The Internet Computer (ICP) has grown significantly in the past three years backed by top investors such as Andreessen Horowitz, Polychain Capital, and Multicoin Capital.
The Internet Computer (ICP), a revolutionary blockchain that builds on unlimited data and on-chain computation, has announced a new and updated roadmap to steer the project to the next level of mass adoption. The ICP project, currently valued at about $6.3 billion and a daily average traded volume of around $114 million, has grown to a top-tier web3 ecosystem in the past three years.
According to the latest market data, the ICP network has a total value locked (TVL) of about $87 million from several web3 projects. Some of the decentralized financial (DeFi) projects on the ICP network include Sonic DEX, Gold DAO, and ICPSwap, among others.
New Chapter for the Internet Computer
According to the new Internet Computer roadmap, the DFINITY Foundation will focus its attention and resources on nine key areas to ensure a sustainable future. Among the key areas that the DFINITY foundation intends to put more emphasis on in the coming years include decentralized artificial intelligence (AI), developer experience, on-chain privacy, chain fusion, compute platform, platform decentralization, digital assets, and identity, among others.
“Each focus area is key to the success of the Internet Computer and each milestone marks a significant breakthrough and opens up new opportunities for the blockchain community. This roadmap is not only for the ICP community but for the blockchain industry as a whole. The Internet Computer can bring true decentralization, connect blockchains, grow communities, and solve AI’s trust issue,” the DFINITY team noted.
In the near future, the ICP ecosystem will be able to interact with the Ethereum network through its legendary Ethereum Virtual Machine (EVM). Additionally, the ICP network intends to connect with the Bitcoin (BTC) and Solana (SOL) ecosystems.
The ICP network intends to lay much emphasis on smart contract development, which will ultimately help decentralize the underlying blockchain infrastructure. In this regard, the ICP network has committed to building proper privacy on identity authentication protocols.
The Internet Computer has, therefore, made a deliberate decision to educate more web3 developers on the smart contract languages used in its blockchain technology. Furthermore, the ICP network intends to onboard more multichainDeFi platforms with its token standards.
Market Impact
The launch of the new roadmap for the Internet Computer will have a profound impact on the ICP coin amid the ongoing crypto bull market. As of this writing, ICP price hovered around $12.30, up approximately 3 percent in the past seven days.
The unveiled roadmap will ultimately help the ICO coin avoid being labeled as a zombie crypto project.
Moreover, the Web3 industry is fast evolving according to market needs, with real-world assets (RWA) tokenization being the top priority for most institutional investors.
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