World Mobile Partners with Tenity, Unveils $25 Million Grant Program to Drive DePIN Innovation
London, England, January 23rd, 2025, Chainwire
World Mobile, the decentralized wireless network, has announced the launch of its $25 million Grant Program in collaboration with Tenity. This initiative, aimed at fostering Decentralized Physical Infrastructure Network (DePIN) innovation, promises to catalyze a new wave of blockchain-driven solutions that blend decentralized technologies with physical infrastructure.
World Mobile has teamed up with Tenity, an early-stage investor and global leader in innovation programs and startup acceleration, to manage the Grant Program. With a presence in six international hubs and a track record of facilitating more than 250 corporate-startup collaborations, Tenity has supported many successful ventures in the Web3 space, and is working with global partners like VISA, SIX, Ripple and Microsoft.
Through this partnership, Tenity will leverage its expertise to identify and mentor projects capable of addressing key challenges in decentralization, blockchain adoption, and governance and incubate them to build on the World Mobile Chain.
“By partnering with Tenity, we’re ensuring that the World Mobile Chain Grant Program doesn’t just fund projects but provides the guidance and resources necessary to drive scalable, impactful innovation,” said Micky Watkins, CEO of World Mobile Group. “This collaboration reflects our commitment to empowering developers who share our vision of a decentralized, inclusive future. Together, we can unlock the potential of DePIN to transform telecoms and expand connectivity to underserved communities.”
“We are excited to partner with World Mobile on this transformative initiative. The World Mobile Chain Grant Program is an extraordinary opportunity for developers to push the boundaries of blockchain and decentralized infrastructure. We look forward to guiding these projects and helping them achieve meaningful impact in the DePIN ecosystem,” said Andreas Iten, CEO at Tenity.
The $25 million Grant Program offers funding starting at $5,000 and is open to a diverse range of applicants, from early-stage startups to established enterprises. Its goal is to spark innovation across the DePIN ecosystem, with a particular focus on:
- Decentralized Communications: Infrastructure and services enabling secure, scalable connectivity.
- Cross-Chain Interoperability: Bridging Web2 applications with Web3 ecosystems.
- On-Chain Governance and Security: Developing models and practices that enhance network resilience.
- Decentralized Identity Management: Leveraging zero-knowledge technologies for privacy and security.
- Tokenization of Real-World Assets: Creating blockchain-based solutions that bridge the physical and digital worlds.
The World Mobile Chain Grant Program is underpinned by the capabilities of the World Mobile Chain (WMC), which last week reached a significant milestone with the launch of its public testnet. WMC is the first blockchain purpose-built for Decentralized Physical Infrastructure Networks (DePIN). An EVM-compatible Layer 3 developed on Base, WMC provides a high-performance platform that has already attracted multiple projects, including recognized industry leaders, who have chosen to build on WMC over other blockchains.
The partnership with Tenity and the launch of the World Mobile Chain Grant Program signify a pivotal step in World Mobile’s mission to create a more inclusive, decentralized telecom ecosystem. By combining funding, mentorship, and technical resources, this initiative is set to unlock new opportunities for innovators and investors alike.
About World Mobile
World Mobile is democratizing global connectivity through its blockchain-based Decentralized Physical Infrastructure Network (DePIN). Unlike traditional telecom providers, World Mobile operates on a sharing economy model, enabling individuals and communities to run nodes, connect their networks, and earn rewards. For more information, visit: https://worldmobile.io.
About Tenity
Tenity is a global innovation ecosystem and early-stage investor with expertise in Web3 and fintech. Since 2015, Tenity has managed over 100 corporate innovation programs and supported more than 250 collaborations globally. Its alumni have achieved significant success, securing funding and scaling internationally. For more information, visit: https://www.tenity.com.