Dfinity (symbol: ICP) reiterates that it will launch publicly before year-end. The pre-launch, blockchain-based, cloud computing project is valued at $9.5b. It also described a new algorithmic governance system this week.
- Dfinity, backed by Andreessen Horowitz and Polychain Capital, launched its governance system and token economics, which it cheekingly calls its Network Nervous System (NNS), during a virtual event on Sept. 30. NNS will act as a "brain" to control Dfinity's "internet computer."
- In August 2018, Dfinity raised CHF102m (Swiss Francs equivalent to USD$111m at present), during a presale funding round led by Andreessen, Polychain, and other investors.
- Dfinity's NNS launch serves as the final milestone by Dfinity's "Sodium Network" prior to its mainnet launch, and precedes the network public release that is expected later this year.
- Dominic Williams, Founderof the Dfinity Foundation, said during the event that "NNS now means that the Internet Computer is feature complete."