Multicoin Capital invests in DePIN project Grass
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Multicoin Capital announced its investment in the DePIN project Grass, positioning it as a machine intelligence reading layer. Grass queries and analyzes the public Internet by sharing idle network bandwidth with users, and currently has more than 6 million contributors. Grass aims to achieve a revenue of $17 million in 2025 and $17 million in the first half of 2026, with the business already profitable. It is expected that the training data business revenue will reach $75 million in 2026. Grass plans to launch content APIs, search APIs, and web indexes, and the system has currently collected over 1 billion public videos.