The Graph Launches Geo Genesis Amid Market Uncertainty
Today, The Graph launches Geo Genesis, a new application designed to change the way knowledge is organized in the Web3 space.
However, its GRT token has fallen again after shrugging off many bullish signals, with a full recovery still looking elusive. The news comes from a press release shared exclusively with BeInCrypto.
New web app from The Graph
The figure, a Artificial Intelligence Powered Web3 Data Indexing Companyclaims that Geo Genesis will greatly democratize and decentralize the growing technology industry. back The GRC-20 standard will be launched at the end of Novemberthe company is ready for more ambitious projects.
With Geo Genesis, users of any skill level can work directly with large amounts of Web3 data.
“Web3 is fundamentally about information, and the launch of Geo Genesis marks the realization of a decentralized platform where knowledge is organized into dynamic, interconnected knowledge graphs. This approach facilitates seamless data sharing and facilitate collaborative innovation across diverse technology ecosystems.”
For several years, The Graph has ambitiously worked to become “The Google of blockchain” through its High-tech Web3 data indexing. back Launch GRT token in 2023the new asset became one of the best-performing assets in cryptocurrencies.
However, Prices falling steadily has plagued its home-grown assets in recent months.
For most of 2024, Every sign of forward momentum GRT causes decline. this Cryptocurrency Bull Run in November It was given some breathing room, but the bearish signals have returned over the past few weeks.
However, the launch of Geo Genesis may help build forward momentum again. The Graph claims that this new protocol will launch during an early access period, allowing editors and members to resolve any remaining issues.
From that point on, the company will hand over greater control, allowing users to customize the governance framework for their space.
Ultimately, the jury is still out on how much a successful product launch can boost a company’s fortunes. The Graph’s price never came close to GRT’s first price surge when it was launched.
Its developers have built charts for more than 80 dApps on more than 80 blockchains, but the path to profitability remains unclear.
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