Dfinity Foundation, the Swiss not-for-profit organization behind the Internet Computer blockchain, announced that community members "committed" over 6.5 million ICP tokens to help protocols become decentralized autonomous organizations, or DAOs, in 2023.

After the blockchain's ICP token rose on Tuesday by about 12% to more than $19, the total value of committed tokens increased to more than $120 million, according to The Block Price Page. 

In a statement, Dfinity Foundation said community members committed "more than 6.5 million ICP tokens ... via the innovative Service Nervous System (SNS) framework to help decentralize the ecosystem’s top protocols." To further explain, the organization said, "Unique to the ICP, the SNS model allows protocols to become fully decentralized by …