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Multicoin Capital has invested in Grass, a decentralized physical infrastructure, or DePIN, project, through its hedge fund and venture fund, general partner Shayon Sengupta said.
Grass uses users’ idle internet bandwidth to collect, process and provide public web data, and is already being used in data pipelines at major AI companies. Sengupta said Grass could be used not only for AI training data, but also to help AI models and agents retrieve up-to-date web information needed for responses or tasks. Sengupta added that the market could be much larger than the training data market as requests occur repeatedly. The investment size and specific use of funds were not disclosed.