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Algorand Ventures Invests in Gora Network

Twitter icon  •  Published il y a 3 mois  •  Hassan Maishera

The Algorand Foundation announced via X on Monday that Algorand Ventures made a strategic investment in Gora Network.

The Algorand Foundation announced via X on Monday that Algorand Ventures made a strategic investment in Gora Network. 

Gora Network is an Oracle built on the Algorand blockchain. It is a decentralized oracle network designed to empower blockchain applications with secure, reliable, and real-world offline data. The investment will fuel Gora’s ambitious roadmap, driving development in key areas like; business development to grow the number of apps building on Algorand, scaling Gora's infrastructure, expanding the product suite, growing and nurturing the Gora developer ecosystem, and R&D. 

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 $0.1649 at press time, down by 1% in the last 24 hours.

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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.