Today The Graph launched Geo Genesis, a new application that aims to transform the way knowledge is organized in the Web3 space.
However, its GRT token is declining again after shaking off many bullish signals, and a full recovery seems as distant as ever. This news comes from a press release exclusively shared with BeInCrypto.
A New Web Application from The Graph
The Graph, an AI-driven Web3 data indexing firm, claims that Geo Genesis will greatly democratize and decentralize the growing tech sector. After launching its GRC-20 standard in late November, the company is ready to move on to more ambitious projects.
With Geo Genesis, users at any skill level can directly engage with a huge amount 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 fosters collaborative innovation across diverse technological ecosystems,” the press release stated.
For several years now, The Graph has ambitiously aimed to become “the Google of blockchain” through its high-tech Web3 data indexing. After launching its GRT token in 2023, this new asset became one of crypto’s top performers.
However, steady price declines have plagued its native asset in recent months.
Throughout much of 2024, every indication of forward momentum for GRT resulted in a decline. The crypto bull market in November gave it some breathing room, but bearish signals have returned in the past weeks.
However, the launch of Geo Genesis may help build forward momentum again. The Graph claimed that this new protocol will launch with an early access period, allowing editors and members to iron out any remaining kinks.
From there, the firm will turn over greater control, allowing users to customize governance frameworks for their own spaces.
Ultimately, the jury’s still out as to how well even a successful launch will boost the company’s fortunes. The Graph has never come anywhere close to matching its first price spikes when GRT launched.
Its developers have built graphs for more than 80 dApps on more than 80 blockchains, but the path to profitability remains unclear.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
