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A new web3 network is being built right now that wants to end Big Tech’s control of your data | TechCrunch

Mar 21, 2024 - techcrunch.com
Tegan Kline, CEO and co-founder of Edge and Node, discussed the problems with the current web ecosystem, or web2.0, and the potential of Web3 on TechCrunch’s Chain Reaction podcast. She criticized the centralized nature of the web, where a few large companies control user data and digital footprints, and expressed her hopes for a decentralized internet through Web3 and AI integrations. Edge and Node, the initial team supporting The Graph, a decentralized network that organizes data, is working towards this goal.

The Graph, often referred to as the "Google of web3", aims to make open data a public good. It plans to expand its data services, support developers, improve network performance, and create data tools. The Graph also intends to enable large language models (LLMs) for building AI chat programs. Kline emphasized the importance of data in AI and the need for it to be open source. She believes that the relationship between AI and blockchain will evolve over time, leading to new business models and incentive structures.

Key takeaways:

  • Web3 is seen as a solution to the centralized control of data and digital footprint by a handful of large companies, according to Tegan Kline, CEO and co-founder of Edge and Node.
  • Edge and Node is supporting The Graph, a decentralized network that indexes, queries and organizes data, aiming to make open data a public good.
  • The Graph is planning to expand its data services, support developers, improve network performance and create tools for data, including enabling large language models for building AI chat programs.
  • There is a need for more acceptance of blockchain in the AI community, but Kline believes that the relationship between AI and blockchain will evolve and shift over time.
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