The Graph awards $48M to GraphQL developer The Guild

The Guild will join the Web3 network as a core developer in a four-year partnership to facilitate the expansion and development of The Graph’s existing 31,000 subgraphs.

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.

Related: The Graph Foundation taps protocol infrastructure developer for $60M grant

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.