DFINITY launches $200M+ developer grant program for the ‘Internet Computer’ ecosystem – CryptoNinjas

The DFINITY Foundation, a not-for-profit group created to construct, promote, and keep the ‘Internet Computer’ a public computing platform powered by blockchain, at present introduced the launch of the Internet Computer Developer Ecosystem Program to help community growth.

For this primary cohort, a complete of CHF 200 million ($223M million USD) is able to be deployed to crypto entrepreneurs and developer groups. The program is accepting functions at dfinity.org/grants.

Focus Areas For This Grant Program Include:

3 Grant Tiers

The first grant cohort will run from May 2021 to August 2021. For $5K and $25Okay grants, work ought to be accomplished inside this 4-month timeframe. $100Okay grants will likely be dealt with by the Grant Committee on a case-by-case foundation. Applications will stay open all through the cohort, both for accelerated work inside the timeframe of the first cohort or for consideration in the subsequent cohort.

The Internet Computer launched on May 10, 2021. Now coupled with the latest launch of the Internet Computer Interface Specification and source code, builders have already began constructing… 

Recent developments embody:

  • OpenChat – tokenized, decentralized encrypted messaging service able to scaling to hundreds of thousands of customers. On May 21, 2021, OpenChat launched an alpha prototype to 10,000 customers, rapidly turning into considered one of the most trafficked dApps working on a public blockchain.
  • DSCVR – tokenized, open model of Reddit, was constructed utterly on-chain inside the first week of the community going reside.
  • Fleek – an open web net and app internet hosting startup; is enabling 11,000 conventional and blockchain-based mostly web sites to run on the Internet Computer’s public community.
  • Capsule – decentralized social media platform, raised $1.5M in seed funding led by the Beacon Fund.
  • ORIGYN – beginning with the luxurious watch business; ORIGYN identifies and exposes counterfeits to cease model dilution and erosion from pretend merchandise.

This Internet Computer Developer Ecosystem Program enhances the Beacon Fund, a enterprise fund supporting constructing on the Internet Computer. Announced in September 2020, Beacon is a $14.5 million fund led by Polychain Capital and supported by Andreessen Horowitz and the DFINITY Foundation.

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