASS later traded at 0.72 USDT, up 23.76% over 24 hours.
Multicoin Capital has invested in Grass through its hedge fund and venture capital fund, sending the GRASS token briefly above 0.8 USDT.
The investment amount was not disclosed. GRASS later traded at 0.72 USDT, up 23.76% over 24 hours.
Grass is a decentralized physical infrastructure network, or DePIN, that incentivizes users to share unused internet bandwidth. The network is used to collect and process publicly available internet data for artificial intelligence laboratories.
Grass plans to launch a content API that would allow AI models to open and render public pages through residential networks. Its planned search API and web index are designed to help models identify which pages to open first.
