• Bitcoin
  • Ethereum
  • Blockchain
  • DeFi
  • Policies
  • Expert Interview
  • For Beginners
  • All Posts
Hot News

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

Crypto Rug Pulls Have Decreased in Frequency, Yet Their Impact Has Intensified: DappRadar

04/18/2025

Manta Founder Describes Attempted Zoom Hack by Lazarus Involving Authentic ‘Legit Faces’

04/18/2025
Facebook X (Twitter) Instagram
X (Twitter) Telegram
CoinomiCoinomi
  • Bitcoin
  • Ethereum
  • Blockchain
  • DeFi
  • Policies
  • Expert Interview
  • For Beginners
  • All Posts
CoinomiCoinomi
Home » New DAO Given Control of Treasury in Web3 Event Series, Aiming to Decentralize
New DAO Given Control of Treasury in Web3 Event Series, Aiming to Decentralize
New DAO Given Control of Treasury in Web3 Event Series, Aiming to Decentralize
Blockchain

New DAO Given Control of Treasury in Web3 Event Series, Aiming to Decentralize

03/29/20245 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The ICPCC 2024 event, which stands for Internet Computer Protocol Community Conference, is dedicated to connecting the global Web3 community and transforming the community conference into a DAO.

Both online and offline events play a crucial role in addressing education, collaboration, and innovation within the Web3 ecosystem.

Web3 events foster a sense of unity and empower developers to shape the future of the decentralized world.

One upcoming event focuses specifically on the Internet Computer Protocol (ICP), a blockchain network renowned for its ability to tackle critical challenges such as scalability, security, and interoperability.

ICP does not aim to replace blockchains like Ethereum; instead, it fills gaps within the Web3 ecosystem by automating cross-chain transactions without the need for bridges. This means that decentralized applications (DApps) on any blockchain network can offer a user-friendly experience similar to traditional web platforms, without compromising decentralization.

ICP’s goal is to enhance the power and usability of DApps across various blockchain networks. To celebrate this, the ICP Community Conference (ICPCC) aims to showcase the value that ICP brings to the broader Web3 community, establishing itself as a multichain event brand centered around ICP technology.

Scheduled for May 10 and organized by Code & State, a venture studio focused on ICP, the ICPCC 2024 event aims to connect Web3 enthusiasts, developers, and thought leaders from around the world.

The primary objective of the ICPCC 2024 is to highlight the capabilities and potential of the ICP protocol to integrate with and add value to other blockchain networks, such as Ethereum, Bitcoin, and Solana. Unlike previous events that primarily targeted the ICP community, the 2024 edition aims to reach a wider Web3 audience, demonstrating how users can strengthen the chains they already use.

To decentralize the event, Code & State plans to transform the ICPCC into a decentralized autonomous organization (DAO) during the event. A DAO is a blockchain-based system that enables collaboration through consensus mechanisms, eliminating the need for centralized leadership.

As the organization transitions to an autonomous structure, participants will have the opportunity to vote for council members who will shape proposals to help the DAO manage future events. The council will present its initial recommendations for the 2025 ICPCC events in late 2024.

The first step in the ICPCC’s decentralization process is the formation of a fully independent Marshall Islands DAO limited liability company (LLC), which will relinquish control and copyright of its brand and entrust the organization’s future to its community. Following this step, the decentralization sale will take place approximately a day before the event on May 10.

Subsequently, the election of the ICPCC Council will occur about a month after May, entrusting them with the governance and future planning of the conference. During the third quarter of 2024, the council will be responsible for making strategic proposals for the first 2025 ICPCC event, allowing sufficient preparation time for the vendor to organize the event.

After the transformation in the organizational structure, all funds obtained from ticket sales and sponsorships will be allocated to the DAO treasury and managed by tokenholders. By leveraging the event series, the community effectively creates a decentralized marketing arm for the Web3 ecosystem, showcasing a sustainable business model that supports ongoing promotion and development. Consequently, the management of the event series will be entirely under the control of the users.

In addition to the main conference, the ICPCC event invites Web3 enthusiasts from around the world to explore how they can harness the power of the Internet Computer Protocol. The event will showcase the best use cases of ICP and focus on building a more interconnected and user-friendly decentralized ecosystem.

Local meetups featuring ICP influencers, founders, and investors will take place, featuring key opinion leaders from the crypto world, such as MC Blockchain Boy, William Laurent, Jerry Banfield, Blockchain Pill, Aaron Bremser, and The Swop.

Furthermore, more than twenty ICPCC24 watch parties will be held worldwide, allowing participants to engage in the event remotely.

The ICPCC team believes that Web3 can bring real-world value to people, even if they are not familiar with tokens or decentralization. The move towards a community-focused DAO structure aligns with ICPCC’s vision for a more user-friendly and accessible future.

Web3 events play a pivotal role in advancing a more user-friendly and interconnected decentralized ecosystem, demonstrating a progressive approach to governance and community involvement. These blockchain-based events herald a future in which decentralization is seamlessly integrated into everyday digital experiences, making Web3 accessible to everyone.

To learn more about the ICPCC, visit their website.

Disclaimer: Cointelegraph does not endorse any content or product on this page. While we strive to provide you with all the important information in this sponsored article, readers should conduct their own research before making any decisions related to the company and assume full responsibility for their choices. This article should not be considered investment advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

The Collapse of Mantra OM Token Reveals Significant Liquidity Challenges in the Cryptocurrency Market

04/17/2025

Ethena Labs and Securitize Reveal Roadmap for the ‘Converge’ Network

04/17/2025

XRP: Reasons for Its Outperformance Compared to Altcoins and Future Outlook

04/17/2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

Crypto Rug Pulls Have Decreased in Frequency, Yet Their Impact Has Intensified: DappRadar

04/18/2025

Manta Founder Describes Attempted Zoom Hack by Lazarus Involving Authentic ‘Legit Faces’

04/18/2025

Coinomi - Where insights meet innovation. Discover the world of blockchain and cryptocurrency with a focus on insightful narratives and groundbreaking trends.

X (Twitter) Telegram
Hot Insights

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

Crypto Rug Pulls Have Decreased in Frequency, Yet Their Impact Has Intensified: DappRadar

04/18/2025

Manta Founder Describes Attempted Zoom Hack by Lazarus Involving Authentic ‘Legit Faces’

04/18/2025
X (Twitter) Telegram
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • DeFi
  • Policies
  • Expert Interview
  • For Beginners
Copyright © 2025 Coinomi. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.