Hassan Maishera
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.
