Recently, a project specialized in the development of Web3 Social Graph, Relation, has joined Huobi Incubator, a subsidiary of Huobi Group.

Nowadays, Web3 is challenging the status quo of the existing Internet infrastructure — Web2, with significant momentum. That users can fully control and permanently own their interactions and data on the Internet is attractive to many. Thanks to the rapid development of smart contracts, data stored on Blockchain are expanding exponentially, and the data generated by the social relations of users among various Dapps will become one of the most valuable data assets. With emerging solutions, no longer will the users be limited by platforms with overwhelming monopoly, and they can carry their social graphs to any Dapps without much effort. The open, transparent, and free social relations in this model will serve as one of the key drivers boosting the Web3 application.

Relation is at the forefront to explore the value of the Web3 social graph and its data, aiming to identify potential relations networks among native crypto-residents. Through artificial intelligence analysis of data values on the blockchain, Relation empowers Web3 application with the value social graph data will provide, serving as a major Web3 infrastructure. Also, by providing each user with personal data storage, Relation secures real data ownership and privacy for its users, opening a door for authorized personal data monetization in the future.

With this consideration in mind, Huobi Incubator took the lead to support Relation, a promising player in the field of social graph. In the next few months, Huobi Incubator will provide encompassing value-added services to jump-start Relation’s development in this important sector, such as tutors, PR, and marketing support, networking in the Huobi eco-system, legal and financial consultation, guidance on economic model design, listing, and grants. Furthermore, Huobi Incubator will help promote the advantages and value proposition of the project to the broader developer community as well as tutors, in the hope of identifying potential partnerships.

Jewel Chen, who is head of Huobi Incubator, concluded that an excellent team like Relation, through its products, will provide solutions to address the user-growth dilemma surrounding current SocialFi projects and start-ups and that Huobi Incubator is looking forward to cooperating with Relation. “With our professional guidance and resources, we can unlock the new paradigm of social network Dapps together in the future.”

Jessica C, the founder of Relation, expressed the team’s excitement to join Huobi Incubator. She appreciated the opportunity to work with Huobi Incubator tutors and other teams to jointly develop Web3 Social Graph and to promote Web3 innovation in the future. “We hope to realize our long-term vision with the best expertise and resources available in the crypto space.”

With the strategic support this cooperation will provide, Relation is going to accelerate its development process, leverage resources in the eco-system, and expand its business, in an effort to further develop a Global Social Relation Graph — the infrastructure of the next-generation Web3 Social Graph.

About Huobi Incubator

Huobi Incubator is a professional, full-cycle project incubator that integrates industry research with investment funds, incubation processes, and accelerators. With the mission of accelerating startup project development across all stages and users, Huobi Incubator helps entrepreneurs and startups overcome obstacles, achieve rapid growth, and work toward their respective visions and goals.

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About Relation

Relation aims to explore the value of social graph data on Web3. Our vision is to provide the most powerful and rich social graph data for multiple global blockchain systems and to explore new paradigms connecting people, organizations, relationships, and behaviors — serving as the next generation social networking infrastructure on Web3.

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