Then, “AI” It became synonymous with “agents,” There were also smaller AI projects that had functional uses cases. DePIN was one of these projects.
The Grass elevator speech: Big Tech is bad for scraping your internet data to make money, Grass is good as you can use your unused internet bandwidth and sell it.
Grass is now a way for AI companies, or businesses interested in tracking media sentiments to purchase your textual information.
In less than one year, Grass will have grown to over 2,000,000+ nodes. These nodes scrape 90TB of data each day, which is 445x more than Google. This data is then sold by AI companies.
GRASS airdropped tokens in October. Since then, the token has been listed on major CEX exchanges and appreciated by 380%.
It’s a remarkable result, especially when you consider that the majority of tokens have a trend only going down on TGE. GRASS Farmers don’t have an opportunity costs, such as staking. Grass has avoided this problem.
As per @Daveeemor’s tweet, Grass produces about $33,000,000 in annualized revenue, which the company plans to ultimately share with node operators, GRASS shareholders, and GRASS investors.
GRASS has a 21.3% MC/F multiplier at a market cap of $702,000,000 today. If one thinks Grass will continue to grow as it has in the past, this suggests a token valuation that is very attractive compared with other DePIN protocols which generate fees, such as Helium or Akash. These trade at a higher multiple of 265-334x MC/F.
In the first quarter of 2025, Grass will introduce the capability to capture data in real time with its system. “Live Context Retrieval” Technology enables more specific and performant AI models, which depend on timely information like market trading.
More information on grass can be found in our Blockworks Research Report by Boccaccio.
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