On November 30, The Graph announced that it is creating a new data standard for Web3 through GRC-20. It is reported that GRC-20 is a proposed common language across Web3 data. Just like the ERC-20 standardization value on Ethereum, GRC-20 will standardize data, information and knowledge, and materialize Web3, allowing users to fully realize the open, verifiable and composable Web3 vision.