Zug, Switzerland based cloud computing blockchain startup has secured $102m in funding, co-led by Andreessen Horowitz and Polychain Capital.
Williams anticipates Dfinity will launch a private version of its network later this year in order to let developers test out Dfinity-compatible software services, then open the network to the public at large sometime next year. In May, the project conducted a so-called “airdrop” to deliver $35 million worth of Dfinity digital tokens to early investors to help spur adoption. If Dfinity takes off, it would challenge not only large tech firms but also Ethereum, an existing protocol that currently dominates the blockchain landscape. Ethereum, which launched in 2015, supports many of the services—including so-called smart contracts—Dfinity wants to offer but has struggled to do so on a large scale.