Hex Trust, a prominent digital asset solution provider catering to institutional finance and the Web3 ecosystem, has announced a strategic partnership with Grass.
Grass is a revolutionary decentralized infrastructure network that is spearheading the development of the first open internet capable of scaling web crawl operations.
This collaboration aims to leverage Hex Trust’s robust service provision and custodial capabilities within the Solana and SPL ecosystems, furthering Grass’s mission. Specifically, Hex Trust will support the Grass Foundation during their much-anticipated token generation event (TGE), enhancing Grass’s operational effectiveness and outreach.
Hex Trust is renowned for its exemplary support to foundations, marked by rigorous regulatory compliance and extensive multi-jurisdictional licensing. It offers institutional clients secure and insured environments to access, trade, store, and stake digital assets, including the upcoming offerings from Grass.
Grass revolutionizes the collection, ownership, and utilization of web data for AI model training. It enables node operators to earn passively through a user-friendly desktop app or web extension, which collects unstructured web data, indexes it, and makes it available for sale to AI platforms needing specific training datasets. The protocol has successfully attracted over 2 million node operators who contribute their idle internet bandwidth to the network.
The global big data market, expected to triple by 2027, has seen a corresponding surge in AI product demand. Grass addresses the escalating costs and scarcity of quality data, which has traditionally been controlled by a few centralized entities. By decentralizing data collection, Grass not only enhances data availability but also ensures that contributors gain ownership within the network.
Calvin Shen, managing director at Hex Trust, commented, “Our partnership with Grass is a strategic move to provide an integrated solution that combines custody, staking and prime solutions. This integration allows us to offer a more streamlined and secure experience for our clients, meeting the evolving demands of the digital asset market.”
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