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The Graph Foundation, which operates a protocol for indexing and querying blockchain data, raised $50m in a sale of digital tokens to investors led by Tiger Global Management and will use the proceeds to buy other developers and expand in Asia and Europe. The Graph Foundation issued its own token, called The Graph, to investors including Tiger, FinTech Collective and Fenbushi Capital
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“This raise we’ve just achieved gives us the ammunition to bring in up to five new teams,” said Eva Beylin, director of The Graph Foundation, in an interview. In addition, “expanding to Asia and Europe is a big focus for us.”
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