GRASS briefly breaks above $0.8, up over 25% in 24 hours

BlockBeats news, September 30, according to HTX market information, GRASS briefly broke through $0.8, now fell back to $0.74, up over 25% in 24 hours, with a cumulative increase of over 105% in the past month.

On the news front, Multicoin Capital announced that its hedge fund and venture capital fund have invested in the DePIN project Grass, positioning it as the "read layer for machine intelligence." Over the past 18 months, Grass has recruited users through crypto incentives to share idle network bandwidth for querying and parsing the public internet, and has entered the data processing workflows of some frontier AI laboratories.

Multicoin believes that the market currently mainly views Grass as a proxy network providing pre-training data to AI laboratories, but has not fully reflected the potential of real-time retrieval during the inference stage. Grass plans to launch content APIs, search APIs, and network indexing to enable AI models and agents to access real-time web information.