1. BITBILIHome
  2. Article

Internet Computer’s DFINITY announces $1 million grant for developers in Lugano in new partnership

• 76 views

Description

DFINITY Foundation, the not-for-profit organisation behind the development of Internet Computer blockchain, has entered a partnership with the municipality of Lugano, Switzerland, in line with the city’s plans to encourage blockchain development and ultimately become a regional crypto hub.  The Foundation is also launching a $1 million grant fund to encourage Lugano-based startups and developers. … Read more

DFINITY Foundation, the not-for-profit organisation behind the development of Internet Computer blockchain, has entered a partnership with the municipality of Lugano, Switzerland, in line with the city’s plans to encourage blockchain development and ultimately become a regional crypto hub. 

The Foundation is also launching a $1 million grant fund to encourage Lugano-based startups and developers. Per the announcement, the grant will be issued to developers leveraging the unique capabilities of the Internet Computer to build services that serve the global community.

I am delighted to announce that the DFINITY Foundation has partnered with the Municipality of Lugano to award grants to Lugano-based blockchain companies. We are proud to support our local developer community, and this partnership is a major step forward in Lugano’s journey as a leading blockchain hub.

Michele Foletti, Mayor of Lugano.

As part of the partnership, DFINITY intends to establish an ICP.Hub in Lugano to promote the unique capabilities of the Internet Computer blockchain. Also, the collaboration will see Lugano integrate the ICP blockchain into the MyLugano app, a  digital wallet used for crypto payments by the city’s residents and visitors. 

Additionally, MyLugano will be upgraded to support more digital currencies, other than the three supported cryptos declared as ‘de facto’ legal tender by the city – LVGA, Bitcoin and Tether. Among the new cryptos include ckBTC, a multi-chain cryptocurrency pegged to bitcoin. 

Per the announcement, ckBTC benefits from the Internet Computer’s speed, security and scalability and can be transferred with near-instant finality (1-2s) and for a fraction of the cost of a Bitcoin transfer on the Bitcoin network. 

“The DFINITY Foundation is grateful for the opportunity to work with the Municipality of Lugano and bring ckBTC to the MyLugano app,” said Dominic Williams, Founder of DFINITY Foundation. “This partnership is an excellent example of our new technology combined with Lugano’s forward thinking in regard to blockchain technology to accelerate the mass adoption of Web3.”

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Internet Computer’s DFINITY announces $1 million grant for developers in Lugano in new partnership

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月7日 23:34
Next 2023年9月8日 00:56

Related articles

  • Zuck’s Threads about to have search and web features

    TL;DR Breakdown Meta’s Threads app is set to introduce search functionality and web accessibility features. Initially successful after launch, it experienced a significant decline in engagement over time. Mark Zuckerberg and Adam Mosseri plan to focus on improving the app’s fundamentals and user retention before pursuing growth and monetization. Description Mark Zuckerberg’s brainchild, Threads, is about to experience an upgrade. In an effort to combat dwindling user engagement and maximize its competitive edge, Meta is preparing to roll out search functionality and web accessibility features for the Twitter-like app. With Zuckerberg’s confidence and strategic foresight propelling the project forward, the world is watching to see … Read more Mark Zuckerberg’s brainchild, Threads, is about to experience an upgrade. In an effort to combat dwindling user engagement and maximize its competitive edge, Meta is preparing to roll out search functionality and web accessibility features for the Twitter-like app. With Zuckerberg’s confidence and strategic foresight propelling the project forward, the world is watching to see how Threads will evolve in the coming weeks. Bolstering Threads with improved functionality Released in July, Threads…

    Article 2023年8月6日

  • Binance Japan unveils 34 tokens, including BNB, marks official re-entry into market

