Dfinity launches an open-source platform aimed at the social networking giants
When Dfinity raised $102 million in funding in 2018 at a $2 billion valuation in a spherical collectively led by Andreessen Horowitz and Polychain Capital, it was regarded as a step-change in the world of blockchain know-how. In an space that was synonymous with producing lots of headlines round cryptocurrency hypothesis, this was a shift in focus, wanting as an alternative at the structure behind Bitcoin, Ethereum and the relaxation, and the way it may very well be used for extra than simply “mining,” distributing and utilizing new monetary devices — with a serious, mainstream VC backing the thought, no much less.
Dfinity launched with a really lofty purpose: to construct what it referred to as the “Internet Computer”: a decentralized and non-proprietary community to run the subsequent era of mega-applications. It dubbed this public community “Cloud 3.0”.
Now, it seems like this Cloud is now about to interrupt.[Source: TechCrunch]