Dfinity Gives Developers $200 Million To Build The “Internet Computer”

Dfinity gives developers $200 million to create the “internet computer” with the goal to create the primary computing platform for humanity as we can see more today in our cryptocurrency news today.

The Dfinity Foundation launched $200 million funds to promote the development of the Internet Computer and the founder of the non-profit Dominic Williams and chief scientist made the announcement. Dfinity gives developers a chance to work on something incredible-a decentralized blockchain network which aims to expand the internet’s functionality:

“Our aim is to support the reimagination of all systems and services in new forms using smart contracts on an infinite public blockchain. What the world now builds to take advantage of blockchain’s new capabilities shall be an important and fascinating next chapter.”

On May 10 at 10:00 CEST, @dfinity open sourced the #InternetComputer.

Now that the #InternetComputer is launched, the source code of 3 primary components is live: replica, nodemanager, and NNS canisters. pic.twitter.com/iMt7T3vRhd

— DFINITY Foundation (@dfinity) May 10, 2021

The Internet computer was launched on May 11 after years of development and a $102 million raise from investors like Polychain Capital and Andreessen Horowitz. Dfinity’s ambitious plans are to transform the internet into a global computer with the use of smart contracts and to also take on the $370 billion cloud computing market while trying to free the world of its dependence on centralized server farms. The CEO of Polychain Capital Olaf Carlson-Wee said:

“What I am excited to fund is a service or product that is native to the new system rather than what feels like a porting of an application from Web 2 to Web 3.”

Having a lot of money, however, isn’t enough to build a new generation of strong apps that will populate the Internet Computer like the decentralized versions of TikTok, WhatsApp, and Linkedin. However, the protocol is not yet firm on the ground. Despite the attractions of the platform, the Internet Computer caused one Adweek review to claim that despite having published the Internet Computer’s code, Dfinity held a fair amount back.
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The reviewer also pointed to the super-big VC funding and has an opaque valuation asking the project how it was different from AWS, Google, or other cloud services. Dfinity cannot be sure that developers will jump on board but it can be certain that they will have a lot of resources.

3/ Read more and learn how to apply here👇https://t.co/fN7UhkLd2a

— DFINITY Foundation (@dfinity) May 25, 2021

As reported, After five years of development, the Dfinity Internet Computer token got launched with a goal to revolutionize the World Wide Web by creating a decentralized Internet computer that launched the long-awaited governance token and it landed among the top 10 coins after a day of trading. The token was launched on the American crypto exchange Coinbase Pro on Monday and since then, other major exchanges like Huobi Global, Binance, OKEx were adding support for it.