The Internet Computer Protocol, developed by the Dfinity Foundation, raised over $100 million in 2018 with the promise of revolutionizing blockchain technology. Despite facing early setbacks including a significant drop in its token price and operational issues, the ICP has maintained robust underlying technology. These initial challenges were marked by accusations of market manipulations and poorly structured token unlock schedules.

The turning point for ICP came between October 2023 and January 2024 when its token value surged by 490%, jumping from $2.93 to $14.37. This marked a significant rebound and drew renewed attention to its recent advancements, including its capability to host decentralized applications and AI models. This resurgence played a pivotal role in expanding the ICP community, leading to the formation of a new decentralized autonomous organization (DAO), which will oversee a major Web3 conference series.

The ICPCC, the primary event of the ICP ecosystem, showcases the strides made in blockchain and Web3 usability. Scheduled for May 10, the event will feature a nine-hour global livestream and numerous community-organized watch parties in major cities worldwide. During this event, the series will transition into a fully decentralized DAO, ICPCC DAO LLC, aimed at driving community ownership and sustained decentralized operations.

One of the key highlights of the upcoming ICPCC24 is the premiere of 'Cracking FTX,' a documentary that explores alleged market manipulations by the now-defunct crypto exchange FTX, which targeted various Web3 projects including the Internet Computer Protocol. The documentary, created by Kyle Figs, includes interviews with prominent figures in the blockchain and cryptocurrency sectors.

The event will also feature projects like CLOWN, a community initiative revived by a New York stockbroker that promotes ICP-powered projects through creative and engaging ways, including the production of viral memes. Another project, Windoge98, offers a nostalgic take on Microsoft Windows 98 but implemented on the blockchain with a playful twist of 'Doge' elements, featuring a fully functional operating system with games hosted as decentralized apps.

Thanks to the relentless efforts of the Dfinity Foundation, the ICP blockchain has managed to overcome its initial turbulence. The foundation's commitment to integrating with key blockchain protocols and launching a Web3 accelerator platform has allowed the ICP ecosystem to flourish, attracting over 300 developers and securing a top position in development activity rankings.

The upcoming ICPCC24 aims to showcase the ICP community's growth and the potential of ICP in integrating emerging technologies such as AI into the Web3 environment, offering attendees a comprehensive look at the possibilities within this evolving space. This event is not just another conference; it's a testament to the community-driven ethos of the Web3 movement, illustrating a shift towards a more decentralized and user-empowered future.