• 24 June, 2024

Internet Computer (ICP) Boasts Growth From DAOs to Startups

The Internet Computer Protocol (ICP) ecosystem has witnessed a surge in activity recently with notable strides made in areas like decentralized autonomous organizations (DAOs), developer experience and startup incubation. This dynamic progress underscores the network’s continuous evolution and potential for wider adoption. DFINITY Foundation, a major contributor to the Internet Computer blockchain, shared the updates in a recent X thread:

ICP bridges the gap between familiar app development and blockchain. It allows building expressive and scalable applications like traditional apps, while enjoying the security and decentralization of blockchain technology.

Source: DefiLlama

The Internet Computer secured impressive rankings on DeFiLlama’s recent active DAOs list and occupied eight out of the top 16 spots. The Network Nervous System (NNS) emerged as the leader, while ckBTC clinched the seventh position in the Cross Chain TVL category. This showcases the vibrant DAO landscape flourishing on the ICP and highlights its potential for decentralized governance and community-driven initiatives.

Recognizing the crucial role of developers in building the future of the internet, the ICP team prioritized improvements to the developer documentation. Updates include a revamped UI, streamlined content and reduced redundancy. This creates a more user-friendly and accessible experience. This commitment to developer support aims to attract more talent and accelerate the creation of innovative applications on the network.

Source: DFINITY 

In collaboration with the City of Lugano, the ICP launched the Web3 Startup Incubator program. This initiative seeks to empower promising startups leveraging ICP technology to build groundbreaking Web 3.0 solutions. Six Swiss and Italian startups were recently selected for the inaugural six-month cohort, receiving funding, mentorship, and comprehensive support to propel their ventures forward. This program fosters innovation and paves the way for widespread Web 3.0 adoption through practical applications.

Lastly, recognizing the need for efficient development tools, the ICP team implemented a protocol-level solution for chunked Wasm uploads. This feature which is now active on the mainnet will significantly reduce build and compilation times, streamlining the development process for creators building on the network. This technical advancement enhances the overall developer experience and facilitates faster iteration cycles for novel applications.

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