Blockchain data index project The Graph completed the sale of 5 million USD tokens, and Coinbase, Framework and other participation

The blockchain data indexing project The Graph received $5 million in financing through the sale of token SAFT to start a decentralized network. Investors include Framework, ParaFi Capital, Coinbase Ventures and Digital Currency Group. The Graph is an indexing protocol for organizing and accessing data in the blockchain and storage network, which will be launched later this year. In addition, the protocol allows developers to use the GraphQL API to build decentralized applications on Ethereum and IPFS. Co-founder Yaniv Tal believes that since Web3’s infrastructure is not yet ready, blockchain developers have been working hard to expand their ideas. The team used to spend months building private index servers and operating the servers themselves. The Graph builds an indexing protocol that allows developers to build beautiful consumer-grade applications without running a server. Yaniv Tal stated that The Graph’s decentralized network will ensure that the crypto economy has a reliable open data layer that can build new applications on a reliable basis.