Huobi Incubator (part of Huobi Group) announced it has partnered with Relation Labs. Huobi Incubator will offers it services to Relation Labs in terms of marketing support, guidance and consultation.
In addition, Huobi Incubator will work to increase Relation Labs' global awareness and its web3 Social Graph project it is developing. Relation Labs is developing a decentralized Web3 social graph via a range of technologies that includes artificial intelligence (AI ).
'Relation Labs is building a multi-chain decentralized Web3 social graph. We empower Web3 data producers with 100% ownership, allowing everyone to create and harvest data value in the Web3 ecosystem in an open and simple way.'
Through the Relation One social app, P2P chats, game matching, DAO, group invites and more is possible. If a user agrees to share the data with DApps, tokens will be awarded for the data. More tokens will be awarded with more data that is given.
It has been estimated that the total market TVL (total value locked) of DeFi is currently $244 billion.
DFinity, Ethereum and Polkadot were successfully joined in the protocol. Polygon, Cosmos, Solana and Near (Protocol) are among the blockchains that are in development.
According to Relations Labs' website, the development of the AI smart machine is only due in 2023.
Officials Remarks
Jewel Chen, the Head of Huobi Incubator, said: "Relation Lab's Web3 Social Graph project will provide solutions to address user-growth dilemmas surrounding current SocialFi and startup projects that are sorely needed in the market today."
"Our professional guidance and resources will allow both parties to mutually benefit and look forward to unlocking a new paradigm of social network Dapps in the near future."
Jessica C, the Founder of Relation Labs, said the following about the partnership: "Our partnership with Huobi Incubator will greatly benefit development of Web3 Social Graph and promote Web3 innovation.
"We hope this long-term vision of ours will come to pass as we work with the best expertise and resources in the crypto space that Huobi Incubator will provide."
