$GRASS is one of the most interesting tokens at the intersection of crypto and AI as it 1) plays a critical role across model training and usage, 2) has a triple digit annual growth rate, and 3) is trading at ~6x forward revenue with strong gross margins despite the above. In my opinion, as revenue growth accelerates in the second half of the year, new product releases (LCR) approach, and the team takes the market's feedback to heart and increases the cadence of financial and traction updates, we will likely see a re-rating to closer to my own estimate of fair value which is approximately $GRASS at $1.50. Grass Network is a direct beneficiary of continued growth in AI usage by both providing the major frontier labs the structured data needed for model pretraining and also as it expands its product set to provide real-time data to models during inference. One of the major pushbacks to Grass has been the lack of frequent updates of their financial progress which is a reason Grass is still trading at what is in my opinion such an attractive relative valuation. I think the team recognizes this dynamic and this report is them hearing the market's feedback and making the right adjustments. Great sign when an exceptional team recognizes the areas for improvement and levels up.