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IC Ecology Re-launch: Progress and Prospects of 11 SNS Projects
Internet Computer Blockchain Ecosystem Project Collection
The Internet Computer Blockchain (, abbreviated as IC), aims to realize the vision of a "world computer" that allows smart contracts to run on-chain at internet speed. The DFINITY Foundation hopes that global developers can create large-scale services on the IC chain in a decentralized manner and raise funds directly from the user community.
In December 2022, the Launchpad infrastructure developed by the DFINITY Foundation, SNS( Service Nervous System) went live, providing application developers with a one-click deployment DAO governance solution. IC chain projects need to meet certain conditions to go live with SNS, including obtaining a majority vote from ICP stakers on the white paper and token economics, as well as raising the predetermined amount of ICP in the Swap.
In the past 10 months, 11 IC ecosystem projects have completed decentralized token sales on SNS, transforming into DAOs and raising approximately $20.6 million in funds. Investors participate in project upgrades, smart contract management, treasury fund management, and other governance by purchasing and staking project tokens.
Let's take a look at the progress of these projects that have become DAOs and their future development prospects.
SNS1: From Experimental Coin to Game Governance Coin
SNS1 was initially a stress test for SNS conducted by the DFINITY Foundation, and was later taken over by the full-chain game Dragginz, becoming its governance token. The development team holds 52% of the token share and voting rights to ensure control over the game content. The price of SNS1 rose from 47 ICP at the beginning of June to a recent 999 ICP, a 20-fold increase.
Dragginz, founded by the couple behind the classic web game "Neopets", is a free-to-play full blockchain game that combines "pet raising" and "open world" elements, expected to be released in the second half of 2024 or early 2025.
In the future, Dragginz plans to rename SNS1 to DKP and participate in mainstream game exhibitions to promote Web3 games.
OpenChat: Decentralized "TG+DC" Chat Platform
OpenChat is a pioneering project in the SocialFi track of the IC ecosystem, with functions similar to "Telegram + Discord". After launching SNS, OpenChat has submitted multiple proposals covering system upgrades, smart contract upgrades, marketing activities, and more.
An important update is that users can directly initiate SNS proposals and participate in voting within the app. The number of users has increased from 83,000 before the launch of SNS to the current 110,000.
Future plans include voice and video features, API interfaces, NFT avatars, and expanding the application scenarios for CHAT tokens.
Kinic: IC Blockchain Search Engine
Kinic is the first fully on-chain Web3 content search engine, currently supporting the search of all front-end smart contracts on the IC blockchain. Its SEO module is powered by zero-knowledge machine learning technology.
In the future, the Kinic plan will add more blockchain and decentralized storage network content search, and support advertisers to bid for advertising space using KINIC tokens.
Hot or Not: IC Version Short Video Application
Hot or Not is a decentralized short video application similar to TikTok, integrating GameFi elements. The platform has two tokens, COYN and HOT, allowing users to bet on videos as "hot" or "not hot."
Future plans to launch features such as Creator DAO and NPhone NFT to increase token application scenarios.
IC Ghost: The first meme coin on the IC Blockchain
IC Ghost is the first meme coin project on the IC Blockchain, which becomes a fully community-governed project through SNS.
Multiple proposals have been completed, including airdrops, token burns, and treasury transfers. Future plans include developing an NFT market and a metaverse.
Modclub: Decentralized Content Review Platform
Modclub provides AI-assisted content review and data tagging solutions for SocialFi projects. Developers can publish review tasks on the platform, which moderators will review according to the rules.
In the future, there is an urgent need to integrate artificial intelligence to improve content filtering efficiency and attract more projects to use it.
Catalyze: IC Version Discord Community Platform
Catalyze is a SocialFi application similar to Discord, providing tools for projects to create and manage communities. The basic functions are now quite mature, but online chatting is still based on the Matrix protocol.
The future plan is to migrate the chat function to the IC Blockchain and add features such as audio and video, NFT gatekeeping, and more.
BOOM DAO: IC全链游戏基础设施
BOOM DAO is formed by members of multiple mainstream IC ecological project teams, dedicated to providing a complete full-chain gaming infrastructure, including tools such as the World Engine and Game Launcher.
In the future, we plan to establish a game manufacturer alliance and gaming guilds, and develop an on-chain multiplayer game framework.
ICX: IC Version of Twitter + Prediction Market
ICX is a Twitter-like SocialFi project that has added prediction market features. Currently, the prediction market is temporarily closed, waiting for the DAO to decide on the parameters before restarting.
A deposit of 1 ICP is required to post, to prevent spam. There are plans to upgrade the UI/UX in the future, adding a tipping feature and more.
Nuance: IC Version Medium Blogging Platform
Nuance is a decentralized blogging platform, similar to Medium, that has implemented basic publishing and NFT-gated article features. Content moderation has been outsourced to Modclub.
Future plans will focus on three goals: writer compensation, content credibility, and user experience, while also adding comment and tipping features.
Sonic: Early DeFi Project on IC Blockchain
Sonic is one of the first DeFi projects on the IC Blockchain, providing functions such as Swap, liquidity mining, and LBP new project launches. The introduction of the LBP model offers new financing channels for IC Blockchain projects.
Future plans to expand the DeFi product suite, including perpetual contracts, xICP, and on-chain dark pools.
Note: This article is for informational sharing only and does not constitute investment advice. Readers are advised to strictly comply with the laws and regulations of their region and not to engage in any illegal financial activities.