What is Grass? All You Need to Know About Grass
The Grass project is a decentralized layer two network built on Solana that allows people to monetize their unused internet. The project initially used a Chrome extension. Then, it developed a node that accessed users’ unused bandwidth. This bandwidth is then used to provide data for training AI models.
When participants share unused internet, they assist the project in collecting data and earn passively. The node also allows users to download it and run it in the background, so it doesn’t inconvenience participants.
History of the Grass Project
Wynd Labs launched Grass in June 2023. Andrej Radonjic co-founded Wynd Labs. The project was created to allow individuals to benefit from the growing AI trend.
On December 19, 2023, Grass conducted a seed funding round, which raised $3.5 million. Polychain Capital and Tribe Capital led the round.
Grass was initially launched as a browser extension that allowed users to provide data. Then, in June 2024, the community node was launched. This node was released to core community members, allowing them to earn points at 0.25% more than the regular node.
Finally, the desktop node was launched, allowing the project to expand beyond the user’s browser. The project has achieved milestones, such as reaching a user base of over 2 million in 190 countries.
Features of Grass: Dashboard and Referral Program
Dashboard
Source: Grass Website
The project offers numerous ways for users to be rewarded. The main avenue, though, is bandwidth sharing by installing the desktop or community Node on the user’s device. Once installed, users would need to create an account.
This account has a dashboard display where the project records the user’s participation and any relevant rewards. Once the account is set and the installation is done, the node is designed to work as automatically as possible once the user is connected to the internet.
The dashboard also displays details of the user’s network, their IP address, and the strength of the network connected.
Referral Program
Source: Grass Website
The referral program is another feature that allows users to earn. The user is given a unique referral link to invite others to join, register, and get rewarded with Grass points. The referral system is tiered, and users can get rewarded for the referral of their referrals.
Based on the number of referrals and points accumulated, users are ranked from the lowest level 1 of Iron to the highest level 10 of Titan.
Core Components of Grass: Validator, Grass Nodes, Partially-Encrypted Traffic (PET), and Fully-Encrypted Traffic (FET)
Source: Grass Website
Validator
A validator is an important part of the network. It is responsible for confirming transactions and maintaining the network’s stability. Validators are workers within the blockchain who follow the rules set by the developers. Validators also prevent fraud and ensure all participants can trust the data being processed.
Further, validators oversee clients’ web requests to the Grass nodes. They authenticate these requests and verify their legitimacy before allowing them to pass.
Grass Nodes
Grass nodes are the backbone of the network. The browser extensions and desktop nodes access the user’s network bandwidth. They utilize this bandwidth to scrape data, which is used to train AIs.
The primary function of Grass nodes is to transmit traffic from the clients’ devices, as directed by validators. Grass nodes are lightweight and easy to operate, allowing users to participate without extensive technical knowledge or spending resources.
Fully-Encrypted Traffic (FET)
FETs are fully encrypted data that ensure all aspects of the data are confidential and protected. They are needed to maintain the privacy of sensitive information in networks where data is transmitted to multiple nodes or recipients.
FET is used in the Grass project to communicate between nodes and external parties like web servers. Grass encrypts the data to ensure web requests and responses are safe from threats.
Partially-Encrypted Traffic (PET)
PET is a type of encryption that hides part of the data. It is used in situations where full encryption is not possible or needed. The downside is that the partially hidden data could leave room for bad actors and vulnerabilities.
On Grass, not all data is fully encrypted. Such data as web requests and responses are usually protected to a degree. The visible parts are necessary for the network to perform efficiently. This allows Grass to balance security with efficient processing.
Zero Knowledge Processor (ZKP)
Zero-knowledge proof is a recent technology that allows parties to prove certain information to other parties without actually revealing the information. It comprises a system of provers, verifiers, and challengers that enhance the privacy and security of decentralized networks.
The ZK feature on Grass protects user information while the project collects user data. It also makes the data processing process more reliable. Finally, it provides accurate data to the AI developers. This creates a secure system where all participants benefit.
Grass Data Ledger
All blockchains have an immutable record of their activities, and Grass is no exception. The Grass data ledger documents the history of each dataset scraped, including its source, collection, and transformation process.
Immutable records allow networks to be transparent and accountable, which is the case for Grass. This accountability is essential because of the controversy surrounding training AI agents and models without adequately compensating the users and artists who provide these data.
The ledger also allows AI developers to verify the data’s authenticity to train their models.
What is the Grass Token?
Source: Grass Website
The GRASS token is the native token of the Grass project. It is built on the Solana network and allows users to enjoy features like governance.
Its total supply is 1 billion tokens, with 10% allocated to its airdrop event. Users participating in the Beta would be rewarded based on their accumulated points.
Is the Grass Token a Good Investment?
The Grass Token is the native token of a layer 2 project that allows users to earn by connecting to the internet. This simple passive income method beats plenty of traditional data-collecting options. It also rewards users for providing their data.
