THIS is the Internet Computer (ICP) Dip You've Been Waiting For | ep. 64

Summary

In 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.