$223M fund for Internet Computer builders — but community is wary

Cointelegraph

Published May 25, 2021 11:06PM ET

Updated May 26, 2021 12:40AM ET

Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” much of the internet.

The non-profit scientific research organization announced “The Developer Ecosystem Program” on May 26, and is now accepting applicants for development grants.

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