Semiotic AI Receives $60M Grant to Develop The Graph’s Ecosystem

The network supports indexing data from 25 different networks, including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo and Fantom

article-image

Semiotic AI joins The Graph

share

key takeaways

  • There has been continued growth of 10% to 20% month-over-month for subgraphs and developers in the space
  • Semiotic will be using the grant to grow a dedicated R&D team to conduct core development work for The Graph

The Graph Foundation has given Semiotic AI a $60 million grant that will be deployed over the next eight years, according to a release shared on Thursday by the companies. 

“The Foundation’s grants are determined based on the roadmap, team size and resources needed to achieve pre-set goals,” Eva Beylin, director of The Graph, said in an interview with Blockworks. 

The Graph is an indexing layer for Web3 and blockchain data that uses subgraphs, which are open APIs that use the programming language GraphQL. 

These subgraphs retrieve blockchain data, secured through a decentralized network, which means decentralized applications, or dApps, can be permissionless with open APIs instead of relying on single servers. It supports indexing data from 25 different networks including Ethereum and its layer-2 networks Arbitrum and Optimism, Polygon, Avalanche, NEAR protocol, Celo and Fantom. 

“Oftentimes, developers would have to build their own in-house databases each time a new dApp is created, which is time-consuming, costly and centralized,” Sam Green, co-founder and CTO of Semiotic AI said to Blockworks. “These databases act like walled gardens that can’t be accessed by third-parties, creating multiple redundancies that aren’t necessary,” Green added. 

Semiotic AI is a software startup that builds autonomous decision-making agents for decentralized markets. “Semiotic will be using the grant to grow a dedicated R&D team that will be committed full-time to The Graph,” and its ecosystem as a core protocol developer during that time frame, Beylin said. 

There has been continued growth of 10% to 20% month-over-month for subgraphs and developers in the space, she said.

“This means that rain or shine, bull or bear market, developers in the Ethereum ecosystem are continuing to build dApps,” Beylin said. 

Eva Beylin, The Graph director
Eva Beylin, The Graph director

To date, over 24,000 developers have built subgraphs for applications like Uniswap, Decentraland and Synthetix. 

The indexing layer recently announced new hosted service integrations to support cross-chain development with platforms like Solana, Cosmos and Arweave, Beylin noted. In the future, it plans to continue to support development there as these chains and other features go live on the decentralized network. 

“Our vision has always been clear: index all the world’s public data in a decentralized way. The past year has proven our thesis that Web3 is the future,” Beylin said.



Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

Silk Road founder Ulbricht made a triumphant return to the Bitcoin Conference, 10 years on from sentencing

article-image

A Blockworks Research report looked at who could take up some of the marketshare in the launchpad space

article-image

Business-to-business stablecoin payments are on the rise, per a report from Artemis, Dragonfly and Castle Island

article-image

Crypto continues to do its thing: incentivizing behavior

article-image

Kraken will soon offer Backed ‘xStocks’ as Solana tokens

article-image

In a unanimous decision, the US Court of International Trade has ruled that Trump’s IEEPA tariffs are unlawful