Internet bandwidth monetization startup Wynd Network has completed a $3.5 million seed round of financing, led by Polychain Capital and Tribe Capital.

BlockBeats News, December 19th, Wynd Network, a startup company focused on allowing users to earn money by selling unused internet bandwidth, recently announced the completion of a $3.5 million seed round of financing. The round 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. Wynd Network's Chief Technology Officer, Chris Nguyen, said that Grass will produce data sets that can be traced back to their origins, enabling people to be fairly compensated for their contributions to the network. Nguyen told DL News, "We have explored many ways to make public web data more accessible to open source AI projects, and we believe that decentralization is the only ethical and efficient way to achieve this goal." According to reports, Grass currently allows users to earn points by providing unused internet bandwidth through a web browser extension, which will be "traceably converted into 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 said that once the product exits beta, users will be able to earn up to $30 per month by selling bandwidth.