The Graph startup, which develops a protocol of the same name for requesting and receiving data from blockchains, has raised $50 million following an investment round. It was headed by Tiger Global, writes CoinDesk.
Funding was also provided by FinTech Collective, Fenbushi Capital, Reciprocal Ventures and Blockwall Digital Assets Fund.
“We expect exponential growth in the amount of data stored on blockchains”, said Tiger Global partner John Curtius.
The Graph compares itself to Google in the world Web 3.0. The project uses open source APIs that allow developers to easily access various blockchain data.
The Graph supports 26 networks including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam and IPFS.
The startup APIs are used by Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius, and Decentraland.
Recall that in December 2021, the Graph Foundation announced the integration of the service with the Aurora protocol.