1. Web3 builders see traditional web ecosystem as overreaching and centralized.
2. Edge and Node focuses on creating decentralized applications and protocols to give power back to users.
3. The Graph aims to organize open blockchain data, support developers, boost network performance, and enable AI training in a decentralized way.
Many individuals in the Web3 community believe that the current web ecosystem, known as web2.0, is centralized and exploits user data for the benefit of large companies. Tegan Kline, CEO of Edge and Node, expressed concerns about the control and monetization of user data by a few dominant entities.
Edge and Node is focused on developing decentralized applications (dApps) and protocols, with The Graph being one of their key projects. The Graph is described as the “Google of web3” and aims to index, query, and organize data in a decentralized network. The company’s recent roadmap outlines plans to expand data services, support developers, and enable AI integration through large language models (LLMs).
Kline emphasizes the importance of data ownership in the AI space, noting that the data used to train AI models should be decentralized and open source. The Graph is working to allow users to access data from its network and other blockchains to train AIs in a decentralized manner.
While AI and blockchain are currently not fully integrated, Kline envisions a future where new business models and incentive structures, driven by tokens and decentralized infrastructure, will create intriguing opportunities for AI. The relationship between AI and blockchain is expected to evolve over time, leading to new possibilities for innovation in both fields.
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