Upstreet DAO Scores $50,000 Grant from DFINITY Foundation!

In an exciting development, Upstreet DAO has just received a hefty $50,000 grant from the DFINITY Foundation. 

This financial boost is set to fuel Upstreet's mission to decentralize its tech setup using the Internet Computer blockchain. It's a nod to the potential seen in tapping into the Internet Computer's capabilities on the journey toward complete decentralization.

Major kudos to DFINITY for supporting this initiative! This collaboration opens doors to securely and efficiently decentralize key parts of Upstreet's infrastructure. 

As they consider integrating Upstreet with the Internet Computer, there's an eagerness to deepen the partnership with DFINITY and stay on top of the Internet Computer's progress. 

The talk about on-chain multiplayer and AI possibilities is definitely getting attention!

Why is all of this a big deal? Well, for Upstreet, it's not just about forming a DAO or spreading governance around. The real goal is to construct Upstreet on resilient, community-owned infrastructure.

By using the Internet Computer as a decentralized cloud, Upstreet aims to remove single points of failure and ensure community ownership of its core components. 

This move acts as a shield against potential censorship, manipulation, downtime, and other risks tied to centralization.

But why did they choose the Internet Computer? Turns out, it offers a range of features perfect for decentralizing projects like Upstreet:

• Hosting front-end experiences on-chain.

• Cost-effective on-chain storage.

• WASM virtual machine.

• Reverse-gas model.

• High transaction speeds.

• Built-in HTTP outcall functionality.

These features are set to be leveraged in the gradual decentralization of the Upstreet technology stack! Exciting times ahead.