The Graph Foundation announced a funding grant of $48 million to The Guild, an open-source API platform. This is in an effort to improve the usability and performance.

Joining as a core network developer, The Guild will provide vast experience from its time managing and contributing to the growth of components within the GraphQL ecosystem — a programming language initially established by Meta, formerly Facebook (NASDAQ:), in 2012 — to focus on enhancing subgraphs features such as “composition, analytics and mutations” on The Graph.