Algorand Foundation Partners With Nimble

Twitter icon  •  Published 1 year ago  •  Hassan Maishera

The Algorand Foundation announced via a blog post on Thursday that it has partnered with Nimble.

The Algorand Foundation announced via a blog post on Thursday that it has partnered with Nimble. Nimble is a decentralized insurance protocol that provides a system for defi users to purchase cost-effective risk cover. The partnership will see Nimble bring ecosystem-wide insurance protection to users and projects building on Algorand.

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 $0.4021 at press time, down by more than 1% 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.