The Graph (GRT), which was established to index and store the information that happens on the blockchain, raised $ 50 million in the last financing.
The financing round was led by Tiger Global, which mainly focuses on the internet, software, consumer and financial technology sectors.
It was announced that FinTech Collective, Fenbushi Capital, Reciprocal Ventures and Blockwall Digital Assets Fund also participated in the financing round that took place.
What is The Graph?
comparing himself to Google and Blockchain’s Googledefining it as The Graphis a protocol built for indexing blockchain data using open source APIs that allow developers to access the data easily. It delivers data via APIs for Decentralized Finance (DeFi) and applications in the web3 ecosystem.
graph; It provides indexing of data from 26 different blockchain networks, including Ethereum, NEAR, Arbitrium, Polygon, Avalanche, Celo and Fantom.
Graph also aims to provide the necessary connection for the proper functioning of the next generation internet based on the blockchain called Web3.
John Curtius, one of the partners of Tiger Global, stated that The Graph is one of the most important cornerstones of decentralized networks.
According to CoinMarketCap data, the price of GRT, which is in the 54th place in terms of market capitalization, continues to be traded at $ 0.47.
*Not investment advice.