The Wireline Developer Fund will be investing in the developers that are crafting the next generation of the cloud. The fund will seed the App Exchange with high quality building blocks for applications, and ensure developers receive payments from the App Exchange.
To enable a rich microservices marketplace, Wireline is raising the largest developer fund to invest in open-source projects that are building the next generation of cloud computing.
Microservices have revolutionized the delivery of large software service providers at the most advanced companies such as Netflix; serverless compute frameworks are freeing the developer from managing physical or even virtual infrastructure. This produces radically lower costs, faster timeto-value.
Although microservices have transformed the advanced Silicon Valley companies, the immaturity of tooling and operational overhead prevents greater traction in the typical Enterprise IT department.
In addition, while Open Source software development has revolutionized Enterprise software, the rewards and benefits of producing Enterprise-grade Open Source software has largely been muted by the lack of monetization for Open Source, and by direct competition from Amazon Web Services. This leaves the highly skilled Open Source developers without a significant path to harvesting the value of their work. SUMMARY.
Wireline is building an ecosystem that will directly enable Enterprise IT to consume microservices at scale. This is a large addressable market, with IT spending projected to grow to $1.5 billion by 2020.
The focal point will be a microservices exchange: an opportunity for the vast community of open source developers to monetize Enterprise focused projects; a marketplace for businesses to discover, test and integrate microservices that can be seamlessly combined to build customized solutions.
Wireline has developed the necessary framework and systems to host and operate these solutions, and the platform to support this community.
Wireline’s Token Sale will establish the largest open source developer fund to seed this ecosystem.