PANews, September 30: Shayon Sengupta, General Partner at Multicoin Capital, announced that the firm’s hedge fund and venture capital fund have invested in the DePIN Grass project. Grass leverages cryptocurrency incentives to recruit global contributors to share their idle bandwidth, building a decentralized network that provides pre-training data to leading AI labs. Over the past 18 months, Grass has served multiple labs, generating $17 million in revenue in both 2025 and the first half of 2026, with projected full-year revenue from training data alone reaching $75 million – establishing profitability. More than 6 million shareholders received bonuses denominated in US dollars.
