Week in Internet Computer (#ICP) News, Nov 25 , 2023

Important announcements

• SingularityNET and DFINITY Foundation partnered together to build AI Models that run on smart contracts.

• The SNS tokenomics analyzer has been updated with new features such as a matching funding graph, a new slider for total NF maturity simulation, and improved design.

• PocketIC v2.0.0 allows canister developers to test in multi-subnet settings.

Governance Proposal

• Proposal 126094, The proposal proposes a new resource reservation mechanism to discourage fluctuating usage patterns by increasing costs while maintaining consistent costs for long-term users.

• Proposal 125367, Internet Computer topology - Optimization model.

New Nodes Provider Proposal

• Proposal 126071, Register a Data Vault datacenter as NZ1 in Oceania,NZ,Hamilton.

• Proposal 126062, Register a node provider 'ZTLC PTE LTD'.

• Proposal 126027, Register a 5g networks datacenter as me3 in Melbourne,AU,Victoria to add more nodes.

• Proposal 126026, Register MasterDC datacenter as pa1 in Europe,CZ,Praha.

• Proposal 126021, Register DEAC datacenter as rg2 in Europe,LV,Riga.

• Proposal 126013, Register Nano datacenter as rg3 in Europe,LV,Riga.

• Proposal 126012, Register Central Tower DC datacenter as wa2 in Europe,PL,Warszawa.

Events This Week

• btc startup lab offered firsthand insights on propelling the #BTC economy on Multi-Chain Mondays.

• Crypto Fest, Cape Town, South Africa.

IC Protocol Updates and Forum Digest

• PocketIC: Multi-Subnet Canister Testing

  • PocketIC v2.0.0 allows canister developers to test in multi-subnet settings, with updates to Rust library and Python library in server version.

• Fiat on-ramp integration in the NNS dapp

  • a single fiat on-ramp provider will be implemented for testing, followed by adding more providers to cover various fiat currencies and countries.

• SNS Tokenomics Analyzer

  • The analyzer has been updated with new features such as a matching funding graph, a new slider for total NF maturity simulation, and improved design.

SNS Updates

• SNS: THE GOLD DAO by DAO.Link

  • Announced the creation of The Gold DAO SNS.

• Upcoming Querio SNS decentralization sale

  • Updated in IC forum to included instructions for reproducing builds with Docker. Proposal 126081 raised to create SNS-DAO for Querio.

• Upcoming TRAX SNS decentralisation sale

  • Team stated about the business model: use a marketplace model where fans pay artists directly.

Applications & Builders

• Total Staked ICP: 247’438’897 ICP (48.5%)

• New members in Ecosystem: Big welcome!

  • RubaRu: Building On-Chain Regenerative Creator-Consumer Economy.

  • Proton: a decentralized social media.

• Ecosystem Projects Highlights:

  • Openchat

    • Proposal 531 aims to integrate the Windoge98 ($EXE) token into the OpenChat wallet.

    • Proposal 512, The proposal suggests that OpenChat SNS votes directly on NNS proposals for 'Governance', 'SNS & Neuron Fund', and 'Network Economics', following Dfinity on other topics, with the 8-year neuron as voting neuron.

  • BOOMDAO

    • motion proposal raised about the design for BOOM Gaming Guilds roadmap.

  • Catalyze:

    • Approved the proposal about the establishment of the Catalyze DAO Association in Geneva, Switzerland.

  • ModClub:

    • Proposal is raised to request Modclub DAO approval to allocate 13,200 ICP from the Modclub Treasury to The Modclub Foundation for corporate secretary consulting, legal contract drafting, and recruitment fees.

  • Sonic

    • Proposal about an update to the main app website, specifically focusing on ICRC2 Token Support and identifying blocklisted tokens has been approved.

  • Origyn

    • $OGY is enabling the @gldrwa Gold DAO to securely mint GLD NFTs, representing ownership of audited physical gold stored in Switzerland.

  • Chatswap

    • Chatswap removed @memeblueprint due to a reported scam after onboarding native ICRC-1 tokens on Bitfiinty with memeblueprint as a pilot program.

Community Updates

• ICP.Hub Hong Kong joined Game On! 2023 Hong Kong.

• Benzinga Crypto released "Portugal Blockchain Report: ICP Takes Center Stage in the Growing Ecosystem".

• ICP.HUB SG had a productive discussion with the Monetary Authority of Singapore, the United Nations Development Programme (UNDP), the Swiss Delegation, and the French Chamber Singapore.

• ICP.Hub North America's IC hackathon in UCalgary Blockchain Society proceeded successfully with 15 projects and 40 registered developers.

• ICP.Hub North America organised workshop in Western University.

• ICP.Hub North America partnered with CryptoChicks, a non-profit blockchain educational hub.

• ICP.Hub India announced collaboration with @Social3Club, a Decentralised "LinkedIn".

• ICP.Hub India's IC hackathon "BlockBash2023" has successfully deployed over 500 projects.

• ICP.Hub Thai Malay's workshop with students in UiTM to explore the Internet Computer.

• ICP.Hub Thai Malay will have Ideathon in Thailand on Nov 30th.

• ICP.Hub Philippine joined "Philippine Blockchain Week".

• ICP.Hub Korea in processing to have "The ICP Gateway in Korea" event.

Update Coming Events

• Dec 1-2, Dakar Bitcoin Days, Dakar, Senegal.

• Dec 13 - 14, NOAH Conference Zurich 2023, Zurich, Switzerland.

• Dec 8 - 15, AI MeetsWeb3 Hackathon, German.

• Dec 4-5, Next Block Expo, Berlin

General Regulations

• Kraken, a US crypto exchange, has been accused by the SEC of operating an unregistered platform and improperly mixing customer funds.

• Binance will pay a $1.8 billion fine and $2.5 billion in forfeitures, and appointing a three-year monitor for compliance.

Industry News

• Tether has frozen $225 million worth of its stablecoin following a US Department of Justice investigation into an international human trafficking syndicate in Southeast Asia.

• Richard Teng, a Singaporean industry veteran, has been appointed as the CEO of Binance, the world's largest crypto exchange.

• South Korea plans to launch a pilot program for a central bank digital currency, involving 100,000 citizens, in Q4 2024.

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