The Graph grants The Guild $ 48 million to develop Web3 API functions

The Graph Foundation did announced $ 48 million 4-year grant to The Guild’s open source application programming interface (API) platform to improve the usability and performance of 31,000 sub-diagrams on the network.

“The Graph Foundation is excited to welcome the leading GraphQL development team, The Guild, as a core developer! The guild received $ 48 million to contribute to protocol research and development, as well as the creation of sub-diagrams for creating API functions. “

As a core network developer, The Guild will gain expertise from the time managing and developing components in the GraphQL ecosystem – a native programming language called “Composition, Analysis and Mutation” on The Graph.

The Graph was founded in July 2018 and launched as Mainnet in December 2020.

It is a Web 3.0 indexing and query infrastructure that enables developers to create application programming interfaces. , commonly known as the Subgraph API to implement Web3 services.

Along with Ethereum, several highly regarded DeFi protocols that use subgraph indexing services include Arbitrium, Uniswap and Avalanche, as well as the central chain landscape of the Ethereum Virtual Machine (EVM).

The Graph has awarded $ 248 million to its core developer network over the past 12 months, most recently a $ 60 million grant to the Semiotic AI infrastructure service to accelerate research and development initiatives in cryptography and artificial intelligence (AI).

“The Guild is a leading group of open source developers with experience developing GraphQL engines for leading Fortune 500 companies and the open source community. They build and maintain some of the most popular GraphQL engines and are full core members of the GraphQL Foundation. “

Graph Foundation Director Eva Beylin provided detailed insights into the potential network impact the Guild’s core developers could have on a variety of areas in the Web 3.0 realm, including DeFi, Metaverse, and Decentralized Autonomous Communities (DAOs), among others.

“During this four-year fellowship, the Guild will be working with developers in Graph ecosystem to develop new subgraph capabilities and improve The Graph Node’s query capabilities so that developers can use The Graph to quickly build more feature-rich apps.”

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