By solving the privacy problem, the Grass project is well-positioned to compete in the growing AI space. It can connect users with AI development projects that need reliable user data and allow token holders to benefit from the newly expanding AI crypto space.
Risk Analysis
Advantages
The project is built for ethical data collection, so its users are properly compensated. It is also a decentralized project, giving token holders a say in its future.
It prioritizes ZK proofs, which allows the user to feel safe while sharing their information, knowing it is encrypted and secure. It also provides high-quality data to AI developers.
Disadvantages
The amount of passive income generated depends on the user’s internet speed, geographic location, and demand for data scraping. So, people in lower-demand areas might find it challenging to earn reasonable rewards.
Challenges
The project faces the challenge of maintaining privacy and efficiency as the network grows and attracts more participants. Another challenge is maintaining the integrity of Grass’s decentralized governance as more users join. There is a risk of a small number of large token holders having controlling influence over the network decisions.
As Grass operates globally, the project also faces challenges in navigating regulations around data privacy and AI development.
Competitive Analysis
Grass.io and Nosana are both cryptocurrency projects in the peer-to-peer ecosystem. Each addresses different aspects of data and computing resources. Grass.io allows users to earn using their idle internet bandwidth, while Nosana provides a marketplace for participants to rent out their unused GPU power for AI computations.
Both allow access to data and resources for AI development. Grass.io focuses on data collection and user engagement, while Nosana focuses on providing affordable GPU power for AI inference and training.
How Can You Own GRASS Tokens?
Users can follow a simple process to own GRASS tokens and become a part of the Grass ecosystem.
Setup a Wallet
One way to own GRASS tokens is to purchase them through an exchange. For this, the user must create a Gate.io account, complete the KYC process, and add funds to the account to buy the token.
Utilize the GRASS Tokens
Once users have acquired GRASS tokens, they can explore the Grass ecosystem by supplying bandwidth and participating in governance.
Useful References
For the latest updates about the GRASS token ecosystem, visit:
Take Action on GRASS
Learn more about the Grass project on Gate.io.
History of the Grass Project
Features of Grass: Dashboard and Referral Program
Core Components of Grass: Validator, Grass Nodes, Partially-Encrypted Traffic (PET), and Fully-Encrypted Traffic (FET)
What is the Grass Token?
Is the Grass Token a Good Investment?
Risk Analysis
Competitive Analysis
How Can You Own GRASS Tokens?
Useful References
Take Action on GRASS
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What is Grass? All You Need to Know About Grass
History of the Grass Project
Features of Grass: Dashboard and Referral Program
Core Components of Grass: Validator, Grass Nodes, Partially-Encrypted Traffic (PET), and Fully-Encrypted Traffic (FET)
What is the Grass Token?
Is the Grass Token a Good Investment?
Risk Analysis
Competitive Analysis
How Can You Own GRASS Tokens?
Useful References
Take Action on GRASS
The Grass project is a decentralized layer two network built on Solana that allows people to monetize their unused internet. The project initially used a Chrome extension. Then, it developed a node that accessed users’ unused bandwidth. This bandwidth is then used to provide data for training AI models.
When participants share unused internet, they assist the project in collecting data and earn passively. The node also allows users to download it and run it in the background, so it doesn’t inconvenience participants.
History of the Grass Project
Wynd Labs launched Grass in June 2023. Andrej Radonjic co-founded Wynd Labs. The project was created to allow individuals to benefit from the growing AI trend.
On December 19, 2023, Grass conducted a seed funding round, which raised $3.5 million. Polychain Capital and Tribe Capital led the round.
Grass was initially launched as a browser extension that allowed users to provide data. Then, in June 2024, the community node was launched. This node was released to core community members, allowing them to earn points at 0.25% more than the regular node.
Finally, the desktop node was launched, allowing the project to expand beyond the user’s browser. The project has achieved milestones, such as reaching a user base of over 2 million in 190 countries.
Features of Grass: Dashboard and Referral Program
Dashboard
Source: Grass Website
The project offers numerous ways for users to be rewarded. The main avenue, though, is bandwidth sharing by installing the desktop or community Node on the user’s device. Once installed, users would need to create an account.
This account has a dashboard display where the project records the user’s participation and any relevant rewards. Once the account is set and the installation is done, the node is designed to work as automatically as possible once the user is connected to the internet.
The dashboard also displays details of the user’s network, their IP address, and the strength of the network connected.
Referral Program
Source: Grass Website
The referral program is another feature that allows users to earn. The user is given a unique referral link to invite others to join, register, and get rewarded with Grass points. The referral system is tiered, and users can get rewarded for the referral of their referrals.
Based on the number of referrals and points accumulated, users are ranked from the lowest level 1 of Iron to the highest level 10 of Titan.
Core Components of Grass: Validator, Grass Nodes, Partially-Encrypted Traffic (PET), and Fully-Encrypted Traffic (FET)
Source: Grass Website
Validator
A validator is an important part of the network. It is responsible for confirming transactions and maintaining the network’s stability. Validators are workers within the blockchain who follow the rules set by the developers. Validators also prevent fraud and ensure all participants can trust the data being processed.
