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A blockchain start-up dubbed the "world computer" has raised $102 million in funding from Andreessen Horowitz and crypto hedge fund Polychain Capital, among others.

The start-up, Dfinity, will use the money to hire employees and fund other initiatives, founder and chief scientist Dominic Williams told CNBC. Dfinity is trying to build a decentralized cloud computing network that could displace the current giants in cloud services.

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