ICP Squad Weekly: The Internet Computer Is Preparing To Make Bitcoin Great Again

Vignesh Shetty
Vignesh Shetty
ICP Squad Weekly: The Internet Computer Is Preparing To Make Bitcoin Great Again

It has been a busy week with the ICP Squad NFT announcement, and the Bitcoin and Internet Computer Integration Proposal.

General DFINITY Updates

  • Over one million Internet Identities have been created.
dfinity.org
  • Initiation of project and design of Bitcoin <> Internet Computer integration Proposal was approved by Network Nervous System.
  • The Network Nervous system approved the initiation of Project and Design for allowing Canisters to Hold ICP Proposal.
  • Block count crosses 200 million.
  • DFINIHack winners announced by DFINITY Foundation | Medium Post - DFINIHack.
  • ICP League held an ecosystem conference and had more than 20,000 viewers.
  • Inside DFINITY Episode 4 Released.

Inside DFINITY and DFINIHack

Dominic Williams talked about hardware protection using encryption. He further introduced IC Vault, one of the DFINIHack winners on the series 'Inside DFINITY.'

Inside DFINITY | Episode 3

Episode 004 - Powering dapps that keep user data encrypted.

DFINITY conducted their second internal hackathon where 50% of members participated and had announced the winners and showcased demo on their Medium Post.

Here is the list of dapps and Demo clips on YouTube.

Winner Projects

  • Sidekick - Build canisters with A few lines of code | YouTube Link.
  • IC Vault - End-to-End encrypted synchronization of data between Devices; Save passwords | YouTube Link.
  • PrivIC - Identity management on the Internet Computer | YouTube Link.

Runner-Up Projects

  • DeFind - Staking-based search engine for Web 3 | YouTube Link.
  • IC Notary - Timestamped Notarization service for documents or files | YouTube Link.
  • IC Netboot - Allows Developers to boot up a Virtual Machine | YouTube Link.

BTC Integration Proposal

The Proposal to initiate the work on Bitcoin Integration was voted 'yes' by the majority of neurons.

The proposal details can be found on Internet Computer Association Dashboard.
A proposal (#20586) to initiate work for the “Direct Integration of the Internet Computer with the Bitcoin Network” was submitted to the NNS on September 15, 2021 at 15:00 UTC.

To keep up with BTC-ICP integration, Check the developer forums.

Direct Integration with Bitcoin
Summary The Internet Computer will add smart contracts to Bitcoin through an application of Chain Key cryptography that will directly integrate the networks. Smart contracts on the Internet Computer will be able to hold, send and receive bitcoin, without the need for private keys. Status Prepping …

Proposal to Enable Canisters to HOLD ICP

The Proposal to start the work for allowing all principals, including canisters, to hold ICP was submitted to the NNS and was voted yes by the Neurons. This will allow canisters and principals to hold and transfer ICP.

A proposal (#20588) to initiate work to “Enable All Principals, Including Canisters, to Transfer ICP Utility Tokens” was submitted to the NNS on September 15, 2021 at 15:00 UTC.

Check out the developer forum for more details.

Enable Canisters to Hold ICP
Summary Expanding support for all Canister types to be able to hold and transfer ICP tokens. Currently, for security reasons, only NNS Canisters and users may hold ICP tokens Status Discussing and working on a design proposal What you can do to help Ask questions Propose ideas Key people invo…

Few developers also caution against the security risks associated with allowing Canisters to hold ICP.

ICP Squad NFT Announcement

Last week we announced our NFT Project.

ICP Squad will be the first NFT game where owners can earn passive income by using their wallet and Internet Identity to engage with Internet Computer apps as they usually would, using a new reward model called Engage-to-Earn.

ICP Squad NFTs are Avatar characters that can wear accessories (which are also NFTs), and just by owning a character, you’ll have a chance to win an airdropped reward every time you take action on the Internet Computer!

The discord has not been made public yet, and we have 4000 members at the time of writing and are growing. ICP Squad also conducted meme contests on DSCVR, and the winner will get to Mint 1 ICP Squad NFT. Check out our announcement to learn more about the Project.

BREAKING: Dfinity Community To Launch The ICP Squad Engage-to-Earn NFT Game
ICP Squad will be the first NFT game where owners can earn passive income by using their wallet and Internet Identity to engage with Internet Computer apps as they usually would, using a new reward model called Engage-to-Earn.

