THIS is the Internet Computer (ICP) Dip You've Been Waiting For | ep. 64
Summary
TLDRIn this Blockchain Pill video, Alex discusses the ICP ecosystem's recent developments, highlighting the interview with Dominic Williams and the strong base formed after a 3-month consolidation. Despite market fears and Bitcoin's drop, Alex remains bullish on ICP, seeing the dip as a buying opportunity. Definity's activities, including Paris Blockchain Week's impact and the Olympus accelerator, are also covered. The upcoming ICP Community Conference is teased, along with updates on projects like Dragons and Boom Da, emphasizing the ecosystem's growth and potential.
Takeaways
- 📈 The ICP price and overall crypto market experienced significant fluctuations, with Bitcoin dropping from $77,000 to almost $60,000.
- 🗣️ Alex mentioned that ICP was preparing to reach $38 if Bitcoin remained stable, but the market dip affected this projection.
- 💡 Despite the market downturn, Alex viewed it as a strong buying opportunity for ICP, having purchased more himself at around $11.
- 🔗 Definity had a busy week, with Dominic and the team attending Paris Blockchain Week and showcasing the unique capabilities of ICP, such as on-chain AI.
- 🤖 Dominic discussed the potential of smart contracts that can span multiple blockchains, highlighting ICP's interoperability advantage.
- 🚀 Definity introduced Olympus, an on-chain web 3 accelerator with $15 million in funding, aiming to foster inclusivity in the ICP ecosystem.
- 🌐 The ICP Community Conference (IPCC) is approaching, with global meetups and a significant airdrop event planned for May 10th.
- 🎉 The IPCC aims to decentralize the conference structure, allowing participants to become part owners and influence future events.
- 🐉 Dragons, a notable ICP project, got listed on Helix markets, enabling trading of the DKP token with a USDC pair.
- 📝 Mod Club deployed a revolutionary on-chain AI model, Redactor, to detect and obscure abusive language in text, improving platform safety.
- 🎮 Boom Da announced the launch of its Alpha version and the first game to go live on its ecosystem, IC kitties, showcasing progress in their infrastructure development.
Q & A
What was the speaker's prediction for ICP price last week?
-The speaker predicted that if Bitcoin doesn't do anything silly, ICP is preparing and getting ready to go to $38.
How did the speaker react to the recent drop in cryptocurrency prices?
-The speaker viewed the drop as a buying opportunity and purchased more ICP when the price was around $11, showing support for the project.
What significant event happened at Paris Blockchain Week involving the ICP ecosystem?
-Dominic, the founder of ICP, took the stage at Paris Blockchain Week to talk about AI smart contracts and the unique capabilities of the Internet Computer Protocol.
What is the main advantage of ICP's smart contracts according to the speaker?
-ICP's smart contracts can read from and write to different blockchains, enabling developers to create smart contracts spanning multiple chains without relying on any trusted intermediary.
What is the purpose of the Olympus onchain web three accelerator?
-Olympus aims to foster inclusivity within the ecosystem by creating a marketplace accessible to qualified projects without permission, with $15 million in funding and mentorship from various investors.
What is the ICP Community Conference (IPCC) and what can attendees expect?
-The IPCC is an event dedicated to highlighting projects and builders in the ICP ecosystem. Attendees can expect a celebration with like-minded ICP enthusiasts, ICP meetups in 20 cities worldwide, and a galactic airdrop during the May 10th conference.
How has the Dragons project progressed within the ICP ecosystem?
-Dragons have been listed on Helix markets, allowing for the trading of their DKP token with a USDC pair, which is a significant development for the project and the ICP ecosystem.
What new feature did the Mod Club team deploy onchain?
-The Mod Club team deployed a reactive onchain AI model called Redactor that detects abusive language in text, utilizing a convolutional neural network for more accurate and nuanced detection.
What update was announced by Boom Da and P Arena?
-Boom Da and P Arena announced the official launch of the Boom Gaming Guild Alpha version, with the first game to go live on the Boom ecosystem being IC Kitties.
