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Dfinity is a non-profit organization that develops Internet Computer. Internet Computer is a blockchain network that hosts smart contracts. Dfinity uses ICP as its native token. 


Dominic Williams conceived the Internet Computer in 2015. His idea was to build a world computer that would never go off. He founded Dfinity in October 2016 and registered it in Zug, Zwitserland. Venture capital firms like Polychain Capital, SV Angel, and Andreessen Horowitz invested more than $195 million into Dfinity. Dfinity distributed over 35 million Swiss Francs worth of DFINITY tokens among early users during an airdrop that took place in May 2018. 

Development of Dfinity

From 2019 to 2021 Dfinity was developed in several stages called Copper, Bronze, Tungsten, Sodium, and Mercury. Since 30 June 2020 third-party developers are able to use the platform to build apps on. At the moment over 500 developers and 250,000 users use Dfinity.

The Internet Computer Price Drop

In June 2021 Internet Computer’s price dropped by 95%. 44 Probable ‘’insider addresses’’ dumped 10 million ICP tokens on cryptocurrency exchanges, causing a huge price drop. 

Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized. 

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.


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