Nigerian Startup Wicrypt Secures Microsoft Grant To Advance Decentralized Infrastructure Network
WiCrypt has emphasized the grant’s instrumental role in expanding collaboration and enhancing productivity throughout the Depin development chain.
By Anna B Kiwanuka
Wicrypt, a Nigerian Web3 startup, recently disclosed receiving a substantial grant of $150,000 from Microsoft. This grant is designated to fortify the development of its decentralized physical infrastructure network, known as Depin.
Depin signifies a pioneering approach to erecting and upholding physical infrastructure across the globe, orchestrated in a decentralized manner by individuals and corporations. These infrastructures are designed for universal access and are touted to be more scalable and cost-efficient than traditional networks. Notably, various platforms such as Filecoin, Helium, and Iotex are actively engaged in similar pursuits within this realm.
Expressing gratitude, Wicrypt acknowledged Microsoft and the Web3 accelerator Outlier Ventures for their invaluable support in facilitating this endeavor. The startup emphasized the grant’s instrumental role in expanding collaboration and enhancing productivity throughout the Depin development chain.
In an earlier announcement, Wicrypt revealed its expansion onto the Arbitrum blockchain, citing this move as a strategic initiative to tap into the chain’s substantial user base.
Moreover, preceding the announcement of the Microsoft grant, Wicrypt had also received a significant sum of $200,000 from Google Cloud, underscoring increasing support and recognition for its initiatives.