īy June 2021, the Internet Computer's price had decreased by about 95%, which one cryptocurrency analyst at Arkham Intelligence called "highly unusual for a project of this scale". The initial supply of ICP at Genesis was 469,213,710 tokens, of which 125,067,597 were not locked. The Internet Computer network underwent its Genesis event on, when the network began to unlock tranches of ICP tokens, making them freely transferrable. Please help update this article to reflect recent events or newly available information. This version included the Network Nervous System (NNS), the open algorithmic governance system of the Internet Computer. On 30 September 2020, the Sodium version was announced in an online event. and enabled third-party developers to start using the platform to develop web and smartphone apps.
On 30 June 2020, the Tungsten (or Developer Network) version was announced in an online event. Development (2019–2021) įrom 2019 to 2021, the Internet Computer was formally developed through several named versions: Copper, Bronze, Tungsten, Sodium, and Mercury.
Due to regulatory concerns, none of the tokens were to be distributed to US residents. In May 2018, DFINITY distributed around 35 million Swiss francs worth of DFINITY tokens in an airdrop. A further $102 million funding round in August 2018 brought the project's total funding to $195 million. ĭFINITY raised $61 million from Andreesen Horowitz and Polychain Capital in a February 2018 funding round. In 2018, prominent venture capital firms such as Andreessen Horowitz, Polychain Capital, SV Angel, Wanxiang Blockchain provided financial contributions for less than 10% of the network's governance tokens.
ĭFINITY was later founded by Williams in October 2016.
The Internet Computer was conceived in 2015 by programmer Dominic Williams, the idea being a world computer that cannot be shut down which originated from the Ethereum ecosystem.
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