I will discuss an innovative way to earn passive income using your unused internet bandwidth. This is made possible through a crypto project called Grass Network, which utilizes Artificial Intelligence (AI) technology.
So, what exactly is Grass Network and how does it relate to AI and crypto? In simple terms, Grass Network is a decentralized network of nodes that allows users to sell their unused internet bandwidth to AI companies. These companies utilize the internet to scrape and collect data, as well as train their AI models. As a participant in the Grass Network, you get paid for lending out your internet bandwidth. This network provides AI companies with a decentralized and efficient way to train their models.
There are several reasons why Grass Network is intriguing. Firstly, it already boasts a user base of 700,000 individuals, which is quite substantial. Furthermore, Grass Network addresses real-world problems by leveraging exciting technologies such as crypto and AI. This combination fits perfectly within the realm of this crypto channel, as we explore practical applications of crypto in various industries.
To better understand Grass Network’s role in AI, let’s examine the following diagram from their documentation. The internet contains vast amounts of data, which AI models require to be processed and made readable. Grass Network exists in this data layer, ensuring that web data is prepared for AI models’ training. You may wonder, why don’t these AI companies simply purchase GPUs or rent server space to perform these tasks? The answer lies in several challenges that Grass Network helps address.
Many of the largest websites today have private centralized AI entities, such as Google, Microsoft, and Facebook. These entities often make it difficult for smaller AI labs to scrape their data. For instance, Reddit has made its API exorbitantly expensive, rendering it unaffordable for many AI companies. Additionally, measures are taken to prevent scraping through other means. However, a decentralized network like Grass Network presents a unique solution. Unlike a single data center scraping a website, Grass Network utilizes hundreds of thousands of individual internet users, making it harder to block or censor access. This allows smaller AI companies to gather data and train their models more effectively.
Now, let’s explore the role of crypto in Grass Network. Building a decentralized network requires incentivizing individuals to run the network’s decentralized nodes. This initial phase can be challenging since there may not be enough customers to generate significant revenue. Crypto solves this “chicken and egg” problem by offering network tokens to participants. These tokens hold value, as they can be sold immediately. Therefore, individuals are motivated to set up nodes and contribute to building the network before substantial revenue is generated. This approach aligns with the standard practice of early decentralized networks, like early Bitcoin miners who received new Bitcoin emissions as a means to bootstrap the network.
In my opinion, Grass Network is an exciting project. I have personally installed it and will now show you how to set it up. To begin, you can find a referral link https://app.getgrass.io/register/?referralCode=sSACF0ZpWuLxTT1. Although I have no affiliation with Grass Network, using the referral link would be appreciated if you found this article helpful. Upon registration, you will be directed to a dashboard, indicating the devices within your Grass Network “farm.” Currently, the grass points you accumulate are not transferable or redeemable. However, it is expected that these points will eventually convert into tokens with value.
To start earning, you need to download the Grass Network extension from the Chrome Store. You can find the link on the Grass Network website. Once added to your browser, log in to your Grass Network account and start earning points. It is as simple as letting the extension run in the background on your computer.
I understand that some may have concerns about installing new software on their computers. To mitigate any potential risks, I installed the Grass Network extension on an old laptop rather than my primary device.
Finally, I highly recommend using the Grass airdrop referral code “sSACF0ZpWuLxTT1” when registering at https://app.getgrass.io/register/?referralCode=sSACF0ZpWuLxTT1 to earn a stake in the AI Revolution.