1. BITBILIHome
  2. Article

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

• 194 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

  • Cboe amends Bitcoin ETF filing after surveillance agreement with Coinbase

    TL;DR Breakdown Cboe Global Markets has revised its Bitcoin ETF filing to incorporate its surveillance sharing agreement with Coinbase. Coinbase agreement boosts investor sentiment amid a legal battle with the SEC. Description Cboe Global Markets, a prominent exchange operator, has made revisions to five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications by incorporating a surveillance-sharing agreement (SSA) with Coinbase. The Cboe ETF amendments were submitted to the United States Securities and Exchange Commission (SEC) on July 11. The ETFs in question are proposed by Invesco, VanEck, WisdomTree, … Read more Cboe Global Markets, a prominent exchange operator, has made revisions to five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications by incorporating a surveillance-sharing agreement (SSA) with Coinbase. The Cboe ETF amendments were submitted to the United States Securities and Exchange Commission (SEC) on July 11. The ETFs in question are proposed by Invesco, VanEck, WisdomTree, Fidelity, and a joint fund by ARK Invest and 21Shares. Cboe confirms surveillance sharing agreement with Coinbase Cboe confirmed that it has reached an agreement with Coinbase to establish the surveillance-sharing agreements. The settlement between…

    Article 2023年7月13日

  • Argentina banks bet on yuan, flipping the USD

    TL;DR Breakdown Argentina’s central bank has officially included the Chinese yuan as a recognized currency for banking deposits, a major shift in its banking policy. This move aligns with Argentina’s struggle against a dwindling supply of U.S. dollars and coincides with China’s efforts to internationalize its currency. Argentina’s National Securities Commission will allow dealing in yuan-denominated securities. Description In an unanticipated monetary maneuver, Argentina is making a bold financial bet. This South American nation is courting the Chinese yuan, in a move that could radically reshape its banking landscape. A flip, it seems, is in the works, a flip from the well-established U.S. dollars to the emergent yuan. Yuan’s entry into Argentina’s banking … Read more In an unanticipated monetary maneuver, Argentina is making a bold financial bet. This South American nation is courting the Chinese yuan, in a move that could radically reshape its banking landscape. A flip, it seems, is in the works, a flip from the well-established U.S. dollars to the emergent yuan. Yuan’s entry into Argentina’s banking The Central Bank of Argentina, in a surprising move,…

    Article 2023年7月4日

  • Nigerian crypto exchange Patricia battles security breach promises steadfast recovery

    TL;DR Breakdown Nigerian crypto trading platform, Patricia, experienced a security breach compromising its Bitcoin and Naira assets. In response to the breach, Patricia has temporarily suspended fund withdrawals and initiated an internal restructuring. The company has identified one individual from the syndicated group responsible for the breach and is working with law enforcement to recover the assets. Renowned Nigerian crypto exchange, Patricia, has recently grappled with a massive security breach affecting the company’s Bitcoin and Naira assets. A situation that has precipitated immediate measures to shield its user base and fortify its security landscape. This unexpected cybersecurity incident prompted the suspension of fund withdrawals, a step taken as part of an ongoing internal restructuring designed to enhance the platform’s security measures. Hello Chief, We have a much needed update for you. #patriciatechnologies #cryptocurrencies pic.twitter.com/AcOIdIE8Vu — Patricia (@PatriciaSwitch) May 26, 2023 A syndicated breach and the race to recovery The hacking incident, evidently syndicated, cast its shadow over Patricia’s financial reserves, specifically compromising Bitcoin and Naira assets. While the exact extent of the impacted assets remains undisclosed, Patricia, in collaboration with…

    Article 2023年5月30日

  • ECB chief economist remains optimistic about inflation coming down

    TL;DR Breakdown Philip Lane, the Chief Economist of the European Central Bank (ECB), has expressed cautious optimism regarding the slowdown of inflation. The ECB is deliberating whether to proceed with another interest rate hike on September 14, potentially the last in the current tightening cycle. Description Philip Lane, the Chief Economist of the European Central Bank (ECB), has shared a sense of cautious optimism regarding slowing inflation. However, he emphasized the need for a substantial amount of additional data before he would feel confident in declaring victory over inflation. The ECB has raised interest rates in each of its past nine … Read more Philip Lane, the Chief Economist of the European Central Bank (ECB), has shared a sense of cautious optimism regarding slowing inflation. However, he emphasized the need for a substantial amount of additional data before he would feel confident in declaring victory over inflation. The ECB has raised interest rates in each of its past nine meetings. It is currently deliberating whether to proceed with another rate hike on September 14, which could mark the last hike…

    Article 2023年9月5日

  • RBI charts new global course in crypto discourse amid India’s G-20 presidency

    TL;DR Breakdown Currently holding the G-20 presidency, India is driving the global discourse on cryptocurrency regulations. A synthesis paper from the IMF and the FSB will guide global cryptocurrency guidelines. The RBI is keen to explore cryptocurrency’s macroeconomic and cross-industry implications and risks. In an unconventional step, the Reserve Bank of India (RBI) has shared its intent to broaden the worldwide perspective on cryptocurrency, particularly emphasizing its overarching economic impact. The initiative, described in the RBI’s annual report, signals a paradigm shift from examining the isolated implications for individual nations and customers towards a more comprehensive understanding of the global economy. India’s G-20 presidency tenure is catalyzing this momentum. India’s finance chief, Nirmala Sitharaman, previously declared that the international prioritization of cryptocurrency regulation is essential. In collaboration with the RBI, she foresees this subject becoming a cornerstone of the G-20 discussion under India’s leadership. This standpoint aligns with the February announcement, where global cryptocurrency guidelines were anchored to a synthesis paper co-authored by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). The latter, an international authority in…

    Article 2023年6月2日
TOP