**[Multicoin Announces Investment in DePIN Project Grass, Optimistic About AI Real-Time Data Retrieval Market]** BlockBeats News, September 30 — Multicoin Capital announced that its hedge fund and venture capital fund have invested in the DePIN project Grass, positioning it as the "read layer for machine intelligence." Over the past 18 months, Grass has recruited users to share idle network bandwidth through crypto incentives, enabling the querying and parsing of the public internet. The project has already been integrated into the data processing workflows of several cutting-edge AI labs. Grass disclosed that over 6 million contributors have received dollar-denominated rewards supported by network revenue. The project achieved $17 million in revenue in 2025, with revenue for the first half of 2026 also reaching $17 million. The business is currently profitable and projects that revenue from training data alone could reach $75 million in 2026. Multicoin believes that the market currently views Grass primarily as a proxy network providing pre-training data to AI labs but has yet to fully recognize its potential in real-time retrieval during the inference stage. Grass plans to launch content APIs, search APIs, and web indexing to enable AI models and agents to access real-time web information. Its system has already collected over 1 billion public videos. [Original Link]