The Graph, the ‘Google of Blockchains,’ Raises $50M in Round Led by Tiger Global

The Graph, a company that compares itself to Google but focuses on indexing information from blockchains, has secured $50 million in a round headed by Tiger Global Management.

The investment, announced Thursday, also included Blockwall Digital, Fenbushi Capital, FinTech Collective, and Reciprocal Ventures.

To make the blockchain-based next generation of the internet, known as Web 3, work effectively, a lot of connective tissue is required. The Graph is an open-source protocol for indexing and querying blockchain data using subgraphs, which are open-source APIs that allow developers to access the data readily. An API (application programming interface) is a method for two computer applications to interact with one another.

Ethereum, Near, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, and IPFS are among the 26 blockchain networks supported by the Graph. According to a press release, its subgraphs are utilized by Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius, and Decentraland.

“Given the rate at which the trillion-dollar industry has grown over the last year, we anticipate to see an exponential growth in the amount of data held on blockchains.” “Tiger Global partner John Curtius said in a statement. “The Graph is one of the most critical cornerstones of the decentralized web.”