The recently unveiled The Grid is a Web3 structuring and verification system, which could be the “map” data needed to make the blockchain world more accessible than ever before.
After seven years of working on this, The Grid is coming into the spotlight as a meta-standard that can help data platforms connect to the blockchain more effectively.
All of that should mean a more user-friendly interface, allowing less experienced Web3 users to feel comfortable exploring this space and – ultimately – more invested.
Co-founder Jonathan Knegtel told us Declutter: “Think of this as an evolution rather than a revolution. The Grid provides ecosystem metadata.
“Currently, you arrive in Web3 city and the logos and lights are everywhere, but little else. The Grid will pull up more information about that offering. Kind of like how Google Maps gives you information about the services that populate there, instead of just a name.”
The current ecosystem is a bit like Google Maps, with names that offer little else, leaving you with no idea how to tell a coffee shop from a hospital. The Grid wants to bring that into a more informative system.
The Grid’s first partner is Solana, which means it has indexed its projects and metadata. The goal is to be integrated more widely, but the other 60 specific Web3 partner companies have not yet been announced.
However, it has been enough to attract interest from platforms beyond Solana as its potential is recognized. Following an initial angel funding round that raised €600,000, this represents a pivotal point in standardization for the Web3 ecosystem.
So what makes The Grid so special? It pulls information from these websites and offers that data to front-end ecosystems. Knegtel readily admits that this is something that many LLMs could do.
“What makes The Grid different is that we use the Four Eyes principle. That means LLMs are used in the frankly unsexy work of data cleaning. But we also have human eyes to check and confirm what is returned. The result is a much higher quality dataset,” he said. “In an age where there is more and more unreliable AI information, The Grid offers a premium service that delivers reliability.”
The Grid is designed to provide systems where they are needed. That means current block explorers, wallets and exchanges can use the data to get clear descriptions of what products and services do. This is why Knegtel said The Grid doesn’t need to compete, but rather helps augment what’s already there. In fact, it can help in both directions.
“We have had blockchain requests about how best to work on standardization,” says Knegtel. “We can provide guidance that can lead to recognition at the blockchain level – to work with ecosystems where they may have previously struggled to get noticed.”
Although The Grid has partnered with Solana, it also offers its explorer and open source reference implementation.
The open core model and GraphQL API allow platforms to build their own ecosystem pages using that dataset from The Grid. This gives companies the ability to update and control the way data is managed across the ecosystem.
Edited by Stacy Elliott.
Credit : cryptonews.net
