The Graph Foundation, a decentralized indexing agreement, announced a $48 million grant to The Guild, an open source API platform, to facilitate The availability and performance of web subgraphs. The Guild will work with The Graph as a core developer for four years to facilitate The expansion and growth of its existing 31,000 subgraphs. Over The past 12 months, The Graph has provided $248 million in funding to its core developer network, most recently a $60 million grant to infrastructure service Semiotic AI last week to accelerate research and development initiatives in cryptography and artificial intelligence.