The Graph Foundation has announced a $ 48 million funding grant for the open source API platform, The Guild, in an attempt to improve the usability and performance of network subgraphs.
By joining as a core network developer, The Guild will bring vast experience from its time managing and contributing to the growth of components within the GraphQL ecosystem, a programming language initially established by Meta, formerly Facebook, in 2012, to focus on enhancing features. of the subgraphs as "composition, analysis and mutations" in The Graph.
The Graph, a Web3 query and indexing infrastructure platform, has invested $ 248 million in its core developer network over the past twelve months, the most recent of which was last week. $ 60 million investment in infrastructure services, semiotic AI, to accelerate research and development initiatives in cryptography and artificial intelligence.
Related: Graph Foundation Turns to Protocol Infrastructure Developer for $ 60 Million Grant
The Graph Director Eva Beylin shared detailed information on the potential impact the network's latest core developers, The Guild, could have on a multitude of sectors in the Web3 sphere, including decentralized finance (DeFi), the metaverse. and the decentralized autonomous communities (DAO's) among others, indicating:
"The Guild will collaborate with developers in The Graph ecosystem over the course of this four-year funding to develop new subgraph capabilities and enhance The Graph Node's query capabilities, allowing developers to more quickly build applications with many functions using The Graph ".
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