What is the speaker's perspective on the current state and future of the ICP ecosystem?
-The speaker believes that a lot has been happening within the ICP ecosystem and is optimistic that the prices will start reflecting the developments and progress made.
What is the significance of the 9-hour live code drop during the May 10th ICP Community Conference?
-The 9-hour live code drop will allow participants to claim rewards and dive into the ecosystem, making the event interactive and engaging for the ICP community.
Outlines
📉 ICP Market Analysis and Interview Highlights
This paragraph discusses the recent trends in the ICP ecosystem, focusing on the price of ICP and the overall state of the crypto market. It mentions a significant event where the speaker, Alex, met Dominic and conducted an interview. The discussion revolves around the anticipation of ICP reaching $38, the impact of Bitcoin's price fluctuations on the market, and the perception of the current market situation as a buying opportunity. Alex shares his personal decision to buy more ICP during the downturn and expresses optimism about the future price trajectory. The paragraph also highlights the importance of on-chain AI and the unique capabilities of ICP, as demonstrated by Dominic at Paris Blockchain Week, which led to a surge in internet identities created on the platform.
🌐 ICP Community and Project Updates
The second paragraph delves into the activities within the ICP community and ecosystem. It talks about the upcoming ICP Community Conference (ICCC) and the global meetups that are being organized in various cities. The speaker encourages participation in these events and mentions the 'galactic airdrop' that will occur during the conference. The paragraph also covers the progress of specific projects within the ICP ecosystem, such as Dragons being listed on Helix markets and the development of the Mod Club's on-chain AI model for detecting abusive language. Additionally, it discusses the updates from Boom Da, including the launch of their Alpha version and the integration of the first game, IC kitties, into their infrastructure. The speaker concludes by emphasizing the importance of these developments and the potential for the ICP ecosystem to flourish.
Mindmap
Keywords
💡ICP ecosystem
💡Bitcoin
💡Dominic Williams
💡On-chain AI
💡Definity
💡Interoperability
💡ICP Community Conference (ICCC)
💡Helix markets
💡Stable coin
💡Decentralized gaming guild
💡Airdrop
Highlights
Interview with Dominic Williams, the founder of ICP, discussing the unique capabilities of the Internet Computer Protocol (ICP) and its advancements over competitors.
ICP's price prediction of reaching $38, based on previous trends and market analysis.
Bitcoin's significant drop from $77,000 to almost $60,000, influencing the overall crypto market sentiment.
The importance of ICP's three-month consolidation period, leading to a strong base for potential growth.
The opportunity to buy ICP at a lower price during market fear, emphasizing the potential for future gains.
The healthiness of the market correction, providing a chance for a more sustainable growth cycle.
Definity's activities, including Dominic's talk at Paris Blockchain Week about AI smart contracts and the impact on ICP's perception.
The demonstration of the first on-chain AI and its significance for the Internet Computer Protocol.
The establishment of over 35,000 new internet identities following the AI on-chain demo.
Chain Fusion smart contracts allowing interoperability across major blockchains without intermediaries.
Olympus, the on-chain web 3 accelerator platform, receiving $15 million in funding and mentorship.
The upcoming ICP Community Conference (IPCC) and the plans for a decentralized and community-driven event.
The ICP ecosystem's growth, with 20 cities worldwide buzzing with ICP energy and meetups.
The galactic airdrop during the May 10th ICPC conference, offering live codes and rewards.
Dragons, one of the favorite ICP projects, getting listed on Helix markets for trading with a USDC pair.
Mod Club's deployment of an on-chain AI model, Redactor, to detect and obscure abusive language in text.
Boom Da's updated gaming guild website and the launch of its Alpha version with IC kitties as the first game.
The need for Boom Da to deliver on promises and regain investor trust amidst token price decline.
