Week in Internet Computer (#ICP) News, Feb 3, 2024

Important announcements

• The DFINITY team plans to launch a ckERC20 project aimed at introducing ERC20, including stablecoins, to the ICP ecosystem through ckUSDC and ckUSDT, aiming for quick and cheap transactions.

• zCloak team has launched a zkSTARK proof Maze game beta version on IC, offering a significant fee reduction compared to Ethereum/L2 for direct STARK proof verification.

• EVM RPC canister Beta version is live now, a fast and easy way to bridge your canisters to EVM smart contracts.

Governance Proposals

• Proposal 127516, add governance SNS canister wasm to SNS-WASM.

• Proposal 127662, Register a node provider 'Mariano Stoll'.

IC Protocol Updates and Forum Digest

•  Long Term R&D: Integration with the Ethereum Network

  • DFINITY team updated now the team is shifting focus to ckERC20, to support “twin tokens” on ICP for a subset of those ERC20 tokens.

• Zero Knowledge Internet Computer Virtual Machine

  • zCloak team updated a zkSTARK proof Maze game beta version is live on IC. The team said, a direct STARK proof verification, the ICP approach cost is around 10 cents, offering a significant fee reduction of several thousand times compared to Ethereum/L2 for direct STARK proof verification.

• EVM RPC Canister

  • DFINITY team latest update: EVM RPC canister Beta version is live now.

• ICRC-7: Minimal Non-Fungible Token (NFT) Standard

  • ICRC-7 is ready for working group adoption voting.

• ICRC-37: Approval handling for ICRC-7 NFTs

  • ICRC-37 is ready for working group adoption voting.

Applications & Builders

• Total Staked ICP:  246’756’113

• ckBTC: 229.1742

• ckETH: 228.3337

• New members in Ecosystem: Big welcome!

  • Proton, a Open Source SocialFi DApp 100% on Chain.

  • Octopus Network, a multichain #web3 ecosystem scaling appchain.

  • Datanome: The Decentralized Data Marketplace.

  • Web3Disk.app, a blockchain storage solution that enables fully owned secure e2e encrypted storage accessed in the browser and controlled by an II.

• Jan Global R&D Meeting:

  • The ICP Zero to Dapp Hackathon final submission date is Feb 11.

  • Tradable ECR20 tokens target cheap and fast ECR20 token transactions. And bring stablecoins to the ICP ecosystem through ckUSDC and ckUSDT. The DFINITY team estimates that this project will take some months to complete.

  • A new feature, trustworthy IC metrics, is targeted to provide visibility into node performance and adjust node rewards based on contributions.

  • Project Demo: Orally, a decentralized modular, customizable oracle solution for smart contracts.

• Ecosystem Projects Highlights:

  • GoldDAO:

    •  Proposed to stake 70% of the ICP raised by The Gold DAO from 2 to 8 years and stake donated OGY token in an Origyn neuron for 5 years.

  • Modclub:

    •  Proposed to increase proposal rejection cost to 2000 MOD.

  • KINIC:

    • Proposed to release 10,000 ICP from the Kinic Treasury to cover the costs of three core developers, community grants and a new community manager.

  • Sonic:

    • Proposed FE Updates for Blacklisted tokens.

  • OpenChat:

    • Signals announced integration of Openchat as message function module.

  • Dragginz:

    • SNS-1/DKP token minting are entering the final testing and forecast to be announced early next week.

  • Boom DAO

    •  Proposed to  upgrade World canisters.

Community Updates

• ChainFeeds community event, "Make Internet Great Again".

• @kylelangham engaged in a conversation with @technologypoet on her show @justcryptoshow.

• ICP.Hub Hong Kong kicked of ckBTC red pockets event to celebrate Chinese New Year.

• ICP.Hub North America arranged typerScript intro coding session at George Brown College.

• ICP.Hub Philippines joined Panimula 2024 to discuss and collabrate plans for 2024.

General Regulations

• Thailand's SEC is introducing crypto-friendly regulations, removing limits on asset-backed tokens for retail investors.

• The Bank of Japan and the Japanese government aim to resolve legal issues related to the issuance of a Central Bank Digital Currency by Q3 2024.

Industry News

• Dencun upgrade date to be set on ACDC next week.

• ENS deloyed Gasless DNSSEC Functionality, allowing the use of DNS names in ENS without requiring on-chain transactions.

• Polygon-powered Immutable zkEVM mainnet launches in early access mode.

• Google updated its ad policies, permitting certain cryptocurrency products to be advertised.

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