Singaporean DePIN Startup Copute Secures ICP Community Grant

Singaporean DePIN Startup Copute Secures ICP Community Grant

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

Copute says it will use the grant to integrate blockchain ICP to strengthen its decentralized computing engine and better drive innovations in gaming and artificial intelligence. The move is also aimed at boosting Copute’s roadmap development efforts as the startup is focusing on developing the layer 2 protocol before launching the token.

The DFINITY Community Grants Program provides support to those leading the expansion of the ICP community. It is dedicated to empowering outstanding teams and individuals with visionary ideas and tangible plans to make a real difference. The Singaporean Center for International Comparison Program decided to support one Singapore The most ambitious and innovative projects are Compute, provided by this grant.

Lawrence LaneCEO and ecosystem evangelist at Copute, emphasized the shared vision between ICP and the DePIn project as well as the tremendous opportunities made possible by the grant in his statement: “The Internet computer hosts secure, network-resident code and data to build web applications without today’s Big Tech and IT companies. Likewise, Mine-Share-as-a-Service’s decentralized Copute model empowers people to drive gaming and AI innovations without computing Cloud and Big Data Clusters We are honored to receive an ICP Community Grant and are committed to developing a future of scalable, community-led infrastructure powered by the community itself.”

Aaron Tingco-founder of ICP Hub Singapore, believes that democratizing access to computational power will be key to unleashing unprecedented innovations in gaming and AI, especially in the global AI and cryptocurrency race in the next four years. He noted that ICP’s unique technological features will provide Copute with significant advantages, and the organization looks forward to supporting many of the most innovative regional projects.

About Coboty

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

Internet and Computer Protocol (ICP)

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

Source: International Comparison Program Centre

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