Whereas components of the web3 sector struggled to maintain above the floor in 2023, a brand new report from Dfinity Basis on the ICP ecosystem, highlights its world progress and bigger impression on the trade final 12 months.
Explicit areas of power are pinpointed, together with the growth of apps and video games constructing on ICP, the community’s cross-chain integrations, and the introduction of its DAO framework SNS. When it comes to numbers, over $6.25 million was distributed in grants to bolster 239 tasks, spanning throughout 41 nations, presently constructing on ICP. In consequence, it skilled a 121% improve in community utilization in 2023.
To the technical aspect of issues, ICP protocols are constructed by Dfinity engineering groups, and the report notably highlights ICP’s strides in cross-chain adoption. By integrating with Bitcoin, Ethereum, and Solana, the community intends to unlock new methods for cross-chain improvement amongst its apps and improve their liquidity stream.
Notably, the community additionally launched its Service Nervous System (SNS), a type of DAO with the flexibility to function any web3 app absolutely decentralized and onchain.
“The success of the SNS framework has been a big win for decentralized governance worldwide, and through its innovative tech stack and multiple network integrations, the ICP is unlocking access to a seamless, trustless multichain future for web3,” commented Dfinity’s veep of progress Lomesh Dutta.
14 apps on ICP utilized this framework in 2023, elevating a complete of 6.5 million ICP, round $80 million. Amongst them are decentralized messenger OpenChat, web3-native search engine Kinic, and ICP memecoin Ghost.
On the gaming entrance, essentially the most outstanding title rising on the Web Pc is from earlier Neopets-developers Adam and Donna Powell, who introduced they’re adopting SNS to construct absolutely onchain journey MMORPG Dragginz. Utilizing SNS permits them to totally contain their neighborhood within the sport’s improvement, from proposals and voting to even impacting code updates.
Whereas nonetheless in its early days, Dragginz has already managed to boost the anticipation amongst web3 players usually, and the ICP neighborhood specifically. With a present community-driven market cap of over $8 million, Dragginz was initially thought of to be constructed on Ethereum, however settled on ICP following conversations with Dfinity founder Dominic Williams in 2017. Scalability and infrastructure are cited as a number of the causes behind the choice.
Few particulars have but been launch about Dragginz, however the report provides us a glimpse of beforehand unknown options, similar to its character system capabilities and emphasis on varied Talent Stations, at which gamers will work together with NPCs. As well as, reminiscence spells and The Spell Ebook is talked about, which is able to solely be accessed in a participant’s Cave, including a layer of talent and technique to the gameplay.
A number of the different gaming tasks constructing on ICP embody intergalactic RTS Cosmicrafts, FPS battleground sport often known as TBFZ from Inside Darkish Studio, a browser-based MMORPG from Eimolad, an AI-based metaverse from Yuku, absolutely onchain sport Paws Enviornment and absolutely onchain Minecraft-inspired Cubetopia.
The full ICP State of the Community 2023 report is accessible right here.
