Grass, a startup project for WiFi mining, how does it interact with DePIN?

23-12-19 20:17
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The DePIN track, which has been warming up for months, has once again attracted the attention of the community as $MOBILE continues to set new historical highs. According to DePINscan data, the market value of the DePIN concept market has exceeded 3 billion yuan. A new bull market urgently needs a new narrative, and outside the Bitcoin ecosystem, DePIN may be the hope for Web3 Mass Adoption.


Related reading: "DePIN Track: A Comprehensive Interpretation - Is it a New Opportunity or Just Old Wine in a New Bottle?"


Some startups are also active in the DePIN track. On December 19th, Wynd Network announced the completion of a $3.5 million seed round of financing, led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik.


Wynd Network is a startup company that focuses on the decentralized artificial intelligence field. Its chief technology officer said, "We hope to make public network data more accessible to open source AI projects. Decentralization is the only way to achieve this goal in a way that is both ethical and efficient." Wynd Network launched the decentralized network resource sharing platform Grass in June, which is currently in the testing phase. This article summarizes the interaction steps and development trends of Grass.


Project Introduction


The mechanism of Grass is that users sell their unused network resources to companies, laboratories and other institutions through Wynd Network. The buyer companies of Grass seek unused network resources to access more diverse IP addresses, conduct market research or perform tasks such as network crawling and AI training.


Users provide their idle bandwidth resources through Grass and receive points granted by Grass. These points will be "retrospectively converted into network ownership" at the end of the product beta phase. Wynd Network has stated that once the product exits beta phase, users will be able to earn up to $30 per month by selling their bandwidth.



Interactive Tutorial


Grass currently only offers a Chrome plugin account on desktop, with mobile versions to be released later. To get started, visit Grass.io and register for an account using your email. Then, add the Grass Extension wallet to your browser.



Before logging in to the plugin interface, use the email account registered to display "Connected" to indicate a successful connection. Keep the wifi connection status to continuously generate Grass points. It should be noted that VPN needs to be turned off to generate points. The user's point mechanism is not fixed and is affected by the geographical location and network environment of the IP.



In addition to earning points by hanging up through Wifi, Grass also has an incentive referral system. The referral system includes three levels, which can earn 20%, 10%, and 5% of the points generated by the recommended users, respectively.



Development Trends


Grass's company, Wynd Network, received a $1 million investment led by NoLimitHodl in July and another $3.5 million seed round investment led by Polychain Capital and Tribe Capital on December 19th.


In June of this year, Grass's testing officially went online. By November, Grass's sole IP address registration had exceeded 1.5 million, with over 100,000 people downloading the extension program. In the past month, Grass has gradually attracted more attention, with its Twitter fan base doubling in December. As of the time of writing, over 18k users are following Grass's Twitter account.


On December 15th, Grass's official Twitter account released an announcement stating that due to a surge in new users, system upgrades and maintenance are currently underway. They also mentioned that the total number of users has doubled in the past 72 hours.


The reason for the surge in users this time may be partly due to riding on the hot spot of Bittensor. Messari researcher Sami Kassab tweeted about Bittensor, a Crypto+AI concept project whose token TAO rose 400% in November, ranking among the top 50 cryptocurrencies by market capitalization. Sami believes that Bittensor is a platform that brings together decentralized AI service providers at all stages, and in the category of AI data collection, Grass is the only project listed.


Related reading: "Unveiling the AI + Crypto dark horse Bittensor (TAO), who are they?"



In the DePIN track, Grass's narrative is not particularly attractive, unlike Helium Mobile, which can rely on Solana, or DIMO, which has already achieved stable business growth. The market value of Wicrypt Network, a WiFi mining project with a similar positioning to Grass, is less than one million.


Related reading: "What other DePIN projects are worth paying attention to besides Mobile?"


However, as the popularity increases, we can look forward to the situation after the launch of the Grass mainnet. Its official Twitter account stated on December 1st that they are currently focused on one goal, which is to "launch the network and enable users to earn rewards."


Currently, it appears that Grass will only consider launching tokens on the mainnet after accumulating a certain number of active nodes. On December 1st, Gras announced the upcoming release of its Android version, which will allow users to be online 24/7 without interruption. As a result, the number of active nodes is expected to increase exponentially. Considering the narrative of DePIN+AI and the nearly zero-cost interaction, interested readers may want to give it a try.


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