On Wednesday, the Algorand Foundation announced via Twitter that it had partnered with Sheesha Finance. The partnership is designed to help connect early-stage projects from their incubator in the Middle East to the broader Algorand ecosystem, the foundation added.
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 $0.2160 at press time, down by more than 6% in the last 24 hours.