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first_img Multicoin announced an investment in the bandwidth sharing network Grass

On September 29, Shayon Sengupta, a partner at the cryptocurrency investment firm Multicoin Capital, stated that Multicoin has invested in the decentralized bandwidth network Grass through its hedge fund and venture capital fund, referring to it as the reading layer of machine intelligence. Over the past 18 months, Grass has recruited contributors to share idle bandwidth through crypto incentives for querying and parsing the public internet, connecting data to the data pipeline of frontier labs.The article cites a report from Grass itself, stating that over 6 million contributors have received rewards denominated in USD, funded by the revenue generated directly from their contributions. Grass reported revenues of $17 million in 2025, with another $17 million recorded in the first half of 2026, with nearly all AI clients making repeat purchases. Grass claims the business is profitable and projects that revenue from training data alone will reach $75 million in 2026, with relevant figures coming from its call on July 7 to token holders and network participants.Sengupta wrote that Grass plans to launch a Contents API, allowing models to open and render public pages through residential networks, and plans to introduce a Search API along with web indexing. Grass has collected over 1 billion public internet videos, some of which are used with Multicoin portfolio company Inference.net for training video annotation models.

first_img Nvidia suspends part of its revenue-sharing financing arrangements with AI cloud companies

According to the Wall Street Journal, Nvidia has suspended some transactions in its new financing plan. This plan aims to provide credit support to AI cloud companies in exchange for revenue sharing. Insiders say that the chip giant withdrew from the related arrangements last week but may adjust the plan in the future or incorporate it into other projects.A Nvidia spokesperson stated that the new business model aimed at the rapidly growing AI ecosystem and open computing power access is still progressing and continues to evolve due to strong demand. The plan was announced less than two months ago, intending to support the financing needs of small AI cloud companies: if customers cannot sell computing power, Nvidia can lease back the relevant computing power, acting as a guarantee buyer, thereby facilitating companies in raising funds to purchase Nvidia AI chips; Nvidia would then share cloud revenue generated by customers based on its chips, in addition to hardware sales.Nvidia stated in this week's earnings call that this model is expected to contribute billions of dollars in revenue in the medium to long term. However, recent investor scrutiny regarding its capital flow back to the AI ecosystem has increased, raising concerns that so-called circular transactions may inflate demand. Reports indicate that some employees had expressed antitrust concerns to customers; in the early stages of the plan, Nvidia also faced dissatisfaction from some potential partners due to attempts to limit chip rental targets, preferring to distribute to multiple small customers rather than a single large customer, and requiring a 50% revenue share after reaching a certain threshold.

The Hyperliquid USDC reserve income sharing mechanism will launch on August 26, with an expected annual contribution of $200 million to buy back HYPE

The AQAv2 stablecoin model protocol of Hyperliquid has previously received support from 19 out of 26 validators, and the relevant mechanism is expected to officially start accruing yields on August 26. Meanwhile, Circle has transferred approximately $4.4 billion USDC to Coinbase via the AQAv2 mechanism on HyperEVM, setting a record for the largest single USDC transfer on HyperEVM.If everything proceeds as planned, the yields generated by AQAv2 will begin accruing on August 26, with the first payment expected to enter the Assistance Fund on October 3. AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins, including USDC, which are not exclusively issued by Hyperliquid, to qualify as "Aligned." According to public information, most of the stablecoin yields from AQAv2 will be returned to the Hyperliquid ecosystem, with 90% of the yields allocated to the relevant mechanism, and subsequently, 100% used for the buyback and destruction of HYPE tokens.Coinbase has been designated as the fund deployment party, while Circle is responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. The mechanism previously required stablecoins to be exclusive assets of Hyperliquid, but AQAv2 has removed this restriction and will focus on the HIP-4 standardized market and the perpetual contract market operated by validators. According to relevant public disclosures, AQAv2 is expected to generate up to approximately $200 million in revenue and further enhance token value capture through the HYPE buyback and destruction mechanism.

X launches an original content reward program, the old revenue sharing plan will end on September 7

The X platform has announced the launch of the Original Content Rewards Program, aimed at rewarding creators who bring original perspectives, expertise, reporting, creativity, and commentary to the platform.X stated that, effective immediately, new users will no longer be able to join the original revenue sharing program. Existing revenue sharing program users can continue to earn revenue until September 7, during which three final payments will be made on August 14, August 28, and approximately September 11.Starting September 8, eligible existing creators can apply to join the new Original Content Rewards Program. The new program will distribute earnings based on the qualified exposure generated by the creator's original content, with rewards issued every two weeks, and the first payment expected to be issued on August 28.To apply for the Original Content Rewards Program, the following conditions must be met:Must be at least 18 years old;Reside in a country or region supported by the program;Account must be in good standing, with no multiple violations of revenue standards or service terms;Must have a personal or business account;Must subscribe to X Premium, Premium+, or Premium Business;Must have at least 500 verified followers;Must have achieved at least 500,000 impressions from verified users on the home timeline in the past 90 days (excluding reply impressions);Must continuously publish original content.
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