Transcripts
welcome back to blockchain peill my name
is Alex and today we'll see what's been
happening inside the ICP ecosystem the
previous week and the most exciting
thing that happened last week is I
finally met Dominic and we did an
interview together but more than that
later let's start with the ICP price and
with the crypto prices in general
because if you spend any amount of time
on X the previous days you would think
that Bitcoin is now trading at sub
$30,000 World War III almost started and
you would think that everything is
finally over and we're going to zero and
remember last week I said that if
Bitcoin doesn't do anything funny I
think that ICP is preparing is getting
ready to go to $38 we have been
consolidating on top of the previous
range and gaining more and more power if
Bitcoin doesn't do anything silly we are
set to go all the way up to about 37 $38
if everything goes according to planet
and of course what did Bitcoin do it
went down from
$772,000 all the way to almost $60,000
crypto Twitter was extremely bearish
everybody thought that we're going to
zero literally every single coin dumped
30% 20% 50% Solana dropped from $210 to
almost $100 $120 crazy ICP the good
thing about consolidating for 3 months
is that we now have a very very strong
base and as long as we will not break
under it I think we are good to go
unfortunately I think that a lot of
people got scared and sold all of their
crypto with the bad news that were
coming but think about it if you liked
ICP when ICP was $20 and now it is $122
this is a great buying opportun
opportunity this is a buying opportunity
that I think we will not see in the
future we are literally two or 3 days
away from the Bitcoin having and people
are selling their crypto which is insane
to me when everybody was bearish I
bought some more ICP around $11 and two
pennies or something to show the ICP
community that I believe in ICP now more
than ever I think this is a great buying
opportunity and I think that we are
going to go much much higher this
correction is very healthy because if we
kept going up and up and up and up and
up you know you you got to stop
somewhere a lot of people were calling
for a shorter cycle and I think that
this correction if it's going to turn
into a longer correction I think that is
even better because we'll have time to
expand this cycle and by expanding the
cycle we are going to hit higher prices
I would have loved for the prices to
keep going up and up and up and up but I
use this opportunity to load up on more
ICP and I'm looking forward to see where
the price is going to go and you know
what we'll keep you guys updated every
week like we have been doing for so many
weeks already let's have a look at what
definity has been up to the previous
week because it's been quite a week for
def like so many things going on as many
of you guys know Dominic and the
definity team were present at Paris
blockchain week Dominic took the stage
and talked about AI that is a smart
contract why and how and we all remember
the demo that Dominic did about the
first onchain Ai and how that affected
the price and people's perception about
the internet computer protocol now all
of a sudden people realize that ICP can
do something that no other blockchain
can do and that is a huge deal and
Dominic took the stage here is a picture
of Dominic on stage I arrived at Paris
blockchain week 20 minutes after and
here comes the cool part because I
managed to get in touch with Dominic's
team so shout out to Ricardo and shuti
which got me in touch with Dominic and I
actually managed to do my very first
interview with Dominic Williams himself
and we talked about what ICP does you
know why onchain matters why ICP is way
ahead of all of its competitors and if
you didn't watch this interview I highly
High recommend you actually go and watch
it I have to say like Dominic is such a
chill guy so passionate about the
internet computer protocol and after
having met him I can safely say that I'm
now more bullish on the internet
computer protocol than I have ever been
a huge shout out and thank you to Paris
blockchain week with whom I got in touch
and they managed to get me interpr
blockchain week to have this interview
with Dominic and to my surprise it took
them like 10 minutes thank you very much
for making this possible definitely
posted at over 35,000 new internet
identities have been created and this
was just after Dominic did the AI
onchain demo so it's really nice to see
this huge increas in Internet identities
we have an article about chain Fusion
smart contracts can now span multiple
blockchains in enabling webbased
multi-chain wallet trustless asset Twins
and let's have a brief look at this
article here ICP enables direct
interoperability with all major
blockchains including Bitcoin ethereum
other EVMS and very soon Solana without
relying on any trusted intermediary this
is unique compared to other blockchains
ICP smart contracts can read from and
write to different chains enabling
developers to write smart contracts
spanning different chains definity
