**News Flash: The Graph Unveils GRC-20 for Web3 Data Standardization**

The Graph, a decentralized indexing platform akin to Google for blockchains, has launched a new data standard for Web3 called GRC-20. This initiative aims to redefine how data is structured and shared across decentralized applications. The GRC-20 standard, proposed by developer Yaniv Tal, seeks to replace the existing Resource Description Framework, which falls short for Web3 needs.

Key elements of GRC-20 include Spaces, Entities, Relations, and Types, which help organize and structure data. The Graph plans to release tools to support this standard soon, with the proposal currently open for public feedback.