Internet bandwidth monetization startup Wynd Network completed a $3.5 million seed round led by Polychain Capital and Tribe Capital
On December 19th, Wynd Network, a startup company focused on allowing users to earn money by selling unused internet bandwidth, announced the completion of a $3.5 million seed round of financing. This round of financing was led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik.
The company's first product, Grass, is a decentralized web crawler network designed to help companies and non-profit organizations train artificial intelligence. Chris Nguyen, Wynd Network's chief technology officer, said that Grass will produce data sets that can be traced back to their origins, allowing people to be fairly compensated for their contributions to the network.
Nguyen told DL News: "We have explored many ways to make public network data more accessible to open source AI projects, and we believe that decentralization is the only ethical and efficient way to achieve this goal."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Raydium Launches Perpetual Futures Trading on Solana with Zero Gas Fees
Hot employment report leads stocks lower, at least for now
Odds of an interest rate cut later this month are all but out the window
Hugging Face reached a settlement with FriendliAI which accused it of patent infringement
Share link:In this post: FriendliAI agreed to dismiss its lawsuit with prejudice. The Korean AI startup claimed Hugging Face violated one of its patents. Meanwhile, Microsoft released its latest language model Phi-4 on Hugging Face.
US regulator proposes stronger protections against crypto payment fraud and surveillance
Share link:In this post: US regulators have introduced two proposals to protect users who make digital payments from data harvesting. CFPB leadership is likely to change with Trump’s assumption of office. Uncertainties shred the fate of the proposal.