This week, Burning hot!

Internet Computer Developments

1. 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.?
2. 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.
3. Dfinity shared a?cheat sheet?to help users identify various buttons on the SNS-1.
4. Dfinity will hold their?december Global R&D holiday session?on December 14th. You can reserve your spot?here.
5. In a special appearance on The DIVI Crypto Podcast, Dominic discussed the origins of ICP and the impending Blockchain Singularity. Check it out?here.
6. Kyle Langham deconstructed the November 2022 ICP inflation and staking metrics in the?NNS and ICP Token Metrics Monthly Report, Nov 2022.
7. Thanks to Chain Key ECDSA, users will soon be able to?hold DOGE or SHIB natively on the Internet computer?without bridges.?

Community updates

1. 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.
2. Dmail, a decentralised mailbox on ICP, has?exceeded 1 million?total email transactions.
3. TikTok’s Web 3 alternative, HotorNot is doing a?crowdfunding round on 13th December 2022?with CrowdfundNFT marketplace.
4. ICLight wallet, is now supporting?Metamask login.
5. 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.?
6. Helix market, a decentralized exchange (DEX) on the ICP, will be launching their beta soon.
7. 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

1. 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.?
2. Crypto’s Amber to?end chelsea sponsorship, axe over 40% of jobs in FTX fallout.?
3. Starbucks launched its?blockchain-based loyalty program?and NFT community,?Starbucks Odyssey, to its first group of U.S. beta testers.?
4. Sumitomo Mitsui of Japan will launch?soulbound tokens?in an effort to explore Web3.

Internet Computer’s NFT?summary

1. ICLighthouse Planet Cards NFT collection has hit 20,000 volume on Yumi Marketplace.
2. Infinity Swap, in collaboration with VRSTL studios, will soon release their new NFT collection GIZMO.
3. A Julian Opie painting, powered by ORIGYNTech, will be the first fractionalized, physical artwork on Yumi Marketplace.