The Dfinity Foundation, after raising over $100 million in 2018, assembled a team of 200 cryptographers to develop the Internet Computer Protocol (ICP). The mainnet was launched in 2021 with the potential to revolutionize the Web3 space, but it faced numerous challenges, resulting in a drop in the ICP token price. However, the underlying technology remained robust, though largely unrecognized.
From October 2023 to January 2024, the ICP token experienced a significant surge, rising by 490% and capturing the market’s attention. This rally highlighted ICP’s recent advancements, particularly its ability to host decentralized applications and AI models.
As a result of this revival, the ICP community rapidly expanded, leading to the formation of a new decentralized autonomous organization (DAO) that will oversee the ICP ecosystem conference series (ICPCC). Scheduled for May 10, the event will consist of a global livestream and community-organized watch parties in major cities worldwide.
During the ICPCC livestream, the event series will transition into a fully decentralized DAO through a decentralization swap sale. The newly formed entity, ICPCC DAO LLC, will operate as a community-owned, self-sustaining conference event series that celebrates the Internet Computer Protocol and its impact on the broader Web3 space.
One of the highlights of the ICPCC24 conference will be the premiere of the documentary “Cracking FTX.” This documentary aims to expose the alleged market manipulation by the now-defunct crypto exchange FTX during the ICP token launch. The film will feature interviews with prominent figures in the blockchain and crypto community.
The CLOWN community, a gold sponsor of the ICPCC, will also participate in the event. They will onboard new “ICP Clowns” and promote ICP-powered projects without permission or provocation. Another project, Windoge98, will bring the look and feel of Microsoft Windows 98 to the blockchain with a “Doge” sauce.
Despite a rocky start, the ICP blockchain has found stability thanks to the Dfinity Foundation’s commitment to delivering on the promises of the technology and infrastructure. The ICP ecosystem has integrated with key blockchain protocols and launched a Web3 accelerator platform, attracting over 300 developers and earning a place in the top 5 development activity charts.
The ICPCC24 conference will showcase the growth of the ICP community and highlight the potential of ICP in bringing emerging technologies like AI to Web3.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making any investment decisions.