Web3Graph: The advanced event-driven open graph for Web 3.0
Can you imagine a more democratic, more open and more transparent web? This is the long-awaited Web 3.0, the third generation of the Internet where websites and applications will be able to process information in a more intelligent way.
After Web 2.0, we are moving towards an Internet that is more accessible from all types of devices. Web 3.0, however, is at an inflection point with the increased adoption and growth of the world moving towards blockchain technology.
Web3Graph bridges precisely that gap between the Web 3.0 and Web 2.0 world. Web3Graph protocol applications can quickly and accurately discover and record various complex business behaviors, social relationships and content.
Open Graph
Based on smart contracts and a powerful off-chain event engine, Web3Graph provides open event-based graphs for developers and decentralized applications.
From this point, developers can directly integrate the Web3Graph protocol to create their own project functions and capture the graphical content of events and relationships generated by existing Web 3.0 applications in the Web3Graph protocol, ultimately launching their own applications.
The protocol not only provides social graph content for social application developers, it also establishes a unified, open and secure data standard for future dapps within Web 3.0, providing a database for GameFi, DeFi, SocialFi, DAO, and more.
Its core function is to provide graphical information to Web 3.0 natives, bringing Web 3.0 developers a fast and accurate way to exchange and present information and data for web applications.
A new system architecture for easier interconnectivity
Web3Graph has created API components that allow developers as well as applications to access smart contract data on the blockchain in a more convenient way.
The API provides developers with an easier way to access Graph data and in turn a unified way for both Web 3.0 and 2.0 developers to access it.
A map that connects people to applications
In this way, it is possible for Open Graph to present a person’s social behavior and relationships, reflecting their status in social life. It is a network graph or map that connects people to different things indicating “I know you.” a
The key to social applications is to help users build and maintain relationships, and Open Graph illustrates how relationships are built and maintained through “things” that people care about or are involved in.
However, Open Graph is best suited for expressing individual social relationships, such as the behavior and actions of one person with an object or one person with another. But for complex group activities, it is not applicable due to the complexity of expression.
In simpler words, the protocol describes the behavior and social relations of a person, reflecting his or her status in social life, as an open graphical protocol for Web 3.0.
A more sophisticated economic model
The system is comprised of four roles, and contributors and users are not separated. Dapp developers can develop applications according to the Web3Graph protocol to build the unique features of their own projects while getting the corresponding incentives.
And, on the other hand, these developers can also use the data to perform analysis and recommendations, and draw on all data based on actual user behavior to quickly launch their own applications. Therefore, developers are likely to become both developers and consumers.
The growing popularity of Web 3.0
Ultimately, the overall goal of Web 3.0 is to move beyond the current form of the Internet, in which the vast majority of data and content is controlled by large technology companies, to a more decentralized environment in which public data is more freely accessible and personal data is controlled by individuals.
Web 2.0 companies will wake up and try to enter Web 3.0. We are already seeing this with Facebook trying to reformulate itself as a Web 3.0 company. We are likely to see other large Web 2.0 companies dive into Web 3.0 and metaverses in 2022. However, many of them are likely to self-sabotage their efforts by creating centralized, closed network versions of the metaverse.
What is certain is that, even from the advent of Web 3.0 the opportunity to use information more intelligently is unparalleled. By replacing the traditional social graph, Web3Graph is ensuring the viability of event data-based analysis and making it available to all Web 3.0 developers.
About Web3Graph
Web3Graph is an advanced open event-based graph for Web 3.0. focused on a protocol for users to display and record their social events in an ecological network graph. The graph will be generated based on users’ on-chain and off-chain data and behaviors, as a personal social museum for every cryptographer and digital native.
