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DFINITY Establishes $200M+ Programmer grant Application for the’Internet Computer’ ecosystem

coinnewsdaily by coinnewsdaily
May 27, 2021
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DFINITY Establishes $200M+ Programmer grant Application for the’Internet Computer’ ecosystem
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The DFINITY Foundation, a non-profit firm created to build, promote, and preserve the’Internet Computer’ a public computing system powered by blockchain, today announced the launch of the Internet Computer Developer Ecosystem Program to support network growth.

With this cohort, a total of CHF 200 million ($223M million USD) is prepared to be deployed to crypto entrepreneurs and developer teams. The program is currently accepting applications at dfinity.org/grants.

Focus Places For This Grant Program Include:

  • Canister Development Kits (CDKs) and Agents.
  • Developer Tooling (i.e. IDEs, debuggers, logging libraries).
  • Infrastructure (e.g. oracles( advantage bridges).
  • Integrations and APIs (e.g. chat, email, maps).
  • Programs and Open Internet Services.The first grant cohort will operate from May 2021 to August 2021. For $5K and $25K grants, work should be completed within this four-month period. $100K grants will probably be dealt with by the Grant Committee on a case-by-case basis. Applications will remain open through the cohort, either for accelerated work over the timeframe of the first cohort or for consideration in the next cohort.

    The Internet Computer launched on May 10, 2021. Now combined with the recent release of the Internet Computer Interface Specification and source code, programmers have already begun constructing… 

    Recent developments include:

    • OpenChat — tokenized, decentralized encrypted messaging service capable of scaling to millions of customers. On May 21, 2021, OpenChat established an alpha prototype to 10,000 users, quickly becoming one of the very underrated dApps running on a people blockchain.
    • DSCVR — tokenized, open variation of Reddit, has been assembled completely on-chain within the first week of the network going live.
    • Fleek — an open online web and app hosting startup; is empowering 11,000 traditional and blockchain-based websites to operate on the Internet Computer’s public network.
    • Capsule — decentralized social media platform, increased $1.5M in seed financing led by the Beacon Fund.
    • ORIGYN — beginning with the luxury watch industry; ORIGYN identifies and exposes counterfeits to prevent brand dilution and erosion out of fake products.

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

Tags: alphaBeacon FundBlockchainComputingCryptoCrypto TradingDFINITY Foundationopen online webpublic networksocial media platformtheInternet Computer
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