Further, validators oversee clients’ web requests to the Grass nodes. They authenticate these requests and verify their legitimacy before allowing them to pass.
Grass Nodes
Grass nodes are the backbone of the network. The browser extensions and desktop nodes access the user’s network bandwidth. They utilize this bandwidth to scrape data, which is used to train AIs.
The primary function of Grass nodes is to transmit traffic from the clients’ devices, as directed by validators. Grass nodes are lightweight and easy to operate, allowing users to participate without extensive technical knowledge or spending resources.
Fully-Encrypted Traffic (FET)
FETs are fully encrypted data that ensure all aspects of the data are confidential and protected. They are needed to maintain the privacy of sensitive information in networks where data is transmitted to multiple nodes or recipients.
FET is used in the Grass project to communicate between nodes and external parties like web servers. Grass encrypts the data to ensure web requests and responses are safe from threats.
Partially-Encrypted Traffic (PET)
PET is a type of encryption that hides part of the data. It is used in situations where full encryption is not possible or needed. The downside is that the partially hidden data could leave room for bad actors and vulnerabilities.
On Grass, not all data is fully encrypted. Such data as web requests and responses are usually protected to a degree. The visible parts are necessary for the network to perform efficiently. This allows Grass to balance security with efficient processing.
Zero Knowledge Processor (ZKP)
Zero-knowledge proof is a recent technology that allows parties to prove certain information to other parties without actually revealing the information. It comprises a system of provers, verifiers, and challengers that enhance the privacy and security of decentralized networks.
The ZK feature on Grass protects user information while the project collects user data. It also makes the data processing process more reliable. Finally, it provides accurate data to the AI developers. This creates a secure system where all participants benefit.
Grass Data Ledger
All blockchains have an immutable record of their activities, and Grass is no exception. The Grass data ledger documents the history of each dataset scraped, including its source, collection, and transformation process.
Immutable records allow networks to be transparent and accountable, which is the case for Grass. This accountability is essential because of the controversy surrounding training AI agents and models without adequately compensating the users and artists who provide these data.
The ledger also allows AI developers to verify the data’s authenticity to train their models.
What is the Grass Token?
Source: Grass Website
The GRASS token is the native token of the Grass project. It is built on the Solana network and allows users to enjoy features like governance.
Its total supply is 1 billion tokens, with 10% allocated to its airdrop event. Users participating in the Beta would be rewarded based on their accumulated points.
Is the Grass Token a Good Investment?
The Grass Token is the native token of a layer 2 project that allows users to earn by connecting to the internet. This simple passive income method beats plenty of traditional data-collecting options. It also rewards users for providing their data.
By solving the privacy problem, the Grass project is well-positioned to compete in the growing AI space. It can connect users with AI development projects that need reliable user data and allow token holders to benefit from the newly expanding AI crypto space.
Risk Analysis
Advantages
The project is built for ethical data collection, so its users are properly compensated. It is also a decentralized project, giving token holders a say in its future.
It prioritizes ZK proofs, which allows the user to feel safe while sharing their information, knowing it is encrypted and secure. It also provides high-quality data to AI developers.
Disadvantages
The amount of passive income generated depends on the user’s internet speed, geographic location, and demand for data scraping. So, people in lower-demand areas might find it challenging to earn reasonable rewards.
Challenges
The project faces the challenge of maintaining privacy and efficiency as the network grows and attracts more participants. Another challenge is maintaining the integrity of Grass’s decentralized governance as more users join. There is a risk of a small number of large token holders having controlling influence over the network decisions.
As Grass operates globally, the project also faces challenges in navigating regulations around data privacy and AI development.
Competitive Analysis
Grass.io and Nosana are both cryptocurrency projects in the peer-to-peer ecosystem. Each addresses different aspects of data and computing resources. Grass.io allows users to earn using their idle internet bandwidth, while Nosana provides a marketplace for participants to rent out their unused GPU power for AI computations.
Both allow access to data and resources for AI development. Grass.io focuses on data collection and user engagement, while Nosana focuses on providing affordable GPU power for AI inference and training.
How Can You Own GRASS Tokens?
Users can follow a simple process to own GRASS tokens and become a part of the Grass ecosystem.
Setup a Wallet
One way to own GRASS tokens is to purchase them through an exchange. For this, the user must create a Gate.io account, complete the KYC process, and add funds to the account to buy the token.
Utilize the GRASS Tokens
Once users have acquired GRASS tokens, they can explore the Grass ecosystem by supplying bandwidth and participating in governance.
Useful References
For the latest updates about the GRASS token ecosystem, visit:
Take Action on GRASS
Learn more about the Grass project on Gate.io.
Related articles
What Is Ethereum 2.0? Understanding The Merge
What Is a Cold Wallet？