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Blockchain Service Dfinity

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A16z-backed Dfinity demonstrates an open version of LinkedIn - ‘LinkedUp’

Decentralized cloud startup Dfinity, which raised $102 million in 2018, has showcased an open version of LinkedIn called “LinkedUp.”

According to a statement shared with The Block on Thursday, LinkedUp app runs on Dfinity's decentralized “Internet Computer,” unlike on a proprietary platform such as Amazon AWS or Google Cloud. LinkedUp is also not owned or operated by a corporate or government entity, said Dfinity.

Notably, LinkedUp is just a demonstration and not an actual launch. The firm said, using its Internet Computer platform, developers could create open versions of WhatsApp, Facebook, eBay, Salesforce and more.

LinkedUp was built by “1.5 engineers in three weeks,” said the firm.

Even before launch, Dfinity's Internet Computer network is valued at $2 billion, per the statement. The Switzerland-based firm is backed by notable investors, including Andreessen Horowitz (a16z) and Polychain Capital, having raised $102 million in August 2018.
 
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