Singaporean DePIN Startup Copute Secures ICP Community Grant

December 13, 2024 08:25 PM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

SINGAPORE, Dec. 13, 2024 /PRNewswire/ -- Singaporean DePIN protocol Copute has secured a community grant from DFINITY Foundation, a Swiss non-profit organization that has a focus on the research and development (R&D) of blockchain technology. The grant was obtained through the Internet Computer Protocol (ICP) Hub of Singapore.

Singaporean DePIN Startup Copute Secures ICP Community Grant
Singaporean DePIN Startup Copute Secures ICP Community Grant

Copute says it will use the grant to integrate the ICP blockchain to enhance its decentralized computing engine and better drive innovations in gaming and AI. This move also aims to solidify Copute's roadmap development efforts as the startup focuses on developing its layer 2 protocol ahead of token launch.

The Community Grant Program by DFINITY provides support to those who are leading the charge in expanding the ICP community. It is dedicated to empowering outstanding teams and individuals with visionary ideas and concrete plans to make a real difference. The Singaporean hub of ICP has decided to support one of Singapore's most ambitious and innovative projects, Compute, through this grant provision.

Lawrence Lin, CEO & Ecosystem Evangelist of Copute, emphasized the shared vision between ICP and the DePIn project as well as the immense opportunities enabled by the grant in his statement: "The Internet Computer hosts secure, network-resident code and data to build web apps without Big Tech and current IT. Likewise, Copute's decentralized model of Mine-Share-as-a-Service empowers individuals to drive gaming and AI innovations without cloud computing and big data conglomerates. We are honoured to receive the ICP Community Grant and are committed to developing a future of scalable, community-driven infrastructures powered by the community itself."

Aaron Ting, Co-founder,at ICP Hub Singapore, believed that the democratization of access to computational power will be key to unlock unprecedented innovation in gaming and AI, especially in the global AI and crypto race in the next 4 years. He noted that the unique technological features of ICP will provide Copute with a significant advantages, and the foundation looks forward to supporting many more innovative regional projects.

About Copute

Copute is a pioneering Web3 ecosystem dedicated to decentralized computing for AI and gaming. By combining emergent complexity with cutting-edge technology, Copute is shaping the future of scalable, community-driven infrastructures.

Internet Computer Protocol (ICP)

Internet Computer Protocol (ICP) is a groundbreaking Web3 ecosystem dedicated to transforming the internet into a decentralized, public utility. By merging advanced blockchain technology with seamless scalability, ICP is reshaping how applications, data, and services are built and hosted on the open internet.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.