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The Graph has raised $50 million from Tiger and other investors

The Graph has raised $50 million from Tiger and other investors

The Graph, a startup developing a protocol of the same name for querying and retrieving data from blockchains, has raised $50 million in an investment round. It was led by Tiger Global, CoinDesk writes.

FinTech Collective, Fenbushi Capital, Reciprocal Ventures and Blockwall Digital Assets Fund also provided funding.

"We expect exponential growth in the amount of data stored in blockchains." ," said Tiger Global partner John Curtius.

The Graph compares itself to Google in the Web 3.0 world. The project uses open-source APIs that allow developers to easily access various blockchain data.

The Graph supports 26 networks, including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam and IPFS.

The startup's APIs use Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius and Decentraland.

As a reminder, in December 2021 Graph Foundation announced integration of the service with the Aurora protocol.

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