The Graph Announces Its Multi-Chain Incentivized Program
Hassan Maishera - Cryptowisser
The Graph announced on Thursday last week that it had launched its multi-chain incentivized program. The program is for Migration Infrastructure Providers (MIPs). The Graph said the MIPs program bootstraps Indexers to add support for new chains on the decentralized network, enabling migration of multi-chain subgraphs.
Furthermore, the MIPs program has allocated 0.75% of the GRT supply (50M GRT), with 0.5% to reward Indexers who contribute to bootstrapping the network and 0.25% allocated to migration grants for subgraph developers using multi-chain subgraphs.
The Graph is an indexing protocol for decentralized applications that allows developers to efficiently access blockchain data. Developers can build subgraphs that define how to ingest, index, and serve blockchain data in a verifiable way.
GRT, the native token of The Graph Network, is down by more than 2.29% in the last 24 hours and is currently trading at $0.1026.
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