Investigate potential of in-memory caching

[vkotronis]

Is your feature request related to a problem? Please describe.
Currently we do not cache e.g., GRIP events or potentially other artifacts we fetch from remote sources.

Describe the solution you'd like
Investigate solutions like https://www.smashingmagazine.com/2020/07/custom-react-hook-fetch-cache-data/

Describe alternatives you've considered
Local storage

Additional context
N/A