Today we launched The Graph Geo Genesis, a new application that aims to transform the way knowledge is organized in the Web3 space.
However, its GRT token is once again falling after shaking off several bullish signals, and a full recovery seems as far away as ever. This news comes from a press release shared exclusively with BeInCrypto.
New web app from The Graph
The Graph, an AI-powered Web3 data indexing company, claims Geo Genesis will dramatically advance democratization and decentralization in the growing tech sector. After launching the 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 interact with a massive amount of Web3 data.
“Web3 is fundamentally about information and the launch of Geo Genesis represents the realization of a decentralized platform where knowledge is organized into dynamic, interconnected graphs. This approach facilitates seamless data sharing and fosters collaborative innovation across diverse technology ecosystems,” the press release said.
For several years now, The Graph has been ambitiously aiming to become the “Google of blockchain” by indexing high-tech Web3 data. After launching the GRT token in 2023, this new asset has become one of the best performers in the crypto space.
However, the continued declines in prices have troubled its original assets in recent months.
Throughout most of 2024, every sign of forward momentum for GRT has led to a decline. The November crypto bull run gave some breathing room, but bearish signals have returned in recent weeks.