The information about Grass (GRASS) token is:

Grass (GRASS) is a token launched on the Solana blockchain as an SPL (Solana Program Library) token, designed to power the Grass Network, a decentralized infrastructure project focused on aggregating and providing verifiable web data for artificial intelligence (AI) training.

The token serves as the native utility and governance asset within the Grass ecosystem, enabling users to earn rewards by sharing unused internet bandwidth through a browser extension or app, which nodes use to scrape public web data.

Grass operates as a Layer-2 data rollup on Solana, leveraging Solana’s high throughput (capable of up to 1 million transactions per second) and low transaction costs to process and validate massive volumes of data efficiently, with plans to bundle transactions using zero-knowledge proofs for scalability.

The total supply of GRASS is set at 1 billion tokens, with an initial airdrop on October 28, 2024, distributing 100 million tokens (10% of the supply) to approximately 1.5–2.8 million eligible wallets, making it one of the largest airdrops in Solana’s history.

The Grass Network, developed by Wynd Network (founded in 2022 in Toronto, Canada), aims to democratize access to AI training data by turning public web information into structured datasets, serving clients like financial platforms and language model developers.

GRASS tokens are used for governance through the Grass DAO, allowing holders to vote on protocol decisions, as well as for staking and incentivizing node operators who contribute bandwidth, with a portion of tokens burned to create a deflationary mechanism.

The project has raised $4.5 million in funding, including a $3.5 million seed round led by Polychain Capital and Tribe Capital, with additional support from investors like Binance Labs, enhancing its credibility and capacity to scale.

Grass’s infrastructure includes Validators (to ensure data authenticity), Routers (to manage data flow), and Grass Nodes (run by residential users), creating a decentralized system that emphasizes transparency and combats data poisoning in AI training.

Posts on X and web sources highlight Grass’s unique position at the intersection of AI and blockchain, with its tokenomics rewarding early adopters via a points system (Grass Points) convertible to GRASS tokens, and its integration with Solana positioning it as a key player in the Decentralized Physical Infrastructure Network (DePIN) space.