Web3Go is an open data platform focused on displaying, formatting, visualizing, Chia and analyzing on-chain data across multichain. Web3Go is one of the projects that won Most Value Builder V (MVB V) of BNB Chain and was invested by Binance Labs in July 2023. Let's learn about Web3Go with Coin68 through the article below!
What is Web3Go? on-chain data aggregation platform invested in by Binance Labs
What is Web3Go?
Web3Go is an open data platform focused on displaying, formatting, visualizing, Chia and analyzing on-chain data across multichain. Web3Go provides toolsets that allow anyone to easily access on-chain data while rewarding them for providing valuable on-chain data.
What is Web3Go?
Web3Go is building an AI-integrated intelligent network that Vai as an assistant to help users visualize and understand data across the entire blockchain ecosystem in real time. In addition, the platform is also providing on-chain data as well as AI services for many different crypto and blockchain projects such as Polkadot , Moonbeam, Moonriver,...
Components in Web3Go
Indexer: The blockchain's indexer is used to extract on-chain data and store it into the database in a specifically formatted manner. For example, the Polkadot network includes a Relay Chain and a Parachain, each Parachain can define its own Event or Call, so each Parachain indexer must adapt to its metadata.
Data board: A data board is a visual output of data that analysts or community members create. That data could be Token transaction history, Non-Fungible Token transfer information, DeFi protocol statistics,...
Smart contract on Substrate: Web3Go uses smart contracts on Substrate nodes to request, publish, Chia and reward on-chain data provision activities in the platform. There will be two entities participating in the smart contract: the data requester and the data provider. Data requesters will list demands through smart contracts with bounties to incentivize anyone who meets their demands. On the other hand, data analysts with specialized skills will Chia any data boards they have created with the community for free or for a fee. This smart contract will encourage more people to contribute to data activities in the platform as it will help them earn more income and bring more reputation.
Query Module: This is a data query module that provides an interface for data analysts to create data boards. Because data is stored on the blockchain in the form of key - value pairs, it is difficult to use and analyze on-chain data directly. With the user interface provided by the Query Module along with the Chart Display Module, analysts can leverage formatted data, visualize it automatically, and customize it. Data will also be automatically synchronized with the blockchain so updates will be reflected on the data board in real time.
Chart Display Module : This is The graph display module is used to visualize data analysis results and is the main component of the data board. The chart display module can provide various charts such as column charts, pie charts, etc.
Subscription Module: For each data board created, data requesters can subscribe to receive notifications sent from this board with the Subscription Module. Notifications can be triggered by a large Token transaction or a DeFi protocol's APR rate.
Label/Tag Module : This is a module that will provide wallet addresses with different format labels based on its history on the blockchain. According to the survey, at least more than 50% of all wallet addresses on the blockchain are inactive. So this module will filter the wallet address and format according to its activities like "Large Whale", "Highly Active",... Labeled wallet addresses will help users to track their actions and analysis to predict the next trend of the crypto market.
Data Mining Module (Data Mining Module): This is a module that will learn about historical data and analysis to make predictions about future crypto market trends such as Token price prediction, prediction yield of DeFi protocols,...
Community Module ( Community Module): This is a module that helps people in the community connect with each other through sending needs and providing data.
Web3Go products
Currently, Web3Go has 3 main products including:
Go Analytics: This is a versatile tool that allows anyone who wants to learn about complex on-chain data. It provides everything from formatting and visualization to on-chain data Chia and analysis.
Go ID: This is a digital identity management system that allows users to create and Chia Web3 profiles within the platform.
Go Push: This is a feature that sends automatic notifications about on-chain activities in real time. It works like a personal assistant that keeps people updated about everything related to blockchain.
Web3Go products
Highlights of Web3Go
Accessibility: Web3go is designed to be user-friendly and the platform is accessible to anyone. Additionally, the platform allows users to express their needs and receive instant feedback with easy access to on-chain data of interest.
Diverse data sources: A comprehensive view of the blockchain ecosystem requires combining both on-chain and off-chain data. By combining diverse data sources, Web3Go provides clearer and more accurate on-chain data.
Self-auditing capabilities: The quality and authenticity of blockchain data is critical to maintaining trust and credibility in the blockchain ecosystem. From here, Web3Go incorporates a self-checking mechanism to ensure the quality and authenticity of the data being processed.
Chia community value: Data value does not just belong to any centralized entity but must be Chia among all participants in the platform. Web3go ensures that data value is Chia among participants in the platform. In addition, Web3Go also rewards users who make valuable contributions to the platform.
Basic information about Token
Currently, Web3Go does not have specific information about future Token Issuance . Coin68 will update as soon as there is the latest information from the project.
Development roadmap
Web3Go has a future development roadmap as follows:
Develop an AI-powered Neutral language for data visualization.
Develop and launch reward system.
Develop a data collaboration platform.
Develop and launch real-time Iterative Neural Networks.
Development team
Prominent members of Web3Go's development team include:
Sergey Sevidov: He is the Founder of Web3Go.
Viktoria Evstegneeva: She is Co-Founder and Event Manager of Web3Go.
Eugene Vladimirov: He is the Chief Business Consultant of Web3Go.
Investors
Web3Go successfully raised 4 million USD at the Seed Round led by Binance Labs in July 2023. Web3Go is also one of 7 participating projects that won Most Value Builder V (MVB V) of BNB Chain and was invested by Binance Labs . In addition, the project is also invested by other investment funds such as Hashkey Capital, NGC Ventures, Shima Capital,...
Web3Go investors
Partner
Currently, Web3Go is cooperating with a number of crypto and blockchain projects such as Polkadot, Kusama, Calamari, Moonbeam,...
summary
Web3Go is an open data platform focused on displaying, formatting, visualizing, Chia and analyzing on-chain data across multichain. Web3Go provides toolsets that allow anyone to easily access on-chain data while rewarding them for providing valuable on-chain data.
Through this article, you probably have some basic information about the Web3Go project to make your own investment decision.
Note: Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market!
