The invention discloses multifunctional wheatgrass paint, a preparation method thereof and a wall construction method of the paint. Each ton of wheatgrass paint is prepared from, by weight, 100-150Kgof water, 1-3Kg of hydroxyethyl cellulose, 5Kg of coalescing agents, 4-8Kg of propylene glycol, 1-3Kg of mildew-resistant synergists, 1-2Kg of multifunctional additives, 1-2Kg of defoaming agents, 1-2Kg of polyurethane rheological modifiers, 90-140Kg of RS silicone acrylic emulsion, 1-4Kg of thickening agents, 2-3Kg of leveling agents, 0-3Kg of ethylene glycol monobutyl ether, 300-500Kg of nano-calcium carbonate, 30-80Kg of diatomite, 15-20Kg of nano-zinc oxide, 15-20Kg of vermiculite, 15-30Kg of shell powder, 1-6Kg of rutile titanium dioxide, 200-300Kg of natural round sand and 1-8 parts of mildew-resistant specially-made wheatgrass. Color paste is added according to actual color depth requirements of the wheatgrass paint. The wheatgrass paint has a plurality of functions of antique ecological decoration, adsorption moisture regulation and long color retention, the mildew-resistant specially-made wheatgrass is stewed and soaked to prepare the wheatgrass print which is fine and can beused for inner wall decoration, the mildew-resistant specially-made wheatgrass is soaked to prepare the wheatgrass print which is rough which can be used for outer wall decoration.