This initiative is all about sparking innovation in the Decentralized Physical Infrastructure Network (DePIN) space. It aims to shake things up by merging blockchain with physical infrastructure.
Tenity has a footprint in six international hubs. It also has a history of over 250 successful corporate startup collaborations. Let’s discover more about this important news for the DePIN sector.
Big Names Backing DePIN Innovation
They’ve worked with big names like VISA, SIX, Ripple, and Microsoft, making them a perfect match for World Mobile’s ambitions. Together, they’ll scout for and mentor projects that tackle the nuts and bolts of decentralization, from blockchain adoption to governance, all while building on the World Mobile Chain (WMC).
Micky Watkins, CEO of World Mobile Group, put it this way: “By partnering with Tenity, we’re not just throwing money at the problem but providing the know-how to make scalable, impactful changes. This is our shot at creating a decentralized, inclusive future, where we can hit the ground running with DePIN to transform telecoms and reach those left behind.”
Andreas Iten, Tenity’s CEO, is equally pumped, saying, “This program is a golden ticket for developers to push the envelope in blockchain and decentralized infrastructure. We’re excited to steer these projects towards making a real dent in the DePIN ecosystem.”
Broadening DePIN Horizons with Diverse Funding Focus
The Grant Program, which starts funding from $5,000, is open to everyone. From fresh-faced startups to seasoned businesses. It focuses on areas like:
Decentralized Communications: For those looking to lay down the tracks for secure, scalable connectivity.
Cross-Chain Interoperability: To bridge the gap between Web2 and Web3 like never before.
On-Chain Governance and Security: Crafting methods to make networks tougher and more reliable.
Decentralized Identity Management: Using zero-knowledge tech for better privacy and security.
Tokenization of Real-World Assets: Turning physical items into digital opportunities.
This initiative rides on the back of the World Mobile Chain, which recently hit a milestone with its public testnet launch. WMC, the first blockchain tailored for DePIN, is an EVM-compatible Layer 3 on Base, offering a high-performance playground that’s already drawing in industry leaders.
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Diego Mischke