$GRASS: Touch It or Cut It?
GRASS had one of the most widely distributed airdrops of all time, with 2.8 million wallets receiving allocations. We dive deeper into the Grass network and consider whether GRASS will continue to grow.
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TLDR
- Grass recently launched its GRASS token through a massive airdrop, with 2.8 million wallets receiving allocations. So far, GRASS has managed to avoid the usual lacklustre post-airdrop price action seen for hyped airdrops.
- Grass is a decentralized network allowing users to monetize their unused internet bandwidth, which is instead used by the network to collect and organize web data for AI and other applications.
- The network is set to earn revenue through the sale of unused bandwith and the sale of collected data. Grass is purportedly scraping up to 100TB of data each day.
- Grass’s Live Context Retrieval (LCR) offers real-time data collection for various industries, with applications in areas beyond AI models such as gaming.
- Grass is well-positioned in the AI and DePIN sectors on the hottest L1 of this cycle – Solana. However, it will need to sustain momentum in the face of non-trivial emissions.
- A Trump victory and potential Republican sweep could offer the entire altcoin sector a major boost as a more favorable regulatory regime would follow.
