Web3 Startup The Grid Is Building Google Maps for Blockchain Data
Summary
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 andultimatelyinvesting more.Co-founder, Jonathan Knegtel, told Decrypt: "Think of this as an evolution rather than a revolution. "The current ecosystem is a bit like Google Maps with names that offer little elseleaving you no idea how to tell a coffee shop from a hospital. It aims to be integrated on a larger scale, but the other 60 specific Web3 partner companies have not yet been announced.Its 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 crucial point in standardization for the Web3 ecosystem.So what makes The Grid stand out? That means current block explorers, wallets and exchanges can leverage the data to pull in clear descriptions of what products and services do.