CV Labs and DFINITY Foundation Forge Strategic Partnership

Zug, Switzerland, 18 July 2024. CV Labs, the dedicated Swiss blockchain ecosystem builder and startup accelerator announces a formal partnership with the DFINITY Foundation, creator and main contributor to the Internet Computer Protocol (ICP). This collaboration is a formalized milestone in an ongoing working relationship between two pioneers from the world's most mature and favorably regulated blockchain hub, Crypto Valley. 

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Uniting forces for blockchain progress‍

The partnership between CV Labs and DFINITY aims to accelerate the development and deployment of decentralized services worldwide. CV Labs’ robust globally connected ecosystem, combined with ICP’s evolutionary blockchain technology, will foster utility and interoperability in the blockchain space. The strategic collaboration underscores the shared vision of CV Labs and DFINITY to evolve the global economy through decentralized technologies sustainably.

The partnership will also see the Internet Computer as one of the headline partners for CV Summit 2024, as well as the Web3 Hub Davos 2025.

“Partnering with CV Labs is a natural fit for DFINITY. Their commitment to nurturing blockchain innovation aligns perfectly with our vision of a decentralized internet. We look forward to working with the CV Labs community to build and scale groundbreaking technology that will shape the future of the Internet. By collaborating with CV Labs, we can offer startups the technology resources and guidance they need to succeed and concurrently drive widespread adoption of ICP” said Tracy Trachsler, Head of Institutional Relations at the DFINITY Foundation.

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Global presence in leading blockchain hubs

CV Labs is the ecosystem pillar of CV VC, the global blockchain investor which has invested in 66 startups across 21 countries. CV Labs has active teams in tech hotspots throughout Switzerland, Liechtenstein, South Africa, Germany, and Portugal. CV Labs is currently accelerating 7 new startups from 3 continents and is preparing to host global pioneers, who return annually to the 10th CV Summit in the true home of blockchain evolution, Crypto Valley.

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Empowering blockchain as the sustainable alternative to corporate cloud services

The Internet Computer is a third-generation blockchain that extends the functionality of the Internet from a network that connects devices globally to a computing platform that hosts systems and services directly on the blockchain. The Internet Computer is currently used by millions of users and runs thousands of applications. Applications on the Internet Computer are built from smart contracts giving them the security features from blockchain including tamperproof and unstoppability. 

Different from other blockchain platforms, smart contracts on the Internet Computer are very powerful on par with traditional software: they can serve web content, interact with any other Internet service, and process large amounts of data. A further difference is that thanks to the unique architecture and novel cryptography, the Internet Computer is very energy efficient comparable with traditional software that runs on Big Tech's cloud services, and orders of magnitude lower than competing blockchains. Users can directly interact with smart contracts with their browsers just like a regular website - they do not need anything else (such as a wallet or holding any crypto tokens), ready for mass adoption. This collaboration will enable startups and developers within the CV Labs community to build, host, and serve decentralized applications directly on the internet, bypassing traditional centralized servers. 

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A significant milestone to drive industry growth

This partnership between CV Labs and DFINITY will provide unparalleled resources and opportunities for startups and developers. By using ICP’s advanced technological infrastructure, the CV Labs ecosystem, the collaboration will be able to build cutting-edge applications that are secure, scalable, and accessible to users worldwide.

In conclusion, Benedek Orban, Head of Ecosystem at CV Labs, stated, "Our formalized partnership with DFINITY is a testament to our shared vision of accelerating blockchain innovation. Having collaborated closely in the past on various initiatives, we now look forward to providing unparalleled support to startups and bringing the transformative potential of ICP to a global audience.”