Grass announces the end of the closed beta test and is about to conduct an Airdrop.

Recently, a decentralized network platform announced that its closed testing phase has ended and is currently taking snapshots to determine the eligibility for the upcoming Airdrop. The platform stated that users' network participation (weighted by time period) will serve as the benchmark for receiving rewards.

In the coming weeks, the team will provide detailed Airdrop eligibility check guidelines and share more information about token economics. The future development focus of the platform will shift from building core infrastructure to supporting large-scale development, emphasizing applications that combine user interests with network functionalities.

According to reports, the number of users on the platform has surpassed 2 million. As a decentralized network, its goal is to provide the necessary data for AI model training by accessing public networks. This makes the platform an important component of the AI data layer in the process of expanding to clean and prepare structured datasets, laying a foundational position in the field of AI.

Financing and Technical Background

The team behind the platform has successfully completed a $3.5 million seed round financing led by several well-known investment institutions. Combined with the previous pre-seed round financing, the team's total financing amount has reached $4.5 million. This funding will be used to enhance the platform's technical infrastructure, expand the node network, and improve the data verification process.

The platform is a decentralized bandwidth marketplace where users can sell their idle internet connections to help AI labs obtain network data for training models. The platform utilizes users' IP addresses to sell excess bandwidth, thereby bypassing many websites' restrictions on data center IP addresses. The entire process ensures users' privacy and data security.

The collected bandwidth is used to extract raw data from the network and convert it into AI datasets. These datasets are extremely valuable for AI developers and researchers who require large amounts of training data. The core technology of the platform is an AI development tool that excels at collecting unstructured data from the web and structuring it for easier reading.

As the first project to combine AI, DePIN, and a certain public chain technology, the platform is positioned as the AI data layer. The AI data layer is a critical starting phase in the artificial intelligence development process, primarily responsible for data collection and preparation, providing the foundation for model training. In the field of AI, data quality is crucial, as the model's capabilities entirely depend on the relevance and patterns within the training data.

Market Potential

The platform is built on a high-throughput public chain and has developed a special rollup system for efficiently processing and storing data provenance information. This Web3-first approach provides several advantages over centralized residential proxy providers, including fairer value distribution and higher cost-effectiveness.

In terms of market potential, the platform already has 2.2 million independent users and is expected to attract more users after the token generation event. It is worth noting that the network is owned and operated by users, who earn stakes in the network by running nodes and earning points.

Other market advantages include:

1. Extensive node distribution: covering over 190 countries, with 50% in the Asia-Pacific region, 40% in the United States and the European Union, and 10% in other parts of the world.

2. Strong technical strength: Handles 1 million network requests per second and retrieves public data through over 2.2 million nodes worldwide within a week.

3. Long-term project prospects: Having a robust product roadmap and continuously expanding.

4. Strong investment background: Supported by several well-known investment institutions.

5. Low participation threshold: Users only need to register and install the browser extension to run the node.

6. Support decentralized and open-source AI: Support the development of decentralized and open-source AI by creating alternative pathways to access network data.

The mission of the platform is to correct the mistakes of the Web 2.0 era and promote the values of Web3. By participating, users not only earn rewards for building the network but also help create a more equitable and just world. The platform is committed to building the infrastructure needed for the future, providing users with a way to participate in the AI revolution, while promoting the development of decentralized and open-source AI, allowing everyone to access and utilize public network data fairly.