Multicoin Capital Invests in Decentralized Bandwidth Network Grass

Multicoin Capital has invested in Grass, a decentralized bandwidth network described as a reading layer for machine intelligence. Grass utilizes idle bandwidth from over 6 million contributors to query and parse public internet data for AI pipelines. The company reported $17 million in revenue for 2025 and expects to reach $75 million in training data revenue by 2026. Future plans include launching a Contents API, a Search API, and web indexing capabilities.