Hey!
Yes, specifically this is a proposal to build out and open source the code that does all the heavy lifting for finding the info on chain and saving it as well as tracking the chain for updates to the community info that projects publish.
Its new and this proposal is meant to lower the barrier for businesses to adopt this standard and help create seamless consistency across any places where token/nft collection and other info is displayed.
I proposed it as a living standard so i hope it does change overtime, it’s meant to be expanded upon, customized and added to. There’s a version number baked into it so if/when changes are made it’s easy to distinguish between the new and old.
I think you can reason about this similarly to nft standards in that it felt like everyone had to implement parsing and caching code on their own and it was a lot of redundant work for a lot of people. Similarly, every explorer/marketplace currently has to build all this extra infra for collections/projects to submit the information manually to them and its just a ton of extra work for everyone involved with lots of room for creating inconsistencies and errors. The goal of this xgov proposal is to help make this standard substantially easier to adopt and thus alleviate all that extra work currently being done while improving the experience of creators that want to share information about themselves and their projects.