Dfinity gives developers $ 200 million to build on 'Internet computer'

The Dfinity Foundation has announced a $ 200 million fund to encourage developers to rely on the Internet Computer, a decentralized blockchain network that aims to expand the functionality of the Internet. "Our goal is to support the renewal of all systems and services in new ways by using smart contracts on an endless public blockchain," Dominic Williams, Dfinity Founder and Chief Scientist, said in an announcement released today. hui at the Coindesk Consensus event. . "What the world is currently building to take advantage of the new blockchain capabilities will be the important and fascinating next chapter," he added. The internet computer was launched on May 11, after a five-year development process, with great fanfare and a $ 102 million collection from investors including Andreessen Horowitz and Polychain Capital. Dfinity's ambitious plans are to overcome the $ 370 billion cloud computing market with the goal of transforming the internet into a giant global computer using smart contracts and freeing the world from farms' dependency on centralized servers. . "What I want to fund is a new system-specific service or product rather than moving an application from Web 2 to Web 3," said Olaf Carlson-Wee, Founder and CEO of Polychain Capital. . Prepare for 'A Wild Ride': Dfinity's Dom Williams While Launching His Internet Computer But Having Deep Pockets, Linkedin, TikTok, WhatsApp and More. However, the protocol has not yet been hardened. And despite the platform's many temptations, the Internet computer prompted an Adweek review to claim that Dfinity kept "a decent amount of money" despite the release of Internet computer code. The reviewer also pointed to Dfinity's “ super-size VC '' funding, opaque assessment, and asked how the project was different from AWS, Google, or cloud service providers.

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