What is Grass Network?

Grass Network is a decentralized web scraping protocol DePIN (Decentralized Physical Infrastructure Network), that enables users to monetize their unused internet bandwidth. By connecting users with AI labs and retailers, Grass creates a mutually beneficial ecosystem where participants can earn rewards while contributing to the development of transparent AI models.

Having secured $4.5 million in seed funding led by Polychain Capital and Tribe Capital in December 2023, Grass has positioned itself as a key player in democratizing AI development. The project operates on the Solana blockchain, leveraging its speed and scalability while maintaining robust security through zero-knowledge (ZK) technology.

Grass Network Technology Overview

The Grass Network consists of several key components:

• Grass Nodes: Process web scraping requests using unused residential bandwidth
• Validators: Verify transactions and generate zk-SNARK proofs
• Routers: Maintain secure connections between nodes and validators
• ZK Processors: Generate validity proofs and create immutable records
• Data Ledger: Store and manage structured datasets
• Edge Embedding Models: Transform scraped data for AI training

Grass Stage 1 Airdrop Claim Details

The initial stage of the Grass airdrop has concluded with remarkable success, becoming the most widely distributed airdrop on Solana with 2.8 million users across 190 countries. A total of 100 million GRASS tokens have been allocated for distribution.

Token Allocation:

• 9% to users who earned Grass points
• 0.5% to GigaBuds NFT holders
• 0.5% to Desktop Node/Saga Application users

Circulating Supply:

Community — 300,000,000

The GRASS community allocation is broken down into the following categories:

1. Future Incentives - 170,000,000

   1. Future Incentives will focus on retroactive programs that recognize early contributors and compensate creators who build valuable content or tools for the network.

2. Router Rewards — 30,000,000
   1. An initial pool of rewards has been set aside to incentivize routers and support early infrastructure development. This pool will help ensure that routers, which facilitate bandwidth traffic and reduce latency, are properly incentivized until the network matures and can sustain itself through network fees.
3. Airdrop One — 100,000,000
   1. The first airdrop is one of the most widely distributed airdrops in history and represents a crucial step toward building the first user-owned map of the Internet.

Foundation & Ecosystem Growth — 228,000,000

The foundation allocation of GRASS will be held by the foundation to support the ongoing operations of the Grass Network. The ecosystem allocation will be aimed at scaling the Grass ecosystem, through supporting community and growth initiatives like network upgrades, partnerships, research and development. This will be reserved for use as directed by DAO governance.

Early Investors — 252,000,000

Early supporters with a 1-year cliff and a 1-year vesting period. Locked tokens cannot be staked until they are vested.

Contributors — 220,000,000

Core contributors with a 1-year cliff and 3-year vesting, which includes current and future contributors. Locked tokens cannot be staked until they are vested.

How to Claim Stage 1 Rewards

1. Visit the official Grass airdrop claim page
2. Connect your eligible Solana wallet
3. View your claimable token amount
4. Accept the terms and conditions
5. Complete the claim process

Important Notes:

• Claiming deadline: January 15, 2025
• If experiencing network issues, try switching to QuickNode RPC
• Multiple wallet attempts may help resolve claim issues

Grass Stage 2 Airdrop Details

Building on the success of Stage 1, Grass has launched Stage 2 with enhanced rewards and new features. This phase allocates 17% of the total GRASS supply for future incentives, offering 50% more rewards compared to Stage 1.

New Features in Stage 2:

• Live Context Retrieval (LCR)
• Hardware innovations
• Mobile app launch
• Enhanced earning opportunities

Hyperliquid experienced significant net outflows, totaling approximately $250 million, following allegations regarding North Korean hackers being active on its platform.

On Monday, Taylor Monahan, a security researcher from MetaMask, shared on social media platform X that she identified several blockchain addresses operating on Hyperliquid linked to North Korea's cyber activities.

Monahan reiterated her offer to assist Hyperliquid in bolstering its defenses against these sophisticated threat actors, emphasizing the risks posed by North Korean groups known for their advanced hacking capabilities.

The platform's native token, Hype, also experienced volatility, dropping from a peak of $34.5 over the weekend to around $26 on Monday before recovering slightly to $29.63 by the time of reporting.

North Korea's state-sponsored hacking groups have been implicated in some of the largest cryptocurrency thefts, including the $600 million hack of the Ronin Ethereum sidechain in 2022. Hyperliquid's situation highlights ongoing concerns about security in the decentralized finance sector.

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