World Cellular, a decentralized telecom platform, has shared the main points of its strategic collaboration with Tenity, a worldwide investor in early-stage initiatives. The 2 invite all decentralized bodily infrastructure community (DePIN) protocols to hitch their $25 million grant program.
World Cellular, Tenity introduce $25 million grant program
World Cellular, the decentralized wi-fi community, has introduced the launch of its $25 million grant program in collaboration with Tenity. This initiative, aimed toward fostering decentralized bodily infrastructure community (DePIN) innovation, guarantees to catalyze a brand new wave of blockchain-driven options that mix decentralized applied sciences with bodily infrastructure.
Inside the framework of this partnership, Tenity is ready to leverage its experience to determine and mentor initiatives able to addressing key challenges in decentralization, blockchain adoption and governance and incubate them to construct on the World Cellular Chain.
This system’s grants begin at $5,000 and will be distributed between candidates in 5 tracks: decentralized communications, cross-chain interoperability, on-chain governance and safety, decentralized id administration, and tokenization of real-world property (RWAs).
Micky Watkins, CEO of World Cellular Group, invitations all DePIN and RWA innovators to use for funding from the brand new program:
By partnering with Tenity, we’re making certain that the World Cellular Chain Grant Program doesn’t simply fund initiatives however offers the steerage and sources essential to drive scalable, impactful innovation. This collaboration displays our dedication to empowering builders who share our imaginative and prescient of a decentralized, inclusive future. Collectively, we are able to unlock the potential of DePIN to remodel telecoms and increase connectivity to underserved communities.
Since its launch in 2015, Tenity has managed over 100 company innovation applications and supported greater than 250 collaborations globally.
World Cellular Chain kickstarts its public testnet
Andreas Iten, CEO at Tenity, is happy by the the potential impression of the brand new program and its devices for subsequent technology of DePIN initiatives:
We’re excited to companion with World Cellular on this transformative initiative. The World Cellular Chain Grant Program is a unprecedented alternative for builders to push the boundaries of blockchain and decentralized infrastructure. We look ahead to guiding these initiatives and serving to them obtain significant impression within the DePIN ecosystem.
The World Cellular Chain Grant Program is underpinned by the capabilities of the World Cellular Chain (WMC), which final week reached a major milestone with the launch of its public testnet. WMC is the primary blockchain purpose-built for decentralized bodily infrastructure networks (DePIN).
An EVM-compatible layer 3 developed on Base, WMC offers a high-performance platform that has already attracted a number of initiatives, together with acknowledged trade leaders, who’ve chosen to construct on WMC over different blockchains.