Grass, the DePin team that focuses on checking internet data on the A series, said the team exclusively Blockworks.
Hackvc led the tour, with the participation of Polychain, Delphi, Lattice and Brevan Howard. The team refused to reveal the amount that was raised, but confirmed that it raised $ 3.5 million in a previous seed tour.
He sat, CEO of Wynd Labs Andrej Radonjic with BlockWorks to talk about the increase and the project it founded along with two other founders.
Radongk said that the grass project was understood in mid -2012, but they did not start building until the beginning of 2023. It took place raising the tour before it happened immediately after the FTX collapsed, he indicated.
Read more: WYND network collected $ 3.5 million in Polychain, Tribe and more
In a simply phrase, the grass enables the discounts to be scraped using millions of nodes.
“It is a piece of infrastructure that effectively allows any company or LLM to convert the entire internet to the API call. So if you are LLM or any model and you need data in an actual time, connect it to the grass, and … it will have the possibilities on the Internet. It will not be. You have the question of asking your model about what happened this morning, and says, “You just trained until October,” or something like this.
like Amnesty International It becomes more profitable – with a a report From Bloomberg earlier this month, Openai’s evaluation set up to $ 150 billion-the team faced a question from people: “Why does the grass relax with this open valuable data?”
“The very clear answer, unlike the return of the beautiful to the open source community, is the fact that we see 99 % of the network value in retrieving the direct context. So the ability to seize something of information in the actual time,” Radongik explained.
Read more: Debine: A recipe for public commodities on public commodities
“After five years from now, the language models may be just good and you will get linguistic thinking. They will improve in other types of thinking. But when it comes to language, they will not really need more training data and all these fixed training data sets, The value will decrease. “
But Radonjic believes that one thing will not change in the next decade “is the fact that the new information will always appear on the Internet, and artificial intelligence models will always need new information to generate useful visions, and this is something The grass is already specialized in“
He told BlockWorks that the team also found that the grass was something that did not see the adventurous capitalists “before” when talking about each financing round.
“When we started collecting capital from investment funds, it was very difficult for us because we were building something that was not yet. The more I did, the more you always face friction because it is much easier to understand other infrastructure playing in Blockchain.” “However, there is one thing that we noticed from a lot of investment boxes is that they want to be exposed to data protocols … and we were very lucky to get such strong support from our first supporters.”
But since then, Grass has grown to more than a “million active users per day”, for each radonjic, and has half a million people in its dispute. It also has a great presence on social media, which includes approximately 400,000 followers on X. But the team’s goal is the noble: they are looking to expand to 100 million users.
“We feel that as soon as the network becomes decentralized, many people will become from other channels – specifically in Web2 – more interested in this product, because it will have a certain level of verification.”
Other prominent tours:
- Certik Ventures, the new CERTIK arm, announced on Thursday a $ 45 million investment plan to support Web3 projects.
- Bitcoin and Ethereum Crossover Network Hemi Labs 15 million dollars raised On a seed tour led by Binance Labs, Breyer Capital and Big Brain Holdings.
- Yellow Network, Defi Protocol, Arise 10 million dollars on a tour led by the founder of Ripple Chris Larsen, with other participants including Conssensys and GSR.
- The Rise series, which says it is the “ETHEREUM”, ” Declare It raised $ 3.2 million in a seed tour led by the final investment capital, with the participation of Polygon Ventures and Eterfi.
- pregnancy He said She invested $ 1.5 million in a sorting portfolio.
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