Algorand Foundation Launches Algo Foundry

Twitter icon  •  Published 1年前  •  Hassan Maishera

The Algorand Foundation announced via a blog post on Thursday that it has launched its venture studio, Algo Foundry.

The Algorand Foundation announced via a blog post on Thursday that it has launched its venture studio, Algo Foundry. The venture studio is dedicated to growing the Algorand developer ecosystem and building Algorand blockchain infrastructure and applications. 

The team added that Algo Foundry will enable developers, entrepreneurs, and enterprises worldwide to focus on creating and building next-generation applications while deploying resources, playbooks, systems, developer talent, network, and capital to accelerate ideas and optimize the company creation process.

Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".

ALGO is trading at $0.7138 at press time, up by more than 6% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.