Indexing Platform, The Graph, Taps StreamFast to be Core Protocol Developers With A $60M Grant
StreamFast, a protocol infrastructure firm building blockchain streaming solutions, is joining The Graph as a core developer following a $60 million grant from the latter. The partnership aims to boost the development of a radically different and more open decentralized internet system.
Announced on Thursday, the partnership between the two companies means The Graph’s goal to build a new internet is growing nearer as StreamingFast adds its development expertise to the project. The partnership will also promote the building and democratization of Web 3 data access at scale and drive user adaption.
The Graph kicked off as a platform to build a decentralized network of public data on blockchains – kind of the internet on the blockchain. Since its launch in December, The Graph’s indexing protocol has grown to over 150 Indexers and over 7,000 Delegators. With StreamingFast joining the pool of developers, Eva Beylin, Director of The Graph Foundation, expects the platform to build a “sustainable decentralized community.”
“The Foundation and Council are thrilled to welcome the StreamingFast team as Core Developers in The Graph ecosystem.”
“We’ve learned a lot from decentralized governance experiments and protocol development in Ethereum and are dedicated to having many protocol contributors to ensure a decentralized community that is sustainable.”
Apart from adding developer expertise to The Graph, StreamingFast will also become a key component of Graph’s ecosystem and long-term infrastructure plans. The new partnership will provide The Graph with some of its core infrastructure intellectual property, API products, and core developers to work on the “decentralized internet.” Marc-Antoine Ross, Co-Founder, and CEO of StreamingFast said,
“We are philosophically aligned, and our powers combined to create a one-plus-one-equals-three effect. We’re eager to dedicate our time and resources to the betterment of The Graph and the Web3 ecosystem at large in the years ahead.”
Following successful integrations of Bitcoin (BTC), Polkadot (DOT), Solana (SOL), and BSC, The Graph (GRT) announced its plan to add eight new layers 1 blockchain earlier this February.