Grass raises $3.5m as Polychain Capital and others bet on decentralized AI
Startup for passive income, Grass, has raised 3.5 million in seed funding to become a decentralized oracle for artificial intelligence (AI). Wynd Network, the developers behind the Grass project, have announced the successful closure of a $3.5 million seed funding round co-led by Polychain Capital and Tribe Capital. In a blog post on Dec. 19, Wynd Network said the latest infusion of capital brought the firm’s total funding to $4.5 million, following a pre-seed round led by No Limit Holdings. The founders of Grass believe that a decentralized model offers significant advantages for web scraping. Describing Grass as a decentralized oracle for AI, the founders emphasize that the platform will generate datasets traceable to their origin, enabling fair compensation for contributors to the network. “As a decentralized oracle for AI, Grass will produce datasets that can be traced back to their origin, making it possible to compensate people fairly for their contribution to...