The Graph Foundation has announced a $48 million funding grant to open-source API platform, The Guild in a bid to advance usability and performance of the networks subgraphs.
Joining as a core network developer, The Guild will provide vast experience from its time managing and contributing the growth of components within the GraphQL ecosystem — a programming language initially established by Meta, formerly Facebook, in 2012 — to focus on enhancing subgraphs features such as “composition, analytics and mutations” on The Graph.
The Graph, a Web3 indexing and querying infrastructure platform, has invested $248 million into their core developer network over the last twelve months, the most recent of which was last week’s $60 million investment in infrastructure service, Semiotic AI, to accelerate research and development initiatives in cryptography and artificial intelligence.
Director of The Graph, Eva Beylin, shared detailed insights in the potential impact the networks latest core developers, The Guild, could have on a multitude of sectors in the Web3 sphere, including decentralized finance (DeFi), the metaverse and decentralized autonomous communities (DAO’s) among others, stating:
“The Guild will collaborate with developers in The Graph ecosystem throughout the course of this four-year funding to develop new subgraph features and improve The Graph Node’s querying capabilities, allowing developers to more quickly construct feature-rich apps using The Graph.”
This is an emerging story which will be updated soon.