The Dfinity Foundation has announced a $200 million fund to attract developers to build on The Internet Computer, a decentralized blockchain network that aims to expand the functionality of the Internet.
“Our aim is to support the reimagination of all systems and services in new forms using smart contracts on an infinite public blockchain,” said Dfinity founder and chief scientist Dominic Williams, in an announcement released today during Coindesk’s Consensus event. “What the world now builds to take advantage of blockchain’s new capabilities shall be an important and fascinating next chapter,” he added.
The Internet Computer was launched, amid much fanfare, on May 11, after five years of development, and a $102 million raise from investors including Andreessen Horowitz and Polychain Capital.
Dfinity’s ambitious plans are to transform the internet into a giant, global computer with the use of smart contracts, and take on the $370 billion cloud computing market—in an a
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