Multicoin Capital Invests in DePIN Project Grass

Multicoin Capital announced an investment in the DePIN project Grass, which aggregates idle home network bandwidth from over 6 million contributors to scrape and parse public internet data. Grass provides training data for AI models and is expanding into real-time context retrieval for AI agents through upcoming APIs. The project reported $17 million in revenue for 2025 and the first half of 2026, with projected annual revenue of $75 million for 2026 from its data business.