    TL;DR Breakdown Binance’s Japanese subsidiary starts offering 34 tokens, including its first-time availability of BNB in Japan. The new platform will provide spot trading, yield generation, and access to a non-fungible token marketplace.  The launch signifies Binance’s adherence to local regulations amidst increased global scrutiny. Description Binance, the globally renowned cryptocurrency exchange, has marked its return to the Japanese market by launching Binance Japan K.K., its local subsidiary. The announcement comes after two years since the exchange received a warning from the Japanese financial regulator for failing to comply with registration requirements. Binance Japan K.K. is heralding a new era in … Read more Binance, the globally renowned cryptocurrency exchange, has marked its return to the Japanese market by launching Binance Japan K.K., its local subsidiary. The announcement comes after two years since the exchange received a warning from the Japanese financial regulator for failing to comply with registration requirements. Binance Japan K.K. is heralding a new era in cryptocurrency trading for the Japanese market. Through the newly formed subsidiary, the company aims to boost the Japanese digital asset market’s…

    Article 2023年8月2日

  • SEC asked Coinbase to pause all crypto trading pre-lawsuit

    TL;DR Breakdown The SEC asked Coinbase to halt all trading except Bitcoin before suing them. Coinbase refused, fearing it would end the U.S. crypto industry. The move reflects the SEC’s push for wider authority over the crypto market. Conflicting views and regulations with other bodies like the CFTC add complexity. Description The curtain has been drawn back on the intentions of the U.S. Securities and Exchange Commission (SEC), as they approached Coinbase with a proposal that sent shockwaves throughout the cryptocurrency industry. A recommendation was made to Coinbase to halt all trading activities involving cryptocurrencies except Bitcoin, prior to taking legal action against the Nasdaq-listed company. … Read more The curtain has been drawn back on the intentions of the U.S. Securities and Exchange Commission (SEC), as they approached Coinbase with a proposal that sent shockwaves throughout the cryptocurrency industry. A recommendation was made to Coinbase to halt all trading activities involving cryptocurrencies except Bitcoin, prior to taking legal action against the Nasdaq-listed company. This is more than a regulatory measure; it’s a bold assertion of authority over an emerging…

    Article 2023年7月31日

  • Pond0x Token Launch Fiasco Results in Massive Investor Losses

    TL;DR Breakdown The launch of the memecoin Pond0x has led to significant financial losses for investors, with the token’s price collapsing from $0.36 to near zero within five minutes of launch. Confusion arose as the web app allowed users to mint new PNDX tokens in exchange for Ether (ETH), while some users expected the fundraiser to be done on Uniswap. Investors reportedly lost over $2.2 million in the launch, with some users claiming to have lost thousands or even millions of dollars. A user reported that PNDX has a faulty transfer function that allows users to transfer coins from any other user. Description The launch of the memecoin Pond0x has led to a significant financial loss for investors, with losses amounting to millions of dollars, according to multiple reports on social media on July 28. Data from the Maestro trading app shows that the Pond0x (PNDX) token reached a price of $0.36 before collapsing to near zero within … Read more The launch of the memecoin Pond0x has led to a significant financial loss for investors, with losses amounting to…

    Article 2023年7月29日

  • Nansen Cuts Workforce by 30% Amidst Crypto Market Turmoil

    TL;DR Breakdown Nansen trims its workforce by 30% as a result of aggressive hiring during rapid expansion and the impact of the crypto bear market. CEO Svanevik highlights the need to align organizational growth with core strategy and optimize costs for a sustainable business in the crypto industry. Nansen, a prominent blockchain analytics platform, recently announced a significant reduction in its workforce, amounting to 30%. CEO Alex Svanevik cited two main reasons for this difficult decision: the company’s aggressive hiring during the bullish market and the subsequently extended bear market in the cryptocurrency industry. Nansen’s move reflects the challenges faced by various crypto-related companies in adapting to market fluctuations and aligning their operations with sustainable business strategies. Contents hide 1 Rapid Expansion Leads to Restructuring 2 Challenges in the Crypto Bear Market 3 Industry-Wide Impact of Layoffs 4 Conclusion Rapid Expansion Leads to Restructuring During its initial years, Nansen experienced rapid growth, with an aggressive hiring strategy that expanded its team beyond its core focus. CEO Alex Svanevik acknowledged this by stating that the company had taken on the excess…

    Article 2023年6月3日
TOP