Dapps Ecosystem

Toniq Labs

Toniq Labs has updated the Cronic Breeding mechanics. The testing will restart, and the test Cronics have been burned, but testers will be rewarded with Real CRN tokens for the burned Cronics.

  • Around 15,000 ICP worth of Cronics have been sold; the floor price sits around 5 ICP.
  • The breeding test token faucet cap was decreased to encourage the users to earn tokens by Siring ( lending out their cronics for others to breed).
Entrepot Review: The First NFT Marketplace
Entrepot.app, developed by Toniqlabs, is the first NFT Marketplace on the Internet Computer where users can store and trade digital assets

Distrikt releases Mobile Version for Android Users.

Distrikt released an Android version earlier this week. The application can be downloaded from Google Play Store. It provides a smooth user experience on Android, and the IOS version is not available yet. Although login takes a little time, I guess that can be improved.

Save the date - 22nd September |  Hackathon on DSCVR

DSCVR is experiencing rapid growth, and the site started to invite unwanted guests - that's right! - BOTS!

https://dscvr.one/post/359132/to-all-real-humans-and-not-bots

The Hackathon Season 2: The Integrated Game. DSCVR introduced a captcha system to slow down the bots.

Metascore

Metascore released details about the project and the Hackathon on its site https://oagmd-5iaaa-aaaah-qbnma-cai.raw.ic0.app.

Metascore Website

Metascore is a mega-leaderboard that aggregates scores from Hackathon games and rewards top players with transferable and non-transferable rewards.

Rank Badges are Non-Transferable Rewards

Metaverse

ICP Squad further fueled the NFT explosion on the Internet Computer with the announcement of ICP Squad NFTs. Meanwhile, here are some of the NFT Projects that surfaced recently.

Kyle Peacock created IC Canvas.

IC Canvas is an interactive art project/experiment where many people can contribute one pixel at a time.

After the week has concluded, two next steps will happen. Everyone who participates will receive an NFT of a single pixel of the canvas. Also, the final version of the canvas will be minted as a one-of-a-kind NFT and auctioned off, with 50% of the proceeds going to charity. - Kyle.

The NFT project ended earlier than the proposed time because it was vandalized by bots painting black pixels.

NFT Studio releases 3D NFT Engine DEMO


NFT Studio had also conducted an airdrop earlier this week. The 500 3D NFTs were claimed within few minutes of releasing the airdrop form.

ICPBunny new project

ICPBunny is user-generated NFTs. These Bunnies are yieldable and breedable. Each Bunny can bring you 10 carrots a day, and Carrots are the fuel for naming and breeding the Bunnies. Carrots are passive income for Bunny holders. The minting is done using Plug wallet, and the mainnet is yet to be released | Discord.

IC Gallery is a 3D Metaverse Gallery for the NFTs and runs entirely on-chain. The team has released snapshots of the gallery on Twitter | Discord.

credit: IC Gallery

Number Theory NFT

Number Theory NFTs will be available on Entrepot.app. Meanwhile, you can join the server | Discord.

IC Drip

Open-source devs have taken up the IC Drip project and are contributing to the further development | Discord.

Flash Updates: Next week will be DeFi and Dapps

  • ICPSwap has released a FAQ on Medium addressing many questions.
  • DFIstarter has released a detailed roadmap on their Medium post.
  • EarthWallet version 0.3 is live and increased the bug bounty to 10k USD.
  • DFinance added Plug wallet support.
  • Infinity Swap has released a snapshot of their product Infinity wallet on the website https://infinityswap.one.
  • Plug released V0.3.3 and teased the mobile wallet application on Twitter.
Plug Now supports EXT NFT standard.
  • Fleek released DAB:

That's it for this week. I need a Coffee!


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Previous Editions:

ICPSquad Weekly: NFTs Are Taking Off On The Internet Computer And Scaling is Improving
DFINITY and Internet Computer General UpdatesICPunks Launch stress-tested IC and flooded the subnet after it received overwhelming supportThe Community conversations are taking off as usual 🚀 The proposal for Canister capacity upgrade was successfully implementedCanister Smart contracts on the Inte…

Connect with the author: Twitter | Distrikt

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