introduced Olympus an onchain web three
accelerator so $15 million of funding
and mentorship from various investors
Olympus is set to launch on the internet
computer as the first decentralized
onchain web 3 accelerator platform
aiming to Foster inclusivity within the
ecosystem by creating a Marketplace
accessible to qualified projects without
permission so a lot of stuff happening
for definity it was a pretty busy week
for Dom and the team let's have a look
at what ICP Community Conference has
been up to we're actually less than one
month away from ipcc kickoff let's have
a look at the thread for the past few
months the iccc team has been dedicated
to making ICPC amazing we're honored to
highlight the incredible projects and
builders in the ICP ecosystem the
brightest we've ever seen it's organic
it's real and it's all thanks to you
from Berlin to Milwaukee 20 cities
worldwide each of them buzzing with ICP
energy so there's going to be a bunch of
ICP meetups happening around the world I
recommend you go check their website to
see if there is a conference near you I
recommend you go there and celebrate it
with other like-minded ICP people
there's going to be a huge ICP ER drop
during the May 10th ICP conference iccc
is going to drop live codes for 9 hours
you can claim rewards and dive into the
ecosystem with the galactic airdrop and
then on May 10th you won't just be
attending ICPC you'll be taking it over
the next iccc will be organized by the
people and I did a podcast with ISAC
which I recommend you go watch if you
haven't watch it already during the May
10th onboarding event they're planning
to decentralize ICP Community Conference
via the SNS and everybody who
participates in this sale will become
part owners and will decide how the next
conferences are going to happen so if
you haven't already registered to ICPC
2024 I recommend you go and get your
ticket it is free on Evan bright the
link is going to be in the description
below to get your free ticket and let's
have a look at what the icps ands
projects have been up to and one of the
biggest news comes from dragons which
are one of my favorite projects on the
internet computer protocol they have
been listed on Helix markets and finally
we are able to trade the dkp token with
an usdc pair because we don't have a
stable coin on the internet computer
protocol a lot of people have been
complaining that I want to be able to
trade ICP tokens versus you know a
stable coin and now on Helix markets you
are able to trade dkp with an usdc pair
and I love seeing that I want to see
more ICP projects getting listed on
Helix markets and I think the next one
is probably going to be like Sonic if
it's not listed already how or not which
is now viral and and so on so this is
very positive for Dragons this is has
been one of the best performing tokens
inside the ICP ecosystem secondly we
have mod club with some exciting news
the mod club team deployed a re uary
onchain AI model called redactor that
detects abusive language in text the
lead AI engineer explains how it works
in this video basically they utilize
gpt2 tokenizer hosted onchain as a
canister to efficiently segment input
text into individual tokens the level of
blur applied to each token is determined
by its score effectively obscuring
harmful content this Innovative system
leverages a convolutional neural network
to analyze the context of nearby words
leading to more accurate and nuanced
detection we have an up update from Boom
Da the boom gaming guild website has
been updated with the latest SNS
proposals it now shows the value
proposition of the first ICP gaming
guild play games complete quests and
have fun get meme coins earn token
rewards and farm airdrop and the first
5,000 people that register will get an
air drop badge and can claim free boom
tokens on their website then there's
another big update from Boom Da and P
Arena they announced the official launch
of the boom gaming guild Alpha version
and the first game to go live on the
boom ecosystem comes from an amazing
team and strong Community IC kitties
that is pretty cool that Buda has been
improving their infrastructure and now
we finally see the first game to use the
Boom Da infrastructure and I am aware of
the Jerry Banfield video about boom and
they better start delivering it because
it is true the token price has been
going down and down and down and down
absolutely I agree that they have a lot
of work to do and a lot of catching up
to do to regain the trust of the
investors so I'm looking forward to see
more and more games getting added to the
Boom Da infrastructure and to get them
interconnected and see them deliver on
the Promises they made so we can all
agree that a lot has been happening
inside the ICP ecosystem and I think
that the prices are going to start
reflecting that as well so stay strong
and we'll keep updating you every week
with what's been happening inside the
ACP ecosystem and with that we're done
thanks for watching and I'll see you in
the next video
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