Let’s take a look at some of the interesting discussions and developments happening in the ICON space.
Framd?
Replying to yesterday’s post about ICON’s NFT ecosystem, Framd (@FramdNFT) pointed out he’s got some “huge products” coming to the Craft Network.
A partner of open-world blockchain game TCG World, Framd will soon be bringing the Yeti Strong Club collection to Craft. We don’t know much about the YTS collection yet, other than they are apparently yeti-based profile images by Vancouver-based artist David Browning.
Arctic Testnet Launches
Big news recently with the ICE/SNOW network with the launch of the Arctic Testnet on Rococo.
Rococo is the Kusama Network’s official testnet.
And here’s why this is a big deal:
“Arctic Testnet is not an isolated testnet, as it is directly connected to Rococo, Kusama’s official testnet. Rococo is designed to vet parachain features before launch. Successful deployment on Rococo is often a rite of passage for aspiring parachains, allowing teams to test functionality by interacting with the core Kusama Relay chain.
Arctic’s launch marks a major milestone in SNOW’s roadmap as the team continues to work towards the completion of the ICE and SNOW blockchains. Once fully evolved, Arctic will be ready to transition into SNOW and deploy on Kusama.”
Meanwhile, FOMOmental has posted a very helpful thread on:
- What Polkadot is.
- How ICON and ICE are helping its interoperability.
Here’s the money quote, though:
“@Polkadot cannot inherently interoperate with chains outside of its ecosystem. This is where
@helloiconworld decentralized and trustless BTP/Bridge solution comes into play, by implementing BTP at @icenetwork_io by default at the protocol.
BTP also enables chains to interoperate and communicate, despite having various and unique consensus mechanism. BTP can be deployed at both SC and protocol level. This positions @helloiconworld as the relayer of all chains, just as @Polkadot is the relayer of Parachains.”
There you have it. Polkadot enables interoperability among parachains, while BTP enables interoperability between Polkadot and other blockchains.
DID for minting?
In an interesting discussion initiated by ICON Foundation product and strategy guy TJ Hunt on what ICX holders would most like to see improved about ICON, James NorskKiwi had the following idea:
“We need to find new avenues to utilise and promote our competitive advantages ie what can our chain do better than others.
e.g. Projects want to do ‘fair launches’ or have ‘fair access’ to minting. We can use Icon decentralised IDs to let projects offer minting to anon ppl.”
DID for minting NFTs? How might this be done? And why?
Well, we asked. And James explained:
“Go to mint website, user signs a tx with Icon DID to prove they have a DID and are a real person, mint happens, address/DID is then blacklisted for rest of that mint.
If they try to mint again the system will stop them.
I’m never going to KYC with someone for a mint. I do not want to share my personal details and put myself at further risk just to help a project have a fair launch.
This is a way for projects to avoid having to manage peoples data, yet have a fair launch based on X per person.”
I hope somebody at ICON is reading this, because that seems like a really good idea.
ICONFi promotion
Defi platform ICONFi has launched the beta version of its My Crypto service, which allows you to check out your crypto assets on different exchanges in one screen by adding APIs from Binance and Coinbase.
To celebrate, ICONFi is holding a promotional event from May 3, 00:00 to June 3, 23:59 (UTC).
Connect an API to My Crypto, and you’ll receive coupons giving you the maximum interest rates for each Fixed savings with 28 lock-up days.
You can use only one coupon, however. Once you use one, the others will be disabled.
There’s another however, though:
“The total amount of the Fixed savings in this event is a whopping $10,000,000 ? When each event Fixed savings reaches the cap of each Fixed savings, the coupon for the Fixed savings will be automatically closed… When the each Fixed savings reach the cap, all coupons for the specific Fixed savings will be deactivated and event participants will be able to use the coupons for other Fixed savings. So if you are interested in receiving the top-notch interests on your Crypto savings with this event, you’d better hurry.”
