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 falling again after rejecting numerous bullish signals, and a full recovery seems further away than ever. This news comes from a press release shared exclusively with BeInCrypto.
A new web application from The Graph
The Graph, an AI-powered Web3 data indexing company, claims that Geo Genesis will significantly democratize and decentralize the growing technology sector. After launching its GRC-20 standard at the end of November, the company is ready to embark on more ambitious projects.
With Geo Genesis, users of all skill levels can directly interact 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 transparent data sharing and fosters collaborative innovation across diverse technology ecosystems,” the press release states.
For several years, The Graph has ambitiously aimed to become “the Google of blockchain” thanks to its high-tech Web3 data indexing. After the launch of its GRT token in 2023, this new asset has become one of the most successful in crypto.
However, the steady price decline has hit its native asset in recent months.
For much of 2024, every indication of positive GRT momentum has resulted in a decline. The crypto bull market in November gave it some breathing space, but bearish signals have returned in recent weeks.
However, the launch of Geo Genesis could help reignite the momentum. The Graph claimed that this new protocol would launch with an early access period, allowing publishers and members to work out remaining issues.
From there, the company will exercise greater control, allowing users to customize governance frameworks for their own spaces.
Ultimately, the jury is still out on how much even a successful launch will improve the company’s fortunes. The Graph has never been closer to matching its initial price increases at GRT’s launch.
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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