Internet Computer Protocol (ICP) Ecosystem is HEATING UP | ep. 56

Today we explore the latest updates on the Internet Computer Protocol.

DeFi on ICP is looking ready to blow up with the new Sonic V3, ICPCC 2024 is about to start, more and more people are joining Taggr, and much more in today’s episode!

Episode 56 of the Blockchain Pill Weekly Review!

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Timestamps
0:00 Intro
0:11 ICP Price
0:59 Sonic V3
1:37 ICPCC 2024
2:20 ICP Staking breakdown
3:44 Taggr Update
5:32 Elna SNS Announcement
5:50 Plug Wallet Update
6:15 DFINITY Grants Program
6:43 Dragginz Token Split
7:36 Hot or Not Update
7:49 Join our Openchat Community
8:01 Outro

Welcome back to blockchain pill my name is Alex and today we’ll have a look at what’s been happening inside the ICP ecosystem and what new opportunities there are here for people that want to look and improve their lives and as always we’ll begin with the ICP price if

We recorded this video yesterday we could have been a lot more bullish because we were trying to break the $15 something happened the Bitcoin price dumped the whole crypto Market dumped everybody was celebrating that we were making alltime highs and of course crypto is crypto so all the prices now

Went down this is still in the range for us to be able to be positive we have been consolidating for the past 1 and a half months if this doesn’t look strong I don’t know what does with all the dumpage happening the IB price is strong

And it’s looking ready to go in my opinion it’s just a matter of time until we see new highs and we finally break this resistance here at what like $15 we’re going to break through that and I think there’s going to be a lot of happy

People in the ICP ecosystem so all in all we’re looking pretty good and one of the most bullish things things that’s going on right now in the ICP ecosystem is Sonic releasing the V3 incentivized test net which is now live for the people that are not aware whenever you

Wanted to swap your tokens using Sonic it would take a lot of time just to do the swap and with V3 we are going to have under 1 second finality which is really honestly something that a lot of people have been looking out for this is a huge update that Sonic has been

Working on for the past months here’s the Swap and it’s super super fast as soon as you click confirm the swap happens just look at it instantly I’m looking forward to see other updates from the Sonic team and how this will impact the defi space on the internet

Computer protocol so really great job the iccc is on the horizon it is the internet computer protocol Community Conference and it had its debut in 2023 it was a super big event for the ICP Community with a lot of ICP projects and a lot of ICP influencers I recommend you

Go and register to get your own virtual ticket right now the cool thing about it is that everybody will be able to attend this conference from the comfort of their home make sure you check their website because there’s an option for you to be an iccc 2024 host there’s a

Section with micro grants where you can apply to have your own mini conference with between 15 and 25 attendees and you can get a grant make sure you watch the podcast that will release later this week with ISAC where he explains everything and we have another cool ICP

Thread by our favorite base giant here he did a threat about ICP staking I think this is a very interesting subject because we’ve seen a lot of people start to change their mind about ICP staking thanks to the new utilities that we have for staking you’re now able to get loans

Using your ICP neurons as collateral and uh you can also sell your ICP neurons with your Stak ICP and get your money out sooner so let’s have a quick look at this thread with the nns instead of proposals being implemented by a select group of developers ICP holders actively

Participate in governance by locking their tokens into what are called neurons and then with those neurons you get voting power and you can vote and by by voting on what’s going to happen with internet computer protocol you are rewarded ICP that’s basically how staking works and currently by staking

Your ICP you can get up to almost 16% APR which is a crazy amount of APR like if you put your money in the bank first of all you’re going to lose a bunch of money to inflation and then you’re only making like 0.1% or like 1% I don’t even

Know what banks give you at this time and by staking ICP you’re staking an asset that will gain value in the future and you’re making 16% on top of that which I think is a great deal so really great thread here by Bas giant for the

