On November 30th, COINOTAG reported significant developments in the Web3 ecosystem as The Graph unveiled its initiative to establish a **new data standard** through the introduction of **GRC-20**. This innovative framework aims to act as a **universal language for Web3 data**, facilitating interoperability among various decentralized applications. Mirroring the impact of **ERC-20** on Ethereum’s value representation, GRC-20 is set to enhance the **standardization of data, information, and knowledge** across the decentralized web. By doing so, it seeks to empower users to harness the full potential of an **open** and **verifiable Web3**, transforming conceptual frameworks into practical applications. This pivotal move resonates with the growing emphasis on **data integrity** and **composability** in the blockchain sector, positioning The Graph as a key player in the evolution of digital ecosystems.
Source: https://en.coinotag.com/breakingnews/the-graph-introduces-grc-20-pioneering-a-universal-data-standard-for-web3/