I have a better understanding of: Farcaster, Berachain, Monad, Grass

Most of them are public chain infrastructure projects. The last one, Grass @getgrass_io, is quite special; it's an AI + data platform project deployed on Solana, which has been very popular. Everyone should have heard of it to some extent. They announced the latest round of Series A financing on September 21, led by @hack_vc, and insiders revealed that the valuation for this round of financing is nearly 1 billion USD.

The reason Grass initially gained popularity was because of a gimmick about 'sharing idle bandwidth to earn pocket money.' These few words are indeed very attractive. I also researched this project because of them. The main reason is that most people have idle devices or bandwidth at home. If we can utilize these idle devices and bandwidth to earn some airdrop rewards, why not?

To briefly explain Grass's business model: first, it incentivizes users to run Grass nodes through 'token rewards' to contribute idle bandwidth; then it uses the idle bandwidth contributed by users to collect public quality data from the internet; finally, it sells this quality data to enterprises that require data (such as AI large models, machine learning, healthcare, education, and finance) to achieve profitability.

In terms of financing, Grass has publicly disclosed a total financing amount of 4.5 million USD, with the latest valuation at 1 billion USD. Leading institutions include Polychain, Hack VC, No Limit Holdings, and Tribe Capital; participating institutions include Delphi Digital, Bitscale Capital, Big Brain Holdings, Cogitent Ventures, Brevan Howard Digital, Lattice Capital, Builder Capital, and Typhon Ventures.

According to the latest data released by the official source, there are currently over 2 million users running nodes on Grass, sharing idle bandwidth resources. This means that the airdrops released by Grass may reach at least over 2 million users, which could be one of the most widespread figures among recent airdrop projects. I personally look forward to Grass's airdrop, although recently counter-airdropping has become the norm. However, for high-valuation projects like Grass, the probability of a large distribution is still relatively high. After all, with a high valuation, there is more money to distribute to users.

OKX launched pre-trading for $GRASS last week. The current pre-trading price is about 1 USD. Based on the total token supply of 1 billion, the total market cap corresponding to the current pre-trading price is also 1 billion, which is similar to the latest round of institutional financing valuation. This valuation is still relatively reasonable.