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."
