Nigerian Web3 Startup Wicrypt Gets Grant From Microsoft to Develop Its Infrastructure Network

Nigerian Web3 startup Wicrypt announced connected Dec. 6 that it had received a $150,000 assistance from Microsoft. The startup plans to usage the assistance to amended productivity astir its decentralized carnal infrastructure web improvement chain. In precocious November, Wicrypt besides received a $200,000 assistance from Google Cloud.

Wicrypt Depin Bet

Nigerian Web3 startup, Wicrypt, precocious announced that it had received a $150,000 assistance from Microsoft to bolster its enactment processing a decentralized carnal infrastructure web (Depin).

We received a $150,000 assistance from Microsoft. This assistance volition spell a agelong mode successful expanding collaboration and improving productivity astir our #DePIN improvement chain.

Thank you @Azure for the immense opportunity, and convey you @OVioHQ for the changeless enactment and helping make… pic.twitter.com/yfmTjkXfdw

— Wicrypt (@wicrypt) December 6, 2023

Depin represents a caller mode of gathering and maintaining infrastructure successful the carnal world, built retired successful a decentralized mode by individuals and companies each implicit the satellite for anyone to use. Depins are said to beryllium scalable and much cost-effective than accepted infrastructure networks. Filecoin, Helium, and Iotex are immoderate of the platforms moving successful this space.

In a post shared connected X, the startup commended Microsoft and the Web3 accelerator Outlier Ventures for offering it the accidental arsenic good arsenic the support.

“We received a $150,000 assistance from Microsoft. This assistance volition spell a agelong mode successful expanding collaboration and improving productivity astir our [Depin] improvement chain. Thank you Microsoft Azure for the immense opportunity, and convey you Outlier Ventures for the changeless enactment and helping marque this happen. We genuinely admit it,” Wicrypt wrote connected X.

In an earlier station connected X, Wicrypt said it was expanding to the Arbitrum blockchain. It described the determination to leverage the chain’s idiosyncratic basal arsenic a “strategic move.”

Wicrypt besides received $200,000 from Google Cloud conscionable days earlier announcing the Microsoft grant.

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