DCG leads $205M growth fund for The Graph -Breaking
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The Graph, a blockchain data indexing protocol, has created a $205,000,000 ecosystem fund in order to attract developers to its platform. It is yet another evidence that venture capital firms are keen to invest in growth funds centered around decentralized apps.
Digital Currency Group and Multicoin Capital funded the ecosystem fund. Reciprocal Ventures, Gumi Cryptos Capitals, NCG, and HashKey also contributed to its financing. The fund’s stated purpose is to accelerate the growth and development of key projects in The Graph’s ecosystem.
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