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The decentralized AI coaching community Grass went reside with its airdrop this morning, and the GRASS token distribution introduced Solana wallets to heel.
Grass’ creators declare to be finishing up probably the most widely-distributed airdrops in historical past, and the token has been closely farmed as a result of collaborating required no monetary stake from customers. The favored Solana pockets Phantom noticed its backend go down six minutes after the GRASS airdrop went reside, and Backpack CEO alluded to issue with the pockets stemming from the declare. Solflare CEO Vidor Gencel stated the pockets noticed “minor degradation and automatically scaled up.”
“We’re currently aware of some issues affecting users on Jup.ag, when using 3rd party wallets,” the favored Solana swap platform Jupiter wrote on X.
At first look, Phantom and others’ struggles may appear associated to the RPC protocols that permit crypto packages to work together. However not less than two Solana’s RPCs appeared to climate the storm.
Mert Mumtaz, CEO of the favored Solana RPC platform Helius, stated the corporate’s RPCs are “fine,” and Phantom’s downtime seemed to be stemming from elsewhere. Brian Lengthy, co-founder of Solana RPC service Triton One, instructed me its RPCs “took a hit during the event and recovered quickly thereafter.”
Grass — the token and the community — reside on Solana. The Solana community itself didn’t seem to expertise degraded efficiency through the airdrop. SOL itself nonetheless fell barely on the airdrop information, from $177 to $175.
Customers had bother claiming the GRASS airdrop at first as pockets suppliers struggled to maintain up with the surge in utilization. Markets on centralized exchanges responded properly to this truth, sending the token worth as much as $1.00 on KuCoin earlier than dropping precipitously all through the morning.
With 100 million tokens being distributed, the airdrop nonetheless amounted to tens of tens of millions of dollars-worth in new tokens.
GRASS is supposed to energy the Grass community, which is being developed by Wynd Labs. Grass rewards customers for sharing their unused web bandwidth, which the protocol makes use of to scrape internet information. Massive datasets of this sort are helpful for creating AI fashions, that are educated on information scraped from the online. Wynd’s leaders argue that Grass’ community accumulates higher information than large-scale internet scrapers, which can be blocked or run into falsified information.
Wynd Labs raised $3.5 million in seed funding led by Polychain and Tribe Capital in December 2023.
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