Ian Allison Jan 21, 2022
The Graph, the ‘Google of Blockchains,’ Raises $50M in Round Led by Tiger Global
The protocol indexes data across 26 blockchains.
The Graph, a startup that likens itself to Google, but for indexing information that lives on blockchains, has raised $50 million in a funding round that was led by Tiger Global Management.
Blockwall Digital, Fenbushi Capital, FinTech Collective and Reciprocal Ventures also participated in the round, which was announced Thursday.
Web 3 Development
A large amount of connective tissue is needed to make the blockchain-based next generation of the internet, known as Web 3, function properly. The Graph is a protocol for indexing and querying blockchain data using open-source APIs, called subgraphs, that let developers easily access that data. An API, or application programming interface, is a way for two computer programs to interact.
Reach of The Graph and Its Subgraphs
The Graph supports indexing data from 26 different blockchain networks, including Ethereum, Near, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam and IPFS. So far, its subgraphs are used by Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius and Decentraland, according to a press release.
