The Graph Foundation Allocates $1.25M in Wave 5 of Grants, Marking Over One Year of Grants
A year after launching the grants program, with nearly $12 million already allocated, Wave 5 is now complete! Continuing its mandate to support The Graph ecosystem into 2022 and beyond, The Graph Foundation is excited to announce the allocation of $1.25 million in this latest wave to a diverse group of over 30 grantees to continue the evolution of the ecosystem by improving the protocol, supporting dapps building on The Graph, creating new tools and growing the community.
Bolstering decentralization in the community also remains a top objective, as the protocol scales and more participants join the ecosystem. This wave represents a significant milestone in continuing decentralization with The Graph Foundation’s launch of the Graph AdvocatesDAO to oversee community grants.
The DAO received a grant of $250,000 in GRT to seed the treasury of community grants and support the Advocates Program. The DAO will support grants valued at $20,000 or under, with the Foundation to oversee higher-value grants until the DAO is more mature.
This means future community grants will now be evaluated by members of the community who become advocates and join the AdvocatesDAO!
WAVE 5 GRANTS
Grant applications included submissions from Colombia, Brazil, Korea, Poland, Portugal, Japan, the US and more. Each applicant was assessed based on the project’s expected impact, community feedback, relative significance and urgency in the ecosystem. All grants are paid in GRT to be used in the The Graph Network and support participation in web3.
ABOUT The Graph
The Graph is the indexing and query layer of web3. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from 32 different networks including Ethereum, NEAR, Arbitrum, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam, IPFS, and PoA with more networks coming soon.
RESOURCES
The Graph Blog
