Grass.io is an innovative decentralized platform that utilizes unused internet bandwidth to scrape public web data for AI training purposes. Developed by Wynd Network, Grass aims to create a decentralized oracle for AI by transforming public web data into structured datasets. Here’s a detailed look at how Grass.io works, its recent funding success, and the earning potential for users.
How Grass.io Works
Grass.io operates through a network of nodes, which are user devices connected to the internet. These nodes perform web scraping tasks, collecting and processing data. The key components of Grass.io include:
- Validators: They initiate and verify web transactions, producing zk-SNARK proofs to ensure data authenticity.
- Routers: They connect nodes to validators, managing data traffic and maintaining data integrity.
- Grass Nodes: Operated by users, these nodes scrape public web data, encrypt it, and send it through the network to ensure privacy.
- ZK Processor: It batches validity proofs of all session data and logs them on the blockchain, creating an immutable record.
- Grass Data Ledger: This repository links data sets to their zk-SNARK proofs, ensuring data authenticity and traceability.
- Edge Embedding Models: These convert scraped data into structured formats ready for AI use, involving data cleaning and normalization steps
Recent Funding and Growth
Grass.io has garnered significant attention and investment. Recently, the platform raised $3.5 million in a seed funding round led by Polychain Capital and Tribe Capital. This funding will be used to expand the network of nodes and further develop the platform’s capabilities. Other notable investors include Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik
Earning Potential with Grass.io
Users can earn Grass Points by participating in the network. Here’s how you can get started and maximize your earnings:
- Download and Install: Visit the Grass website and download the application or Chrome extension. Follow the instructions to install it on your device.
- Set Up Your Account: Create an account by providing basic information and verifying your email.
- Start Collecting Data: Run the Grass application in the background to start scraping and processing web data. Your device acts as a node, contributing to AI data collection.
- Earn Points: You earn Grass Points for your participation. These points can be traded on decentralized exchanges like Whales Market.
- Refer Others: Utilize the referral program to earn additional points. You earn a continuous 20% of the points accrued by your referrals. Additionally, you receive a 2,500-point bonus when your referral logs 100 hours of uptime
Tokenomics and Community Engagement
Grass.io’s tokenomics are designed to support its decentralized infrastructure, emphasizing sustainability and community participation. The platform introduces a utility token for transactions, staking, and rewarding data collection and validation. Token holders can participate in network governance, influencing key protocol decisions
Conclusion
Grass.io is a promising platform that combines decentralized technology with AI data collection. By participating in the network, users can earn passive income through Grass Points while contributing to the development of AI. With strong backing from prominent investors and a robust reward system, Grass.io is set to make a significant impact in the crypto and AI ecosystems.