Grass Token Holders Await July 7 Vote on Sharing $33M AI Data Revenue

Grass, a decentralized network that lets users sell their unused internet bandwidth to artificial intelligence companies, is generating $33 million a year in USDC revenue, according to Crypto Briefing. Despite that cash flow, GRASS token holders currently receive none of it — a situation that a governance vote scheduled for July 7 could change.

The vote will decide whether the network adopts a revenue-capture mechanism that routes a share of its stablecoin income to token holders. Crypto Briefing describes the outcome as effectively binary: either GRASS gains a direct claim on real business revenue, or it doesn’t.

From near-zero to a $33 million run rate

Grass’s revenue growth has been rapid. In the first quarter of 2025, revenue was close to zero, according to the report. It then climbed to roughly $2.75 million in the second quarter, about $4.3 million in the third quarter, and around $12.8 million in the fourth quarter, bringing the current annualized figure to $33 million.

The network’s model works by having users install a browser extension or run a node that contributes idle bandwidth. That bandwidth is used to collect publicly available web data, which AI companies then pay to access. Grass DataCo handles the commercial side and client contracts, while Wynd Labs operates as the underlying service provider, per Crypto Briefing.

Why the token and the business have been separate

GRASS currently functions as a governance, staking, and ecosystem-incentive token. The Grass Foundation has kept DataCo’s commercial operations separate from the token economy, meaning holders can vote and stake but have had no claim on the underlying revenue, the report notes.

The July 7 governance vote is meant to evaluate whether that structure should change through a formal revenue-capture mechanism. If approved, a portion of the network’s USDC earnings could begin flowing to token holders.

Airdrop and token unlock loom in the same window

According to Crypto Briefing, a Stage 2 airdrop distributing rewards in USDC is expected to begin around July 22, roughly two weeks after the vote. A separate token unlock worth $10.25 million is also anticipated around the same period.

That combination creates conflicting pressures for GRASS. New token supply entering the market can weigh on prices, particularly if the governance vote fails to deliver revenue sharing. Conversely, the report suggests that if the vote passes and the airdrop follows through with USDC payouts, the added supply from the unlock could matter less against improved sentiment.

If approved, GRASS would join a small group of tokens with a direct link to stablecoin revenue sourced from customers outside the crypto industry. A confirmed $33 million revenue run rate also gives analysts a concrete figure to work with when assessing the token’s value, according to Crypto Briefing.