Grass
Summary
Grass is a Solana-based decentralized physical infrastructure network (DePIN) developed by Wynd Labs that pays users GRASS tokens in exchange for contributing unused internet bandwidth, which is then sold to AI companies and research institutions for large-scale public web scraping. The project launched in June 2023, completed a $3.5M seed round and a subsequent $10M bridge round backed by Polychain Capital and Tribe Capital, and executed its first major token airdrop in October 2024. While the project reports meaningful revenue growth and legitimate enterprise customers, it operates in a legally grey area involving residential proxy networks, carries unanswered questions about code transparency, and its token has declined approximately 94% from its all-time high amid sustained unlock pressure.
Connected Entities
1 entities · 10 linked investigations- + 3 more
Timeline(13 events)
2022-01-01
Wynd Labs (originally Wynd Network) founded by Andrej Radonjic and Christopher Nguyen; began development of the Grass bandwidth-sharing concept.
UseTheBitcoin profile of Andrej Radonjic2023-06-01
Grass browser extension publicly launched, enabling users to earn points by sharing unused bandwidth.
DePIN Scan project overview2023-12-01
$3.5 million seed round closed, co-led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, Mosaik, and No Limit Holdings.
crypto.news2024-01-01
Lower Tribeca Corp files SEC Form D declaring $2.1 million of exempt securities.
BehindMLM — Grass Review2024-09-05
Grass publishes airdrop eligibility checker; widespread community backlash erupts over low per-user token allocations due to the 2.8 million user base diluting the 100 million token pool.
BeInCrypto2024-09-01
Series A funding round closed, led by Hack VC; amount undisclosed.
DropsTab fundraising data2024-10-28
GRASS token generation event (TGE) and Airdrop Season 1 claim date. 100 million GRASS distributed to 2.8 million users. Phantom wallet experiences a nearly three-hour outage due to claim volume. GRASS token begins trading.
DePIN Scan / BeInCrypto2025-04-02
$10 million bridge round raised from Polychain Capital and Tribe Capital, structured as a direct token purchase — Polychain's third investment in the company.
Blockworks (via PANews mirror)2025-06-01
Grass reports Q2 2025 revenue of approximately $2.75 million, growing from near-zero in Q1, with approximately 20 enterprise clients including major AI labs.
Grass Token Holder Call #1 / Ventureburn2025-09-01
Q3 2025 revenue reported at approximately $4.3 million; network reaches approximately 8.5 million monthly active nodes.
Blockworks / Ventureburn reporting2026-01-27
Airdrop Season 2 details announced: 170 million GRASS tokens to be distributed gradually over H1 2026, with a snapshot window of mid-November to mid-December 2025.
DePIN ScanDecision Log
- hash: AQDJ8Uvq5fxFFdTmP5eqSCc1dgxaDEJUAnDSbK1cgEeY
- hash: 5exQ4YqCXYr6EykCWqSANpca6Rsi9LAMLiMpzabGMUXk
- hash: 9WCFbC7wEuzU1QZaTDqjGiwKJ2eMxhHqBQgY9s1tuWCX
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 1:00:48 PM
last updated: 6/1/2026, 5:45:19 PM
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