The decentralized internet proxy network Wynd Network has completed a $3.5 million seed round financing, led by Polychain Capital and Tribe Capital

ChainCatcher news, the decentralized internet proxy network Wynd Network recently announced the completion of a $3.5 million seed round financing, 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 crawling network designed to help companies and non-profit organizations train artificial intelligence. Wynd Network's Chief Technology Officer Chris Nguyen stated that Grass will produce datasets traceable to their origins, allowing people to be fairly compensated for their contributions to the network.

Grass currently allows users to provide unused internet bandwidth through a web browser extension to earn points, which will be "retroactively converted to network ownership" at the end of the product's beta phase. Many observers expect that Grass will transfer network ownership to early users through tokens, similar to many decentralized autonomous organizations or DAOs. Wynd Network stated that once the product's beta phase ends, users will be able to earn up to $30 per month by selling bandwidth.