Newly unveiled The Grid is a Web3 structuring and verifying system, which could be the “map” data needed to make the blockchain world more accessible than ever before.
After working on this for seven years, The Grid is coming into the limelight as a meta standard that can help data platforms connect to the blockchain more effectively.
All that should mean a more user friendly interface that allows less Web3 savvy users to feel comfortable exploring this space and—ultimately—investing more.
Co-founder, Jonathan Knegtel, told Decrypt: “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. A bit like how Google Maps gives you information about the services populated there, rather than just a name.”
The current ecosystem is a bit like Google Maps with names that offer little else—leaving you no idea how to tell a coffee shop from a hospital. The Grid aims to bring that into a more informative system.
The Grid’s first partner has been Solana, meaning that it has indexed its projects and metadata. It aims to be integrated on a larger scale, but the other 60 specific Web3 partner companies have not yet been announced.
It’s been enough, though, to garner interest from platforms beyond Solana as the potential has been recognized. Following an initial angel funding round that reached €600,000, this represents a c…
