Nakji Network, an indexing protocol for organizing blockchain data, has raised $8.8 million in a funding round.
The funding was secured via a Simple Agreement for Future Tokens (SAFT) sale, Nakji co-founder David Kim told The Block. Animoca Brands, CMS Holdings, Primitive Ventures, One Block, Panony, and others backed the round. There was no lead investor, said Kim.
With fresh capital at hand, Nakji is looking to expand its team of 9 to around 30 by hiring more engineers and business development staff, and publicly launching its protocol in the near future, said Kim.
Nakji is an indexing protocol for querying blockchain data that enables the creation of decentralized applications or dapps. The protocol can be seen as similar to The Graph, which was launched last December after several years of development.
Kim declined to comment on how specifically Nakji is different from The Graph, but said: “We are the answer to getting blockchain data fast and easy from all things Web 3.0, and

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