Summary:
The Grid is a new Web3 structuring and verifying system, acting as a crucial "map" for blockchain data.
Co-founder Jonathan Knegtel describes it as an evolution providing ecosystem metadata.
The Grid aims to offer a more user-friendly interface for less Web3-savvy users.
Initial partnership with Solana and funding of €600,000 highlight its potential.
Utilizes the Four Eyes principle for high-quality, reliable data.
Introduction
Newly unveiled The Grid is a Web3 structuring and verifying system, acting as a crucial "map" for blockchain data, making the blockchain world more accessible than ever.
Evolution of Blockchain Navigation
After seven years of development, The Grid is stepping into the limelight as a meta standard that enhances how data platforms connect to the blockchain. The goal is to create a more user-friendly interface that helps less Web3-savvy users to explore and invest in this space confidently.
Co-founder Jonathan Knegtel stated, "Think of this as an evolution rather than a revolution. The Grid provides ecosystem metadata. Currently, you arrive in the Web3 city, and its logos and lights are everywhere, but little else. The Grid will pull in more information on those offerings, similar to how Google Maps provides details about services in a location, rather than just names."
The Need for Information
The current ecosystem resembles Google Maps with only names, leaving users unaware of distinguishing features between services, such as a coffee shop and a hospital. The Grid aims to transform this into a more informative system.
Partnerships and Funding
The Grid's first partnership has been with Solana, allowing it to index its projects and metadata. While plans for integration with other Web3 partner companies remain undisclosed, the initial angel funding of €600,000 signifies a pivotal moment for standardization within the Web3 ecosystem.
Unique Features of The Grid
What sets The Grid apart? It aggregates information from various websites and offers it for front-end ecosystems. Knegtel emphasizes the Four Eyes principle, combining LLMs for data cleaning with human verification for a higher quality data set. He explained, "In an age of unreliable AI information, The Grid offers a premium service that delivers reliability."
The Grid is designed to cater to systems at their points of need, allowing block explorers, wallets, and exchanges to pull clear descriptions of products and services, thereby augmenting existing systems rather than competing with them.
Open Source and Customization
The Grid also offers an open-source reference implementation and a GraphQL API, empowering platforms to build their own ecosystem pages using The Grid's data. This flexibility enables firms to manage and control their data effectively across their ecosystems.
Edited by Stacy Elliott.
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