This week, Burning hot!
Internet Computer Developments
- On the Internet Computer, a total of 200,000 canister smart contracts have been deployed. This week, the network was processing at 10,000+ TX/s, demonstrating the incredible ICP developer ecosystem and the Internet Computer’s scalability.
- Canister smart contracts on the Internet Computer can now sign BTC transactions on the Bitcoin main-net, marking a watershed moment for ICP. To commemorate this accomplishment, Dfinity added a Bitcoin page to its ICP dashboard.
- Dfinity shared a cheat sheet to help users identify various buttons on the SNS-1.
- Dfinity will hold their december Global R&D holiday session on December 14th. You can reserve your spot here.
- In a special appearance on The DIVI Crypto Podcast, Dominic discussed the origins of ICP and the impending Blockchain Singularity. Check it out here.
- Kyle Langham deconstructed the November 2022 ICP inflation and staking metrics in the NNS and ICP Token Metrics Monthly Report, Nov 2022.
- Thanks to Chain Key ECDSA, users will soon be able to hold DOGE or SHIB natively on the Internet computer without bridges.
Community updates
- HotorNot app went viral this week with a traffic of more than 12,000 users in a single day. Each user received a canister thanks to the app’s multi-canister architecture, marking a milestone for scalability of apps on the ICP.
- Dmail, a decentralised mailbox on ICP, has exceeded 1 million total email transactions.
- TikTok’s Web 3 alternative, HotorNot is doing a crowdfunding round on 13th December 2022 with CrowdfundNFT marketplace.
- ICLight wallet, is now supporting Metamask login.
- Kybra, a Python CDK for the internet, has transitioned from alpha to beta version. This release brings Kybra’s functionality much closer to Motoko and Rust in capability.
- Helix market, a decentralized exchange (DEX) on the ICP, will be launching their beta soon.
- Decentralised peer to peer betting is coming soon on ICP in the form of Vault bet (a decentralised sports betting exchange).
Crypto news in a nutshell
- In an effort to convince users to switch from USDT to USDC, the cryptocurrency exchange Coinbase highlighted the tether reserves behind the “trusted stablecoin” USDC.
- Crypto’s Amber to end chelsea sponsorship, axe over 40% of jobs in FTX fallout.
- Starbucks launched its blockchain-based loyalty program and NFT community, Starbucks Odyssey, to its first group of U.S. beta testers.
- Sumitomo Mitsui of Japan will launch soulbound tokens in an effort to explore Web3.
Internet Computer’s NFT summary
- ICLighthouse Planet Cards NFT collection has hit 20,000 volume on Yumi Marketplace.
- Infinity Swap, in collaboration with VRSTL studios, will soon release their new NFT collection GIZMO.
- A Julian Opie painting, powered by ORIGYNTech, will be the first fractionalized, physical artwork on Yumi Marketplace.
