SubQuery’s aim is to help Polkadot/Substrate projects build better dApps by allowing anyone to reliably find and consume data faster. SubQuery will allow users to extract, transform, persist, and query data initially, as well as connect and present data in the future. They aim is to make this a core piece of infrastructure for the Substrate/Polkadot ecosystem, just as The Graph has become for Ethereum.
In fact, it seems that every substrate project needs to process and query data, and SubQuery can provide a complete solution to this problem as well as will become core infrastructure for the Polkadot ecosystem. Their team expects it to solve how to extract, transform, persist, and query data initially, and then how to connect and present data in the future. With the help of SubQuery tools, anyone can create and run queries easily.
When talking about the investment in SubQuery, Sang Tran – Investor Partner of Illusionist Group said: “We are pleased to be one of the early investment organizations of SubQuery – a very cutting – edge project on Polkadot. As one of the projects with an important role in helping the next generation of blockchain developers create the next big dApp, we believe Sam and the SubQuery team will make a great contribution to the overall development of the Polkadot ecosystem.’’
This investment enables SubQuery to improve the development of their project as well as speed up the supply of important data services to the whole Polkadot community. SubQuery also has the intention of constructing a free service to host and manage community SubQuery projects, which helps to share their data, knowledge and tokenization with people.
.@SubQueryNetwork just announced today it has successfully raised a $1.8M seed & private round with the participation of big names such as: Hypersphere, @defialliance @DFG_Group @d1ventures etc.
Receiving the support from big VCs has shown SubQuery’s potential in the ecosystem pic.twitter.com/XPYMTOGDEJ
— Polka Warriors (@polkawarriors) March 12, 2021
SubQuery allows every Substrate/Polkadot team to process and query their data. The project is inspired by the growth of data protocols serving the application layer and its aim is to help Polkadot/Substrate projects build better dApps by allowing anyone to reliably find and consume data faster. Today, anyone can query and extract Polkadot network data in only minutes and at no cost.
OnFinality is the team behind SubQuery, who are an infrastructure SaaS platform for blockchain teams and users to launch nodes and get access to a large range of blockchain protocols. They have a suite of symbiotic services including shared node API services, and have relationships with the top Polkadot/Substrate teams.
About Illusionist Group
Illusionist Group is the VC behind PolkaWarrior – the biggest community of $DOT hodlers around the world. It is a global blockchain and digital asset investment firm, focuses on investing in technical teams that build and support Polkadot/Kusama ecosystem.
Illusionist Group has extensive history in global fund distribution, combined with our strong relationships and partnerships with investors, venture capitals, leading academic institution and fund platforms can create values to support technical teams having robust and innovative projects, which helps to grow a larger and stronger blockchain ecosystem.