‘Google for Blockchains’ is a phrase that describes how to find information on blockchains. Tiger Global leads the Graph to a $50 million round

The Graph protocol is a structured data indexing mechanism that spans 26 blockchains.

Tiger Global led a $50 million round of fundraising for Graph, a firm that compares itself to Google but for indexing content on blockchains. FinTech Collective, Fenbushi Capital, Reciprocal Ventures, and Blockwall Digital Assets Fund were also part of the round disclosed on Thursday.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 readily access the data. An API (application programming interface) is a method for two computer applications to communicate with one another.

The Graph can index data from Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, and IPFS, among other blockchain networks. According to a press statement, Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius, and Decentraland have utilised its subgraphs thus far.

“Given the rate at which the trillion-dollar market has grown over the last year, we anticipate to see an exponential increase in the amount of data held on blockchains.” “Tiger Global partner John Curtius said in a statement. “”One of the most crucial elements of the decentralised web is the graph.”

At the time of publication, the GRT token of The Graph was trading at roughly $0.48.

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