Wicrypt Receives Grant from Microsoft
Nigerian Web3 startup, Wicrypt, has been granted $150,000 by Microsoft to support its development of a decentralized physical infrastructure network (Depin).
The Depin infrastructure is built in a decentralized manner, allowing individuals and companies worldwide to contribute and use it. These networks are said to be scalable and more cost-effective than traditional infrastructure networks. Other platforms in this space include Filecoin, Helium, and Iotex.
Wicrypt expressed gratitude towards Microsoft and Web3 accelerator Outlier Ventures for the opportunity and support they provided. The grant from Microsoft Azure will be used to expand collaboration and enhance productivity around the Depin development chain.
Expanding to Arbitrum Blockchain
Wicrypt also announced its expansion to the Arbitrum blockchain, explaining the move as a strategic decision to leverage the chain’s user base.
Additional Grant from Google Cloud
In addition to the Microsoft grant, Wicrypt had previously received a $200,000 grant from Google Cloud.
Hot Take: Wicrypt Secures Funding to Enhance Decentralized Infrastructure Development
Nigerian Web3 startup, Wicrypt, has received a $150,000 grant from Microsoft to strengthen its efforts in developing a decentralized physical infrastructure network (Depin). This grant will support Wicrypt in expanding collaboration and improving productivity around its Depin development chain. The startup’s recent expansion to the Arbitrum blockchain and the previous grant of $200,000 from Google Cloud demonstrate the growing recognition and support for Wicrypt’s work in the field of decentralized infrastructure. With these recent partnerships and grants, Wicrypt is poised to make significant advancements in creating scalable and cost-effective infrastructure networks for a wide range of users worldwide.
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