The Graph announces the establishment of new standards for Web3 data through the GRC-20 standard. GRC-20 is similar to Ethereum's ERC-20, but its goal is to standardize the data, information, and knowledge of Web3. This initiative will make Web3 more open, verifiable, and composable, laying the foundation for users to achieve a more comprehensive vision of decentralized applications. This move is seen as an important step in promoting the development of the Web3 ecosystem, and the market is optimistic about it.