The Algorand Foundation announced via a blog post on Wednesday that Asalytic is now part of the Algorand ecosystem. Asalytic is the latest project to receive the Algorand grant. Asalytic is an NFT platform that brings newly created value to the Algorand ecosystem by leveraging publicly available on-chain data and dApps composability. Asalytic introduces the user to the digital asset realm from multiple perspectives, the Algorand 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 $0.4358 at press time, down by more than 8% in the last 24 hours.