In its recently released 2023 report, The Graph Foundation provides a comprehensive overview of its grant program and the impactful contributions made by Grants (formerly known as Dapps & Subgraphs) to the decentralized ecosystem. Here, we delve into the key insights gleaned from the report, highlighting the pivotal role of grants in fueling innovation, fostering community engagement, and driving the expansion of The Graph network. If you would like to dive deeper into the full report here is the link.
Grants (previously known as Dapps & Subgraphs) : A cornerstone of growth at the heart of The Graph's decentralized ethos lies its grant program, which serves as a key driver of global contributions. In 2023 alone, over $1.5 million was disbursed to 54 grants, showcasing the Foundation's commitment to nurturing talent and innovation within the ecosystem.
Grants Assessment: High, Somewhat, and Low. The Foundation's rigorous assessment process categorizes grants into three impact levels: High Impact, Somewhat Impactful, and Low Impact. High Impact grants, comprising 73.2% of total expenditure, represent projects with significant positive influence, while Somewhat Impactful and Low Impact grants make up 21.1% and 5.7%, respectively.
Diverse contributions across grants span around various categories, including Community, Data Services, Protocol, and Tooling, each contributing uniquely to the growth and development of The Graph ecosystem.
R&D Grants: The Graph ecosystem currently has eight research and development teams which are: BuildersDAO, InfraDAO, Edge & Node, Geo, GraphOps, Messari, Pinax, Semiotic Labs, StreamingFast and The Guild.
Driving decentralized innovation beyond financial support, grants serve as catalysts for decentralized innovation, driving collaboration, and community engagement.
The Foundation extends an open invitation for stakeholders worldwide to participate, collaborate, and contribute to its mission. By leveraging grants as a mechanism for global contributions, The Graph has paved the way for a decentralized future powered by collaboration and innovation.
In the report are mentioned many other important and successful projects/DAOs that here I decided to not mention, this doesn' t mean that I don' t value their job and especially the value that they bring to the Web3 ecosystem. If you are curious about what these projects are, I suggest you to go and check out the full report.
That said I believe that The Graph is one of those major players in this field that cannot, and will not, be ignored. To be honest, GRT takes a big chunck of my portfolio, and in the future I' m poised to increase my exposure to it even more. Anyways don' t forget to Do Your Own Research and if in need, seek advice from a financial advisor, since I ain' t one, I just like crypto.
Until we meet again, stay true, stay cryptoniac.
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