The Graph is a decentralized protocol for indexing and querying blockchain data. The Graph makes it possible to query data that is difficult to query directly.
Projects with complex smart contracts like Uniswap and NFTs initiatives like Bored Ape Yacht Club store data on the Ethereum blockchain, making it really difficult to read anything other than basic data directly from the blockchain.
In the case of Bored Ape Yacht Club, we can perform basic read operations on the contract like getting the owner of a certain Ape, getting the content URI of an Ape based on their ID, or the total supply, as these read operations are programmed directly into the smart contract, but more advanced real-world queries and operations like aggregation, search, relationships, and non-trivial filtering are not possible. For example, if we wanted to query for apes that are owned by a certain address, and filter by one of its characteristics, we would not be able to get that information by interacting directly with the contract itself.
To get this data, you would have to process every single transfer event ever emitted, read the metadata from IPFS using the Token ID and IPFS hash, and then aggregate it. Even for these types of relatively simple questions, it would take hours or even days for a decentralized application (dapp) running in a browser to get an answer.
You could also build out your own server, process the transactions there, save them to a database, and build an API endpoint on top of it all in order to query the data. However, this option is resource intensive, needs maintenance, presents a single point of failure, and breaks important security properties required for decentralization.
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
The project is focused on Ethereum blockchain only that we consider to be risky. There is a lack of strong business logic in describing the value proposition.
The development process is open and available for tracking on Github. Demo is available on the website – a user has to enter the data needed to extract, and the result is a code representing the data. Roadmap is unclear and only indicates the main streams of work. The detailed whitepaper is projected to be released soon before the tokensale. We guess that such an infrastructure may be useless as blockchains’ teams are able to develop their own protocols overcoming this obstacle if it is crucial.
Token functions are not available yet, but currently we do not see how it may be applied good here. Regarding monetization, the team is looking at supporting paying per query as well as subscription models (similar to SLAs) but the precise token mechanics will be released as part of the coming white paper. Financial will be announced soon. As the idea is not likely to have a significant impact on the industry, we expect to see a valuation not exceeding 5M USD.
The team includes 8 core members and 4 advisors. Project Lead has 8-years’ experience in software engineering having been a CEO in a few software startups. Co-founders Jannis Pohlmann (14 years in software engineering), Brandon Ramirez (10 years in software engineering, worked in Cisco and Microsoft), previously worked together on several startups with the Project Lead. Also, the team includes 3 other software engineers with significant relevant experience. The team has a lack of marketing, business and blockchain specialist.
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