$25M Funding Promotes DePIN Innovation and Decentralized Communication

$25M Funding Promotes DePIN Innovation and Decentralized Communication

World Mobile, a decentralized wireless network, and Tenity, a global leader in startup acceleration, have announced a $25 million Grant Program to accelerate innovation in the Decentralized Physical Infrastructure Network (DePIN) ecosystem. The program aims to integrate decentralized technology with the physical world, sparking a new wave of blockchain-driven solutions. Grants starting from $5,000 are available for both established enterprises and emerging entrepreneurs, covering key challenges in decentralization, blockchain adoption, governance, and connectivity in underserved regions.

Tenity, known for its experience in supporting startups and fostering collaborations with industry giants like VISA, Microsoft, and Ripple, will select and support projects aligned with the goals of the World Mobile Chain (WMC). Micky Watkins, CEO of World Mobile Group, emphasized the partnership with Tenity to ensure impactful project funding and scalable innovation in telecoms, extending connectivity. The WMC, a Layer 3 blockchain tailored for DePIN, recently launched its public testnet, attracting top talent with its high-performance platform dedicated to innovation. Andreas Iten, CEO of Tenity, highlighted the initiative’s aim to push boundaries in blockchain and decentralized infrastructure, guiding projects toward meaningful impact in the DePIN ecosystem. The grant program focuses on decentralized communications, cross-chain interoperability, on-chain security, decentralized identity management, and tokenization of real-world assets, all supported by the EVM-compatible Layer 3 blockchain, the World Mobile Chain (WMC). This $25 million Grant Program marks a significant stride in establishing a fully decentralized, people-centric telecom ecosystem, fostering collaboration between innovators and investors to create transformative blockchain solutions.