People that are super super new to the ICP ecosystem and are hearing about staking for the first time I recommend you give this guy a follow he’s breaking complex things on the internet computer protocol and easy to digest threads I recommend you give him a follow I have

Covered tagger in a few videos in the past and a lot of other influencers have been starting to pick up tagger as well the most recent one is Vanessa AKA technology poet who actually has invited a ton of ICP people to her podcast which have done really really well Vanessa

Invited one of the OG tagger community members his name is mecha Kuan we also had him on our podcast if you’re having doubts and you’re still not on tagger I recommend you go watch this video Vanessa is such a good interviewer and the questions and how how the podcast

Went it really illustrates how tagger works and you know why people love tagger and how people are making an extra100 or $200 a week by posting a couple of pictures I think it’s super easy to supplement your income by using the platform and we’ve seen quite a few

Influencers and cont readers talk about it here it’s me and I’m here with Ru we actually met up for the first time here we did a workout at one of the gyms here in B Romania we talked about tager we talked about you know business in

General about families and we met on the internet and he’s such a cool guy so shout out to you Ru for the people that want to meet other people and with common interests honestly just cool people like tager is the place we’re going to have a meet up sometimes in May

We’re going to go to zurk and I think this is incredible how you can find a group of people from the internet and you meet with them in a different country I think this is a great example of how web 3 connects people and how people can get together by meeting on a

Web 3 Forum which is hosted on the blockchain this is mind-blowing that this is even a possibility and let’s have a look at the tagger price here the first time I mentioned the tagger price it was around $10 it went as high as $50 and we’re currently sitting just under

$30 I recommend you go and try out a platform honestly there is nothing to lose you can do your own research and decide whether or not you want to use the platform we’ll be here here and welcome everybody with open arms Ela one of the AI projects that we’ve had on our

Podcast in the past they announced that Ela SNS da is getting ready to debut so if you’re interested in Ai and AI agents I recommend you start doing your own research by watching the podcast where I had half of the founding team of Elna and to also check this definity forum

Post that goes more in depth plug wallet which is the number one ICP wallet currently in the EO system has a cool update for us actually for the Valentine’s Day they introduced QR codes payments in plug well in Mobile mobile both for IOS and Android you no longer

Have to worry that you didn’t misspell the receiving address you just scan the QR code you make the payment it’s a lot easier and I love seeing that like we need to make it as easy as possible for people to start using those apps great job plug wallet team I really like what

You guys are doing if you are not aware the definity foundation offers developer grants to teams that want to build on the internet computer protocol and those grants range from 5,000 to even $100,000 depending on the size and scope of your project we’ll leave a link to the grants program in the description

Below is going to be the first link you click look into it if you have an idea for a cool dap especially if it solves a problem that people are facing in the ICP community and we have an update from one of the most expected games in the ICP Community dragons announced that

They finished testing and are confident that minting will work as intended and the next step is for them to coordinate with exchanges to announce a date for the big day and what they’re talking about here currently the supply for Dragons token is only $10,000 tokens meaning that the price for one token is

Extremely high and what they want to do with the token split they want to expand the supply so if you’re holding one dragon’s token you’ll have 100,000 Dragon tokens and I think this is a very great update because honestly a lot of newbies they don’t really like to pay

$5,000 for a token and would much rather pay $5,000 for 100,000 tokens and this will also come in handy for in-game purchases because you will be able to buy for example a health potion for one dragons instead of you know buying a health potion for 0.000000 one dragons token and I think

This is a great update and I think it’s super super bullish for dragons and I’m looking forward to see it happen and finally we have an update from the hotter not team they’re in the process of migrating data from Heap to stable memory and they say that with stable

Memory they are able to store 400 GB compared to Heap memory which is only 4 GB this is a huge update if you’re not in our open chat Community make sure you join it there’s going to be a link in the description below we do a bunch of

Giveaways there you can ask questions and you can talk to me and other ICP community members so there there is really no reason not to be there and with that we’re done thanks for watching and I’ll see you in the next video