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Reinventing the Internet as a computer that runs secure software with superpowers

Reinventing the Internet as a computer that runs secure software with superpowers

DFINITY is reimagining the Internet as a public network that hosts secure software and services. The Internet Computer is a new technology stack that is unhackable, fast, scales to billions of users around the world, and supports a new kind of autonomous software that promises to reverse Big Tech’s monopolization of the internet. DFINITY was founded in 2016 by Dominic Williams and is backed by top-tier institutions including Polychain Capital and Andreessen Horowitz.
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Dfinity demo's its TikTok clone, opens up its 'Internet Computer' to outside developers

  • TechCrunch
  • 2 months ago
  • Dfinity appeared in 2018, amid the flurry of investments in the blockchain space. It raised $102 million in funding at a $2 billion valuation in a round jointly led by Andreessen Horowitz and Polychain Capital, along with other investors, including KR1.
  • In fact, it was building its so-called “Internet Computer”: a decentralized and non-proprietary network to run the next generation of “mega-applications.”
  • Today it announced that the “Internet Computer” is now open to third-party developers and entrepreneurs to build that next generation. The vision is to “reboot” the internet in a way that destroys the ability to create virtual monopolies like Facebook, LinkedIn, Instagram and WhatsApp.
  • As its next technical demonstration, it launched “CanCan”, a TikTok-like app that will run in a browser (though it is not publicly available as such) and which is not owned by a company. The idea is that anyone could build their own TikTok.
Dfinity demo's its TikTok clone, opens up its 'Internet Computer' to outside developers

Dominic Williams

Avatar for Dominic Williams
Entrepreneur and crypto nerd
Total raised

$102M

Funded over

1 round

Latest round

Series A (Aug 2018)