Graph Protocol Inc., a San Francisco, CA-based provider of a hosted service and graph explorer for indexing data from the Ethereum blockchain and IPFS, raised $2.4m in seed funding.
The round was led by Multicoin Capital with participation from Compound VC, CoinFund, DTC, Kilowatt, Reciprocal Ventures, SPC, and others.
The company intends to use the funds to continue to build its decentralized indexing layer for Web3 applications.
Led by and Yaniv Tal, co-founder and project lead, and Brandon Ramirez, Research Lead, The Graph is The Graph is advancing a query protocol for Web3, a decentralized ecosystem where the community can collaborate on curating quality data sources available to all.
Initially focused on Ethereum, The Graph is a query layer for blockchains which enables developers to index data from smart contracts, uncovering rich new data sources to power dApps.
The company plans to offer both centralized and decentralized services in 2019.
In conjunction with the launch of the service, the team also announced seven launch partners: Dharma, Compound, Uniswap, ENS, Origin, Decentraland, and Livepeer. All seven protocols are now available on The Graph for third-party developers to access.