
Multicoin Capital invests in DePIN project Grass (GRASS)
- —Multicoin Capital invested in GRASS via its hedge and venture funds; the amount was not disclosed
- —Grass network has more than 6 million contributors who share unused internet bandwidth
- —Multicoin sees growth potential in real-time data retrieval for AI models and agents
- —The fund says that market could be several times larger than the pretraining data market
Why it matters: A major crypto fund backing DePIN-for-AI infrastructure signals growing institutional interest in the sector and could support GRASS.
Source: Bloomingbit
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