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Multicoin Cap
2026-09-30 00:15:37

Multicoin says it invested in Grass through hedge and venture funds

Multicoin Capital partner Shayon Sengupta said on Sept. 29 that the firm has invested in decentralized bandwidth network Grass through both its hedge fund and venture fund, describing the project as a reading layer for machine intelligence. In the post, Sengupta said Grass has spent roughly the past 18 months using crypto incentives to recruit contributors who share idle bandwidth, which is then used to query and parse the public internet and feed data into pipelines used by frontier labs. Citing figures from Grass, the post said more than 6 million contributors have received rewards denominated in U.S. dollars, with those payouts funded by revenue directly generated from their contributions. Grass reported $17 million in revenue for 2025 and another $17 million in the first half of 2026, while saying nearly all of its AI customers have made repeat purchases. The company also said the business is profitable and guided for $75 million in training-data revenue alone in 2026. Those figures were said to come from a July 7 call with token holders and network participants. Sengupta added that Grass plans to launch a Contents API that would let models open and render public pages through residential networks, along with a Search API and a web index. The post also said Grass has collected more than 1 billion public internet videos, with part of that dataset used alongside Multicoin portfolio company Inference.net to train a video-labeling model.

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Multicoin says it invested in Grass through hedge and venture funds
Coinbase
2026-08-26 21:08:44

Coinbase to list GRASS spot trading with GRASS/USD pair today

Coinbase said it will list GRASS for spot trading today and open the GRASS/USD pair. Trading will roll out in regions where it is supported once liquidity conditions are met. GRASS is the native token of Grass Network, a decentralized AI data layer designed to collect and verify web data through crowdsourcing for AI training. Users can earn GRASS token rewards by sharing unused bandwidth. The update outlines both the listing plan and the basic function of the project behind the token, with availability tied to regional support and market liquidity.

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Coinbase to list GRASS spot trading with GRASS/USD pair today
Yield Guild G
2026-07-31 21:02:31

YGG Play Goes Offline as Yield Guild Games Redirects Resources to AI Gaming Data

Yield Guild Games has shut down YGG Play, its web3 game publishing arm, with services ending on July 31 after an earlier wind-down notice from co-founder Gabby Dizon. The closure affects 35 jobs, and Dizon said departing employees would receive an additional eight weeks of pay. Titles and products tied directly to the unit, including LOL Land, Waifu Sweeper, the YGG Play platform, YGGPlay.fun, Launchpad, Community Questing, and the unit’s social channels, have been retired. At the same time, YGG said the move is part of a capital and strategy reset rather than a retreat from the guild itself. The company disclosed a $20.6 million treasury at the end of the first quarter, including $6.2 million in stablecoins, Treasury bills, and large-cap tokens, and said removing the unprofitable business extends its operating runway to four years. YGG is now shifting resources to the AI data economy, beginning with a business-to-business pipeline centered on gaming datasets. The guild said the closure was driven by market conditions, not product performance, even though YGG Play had generated more than $9 million in lifetime revenue by the end of Q1 2026.

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YGG Play Goes Offline as Yield Guild Games Redirects Resources to AI Gaming Data