The Graph, an indexing and query protocol for organizing blockchain data, is introducing a new set of resources including advanced data streaming services, large language models for AI-enabled queries, new query languages, and verifiable data into its network.
The “new era” was outlined in The Graph Foundation’s research and development roadmap. It focuses on five key objectives, including expanding data services, improving tooling and UX, and delivering a more resilient, flexible, and efficient protocol. New Era also aims to improve performance and reduce costs for node operators, and create tools for composable data and an organized knowledge graph, a statement said.
Furthermore, the roadmap presents a solution for gaining one-time access to historical data on the Ethereum blockchain EIP-4444 is implemented, which will limit the availability of such data on the network itself.
‘The Google of web3’
“The Graph introduced and standardized subgraphs as the ultimate way to index and query blockchain data anywhere on web3. With the new era of The Graph, we are making The Graph’s position in the web3 stack even clearer,” said Tegan Kline , CEO of Edge & Node, one of the development teams behind the Graph protocol, said in the statement. “The Graph has been called the Google of web3 for its indexing capabilities. With the development of innovative and diverse data use cases, The Graph will surpass the traditional web, making The Graph the go-to protocol for all data needs and in the future so that our data is no longer held hostage by one company or a group of companies.”
Subgraphs are structured data models that allow developers to efficiently define and query specific data points from a blockchain.
In partnership with New Era, The Graph is also implementing its “Sunrise of Decentralized Data” initiative, offering free migration to the network and access to a new free query plan. Furthermore, the upcoming Graph Horizon network upgrade aims to make the protocol more user-friendly, cost-effective and permission-free.
In June, The Graph entered the final phase of its migration to the Ethereum Layer 2 Arbitrum network to “reduce gas fees, accelerate transaction speeds, and increase the protocol’s accessibility.”