Multicoin Capital Invests in Grass, a DePIN Bandwidth Network

Multicoin Capital Invests in Grass, a DePIN Bandwidth Network

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Multicoin Capital invested in Grass through a hedge fund and venture capital funds, to support a decentralized physical infrastructure project that connects shared Internet bandwidth to AI workloads.

Grass incentivizes users to share unused Internet bandwidth. AI labs use this bandwidth to collect and process publicly available Internet data.