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Welcome to the latest edition of the Weekly Pulse, a weekly Algorand news wrap-up segment presented by Algopulse. As ever, we welcome your feedback so if there is anything you would like us to add, please let us know on Twitter, Discord, or Telegram.
Dequency complete music synchronization licensing execution on blockchain
Algorand based music licensing platform Dequency have this week executed their first music synchronization license on the Algorand blockchain. The maiden song used was “Late Night People” by Goldfish ft. Soweto Kinch which was then played throughout the DeCipher conference in Miami. Dequency was founded by music executives Keatly Haldeman and George Howard seeking to provide a platform to connect visual creators directly with recording artists through blockchain technology.
“Our vision for Dequency is to cut out the middle man in music licensing transactions so that creators maximize earned income and get paid immediately,” said Dequency CEO of Dequency Keatly Haldeman
“By executing the first-ever on-chain sync license transaction, we’re one step closer. We made history today.”
Verida and MAPay partner to bring Decentralized Health Technology to Bermuda
As announced during DeCipher Verida and MAPay have begun collaborating on an Algorand based solution to provide decentralized health technology in Bermuda. Verida is a project that specialize in providing decentralized personal data storage while MAPay provides technology that facilitates decentralized multi-party medical payments. The collaboration will allow healthcare data to be shared consensually across healthcare providers in a decentralized vault.
“This ‘digital highway’ we are creating will allow for other DeFi applications to ride on our rails, allowing both human and capital resources to be deployed much more efficiently and economically, ultimately accelerating these game-changing models,” said Michael Dershem, founder and CEO of MAPay.
Matt Zhang makes firm commitment to the future development of blockchain
New Hivemind Capital Founder Matt Zhang has doubled down on his new commitment to the future of blockchain in a recent interview with Coin Telegraph. The former Citi Bank Executive launched the $1.5 billion multi-strategy fund during DeCipher and has made his thoughts on the potential of blockchain technology clear ever since.
“I’m a multichain maximalist and believe that there will be a handful of layer-one networks building amazing projects,” Zhang told Coin Telegraph.
“Algorand is providing enterprise and institutional client quality for a number of blockchain solutions. If you think blockchain is a big space, you have to bet that it will be around for the next 10 years.”
“Personally, I think nonfungible tokens (NFTs) are innovative and fun. But more importantly, I’m very interested in what can be built on top of nonfungible tokens. Currently, NFTs are being used a lot for art and gaming as collectibles. This is fun, but the utility layer of the NFT is what I believe is more interesting.”
Yieldly Launch Esports NFT Platform in Partnership with Polygon
Algorand based DeFi ecosystem Yieldly have announced yet another partnership with a high-profile gaming outfit this week, teaming up with Polygon Studios to create an NFT esports marketplace. Known as Yesports, the marketplace is set to provide a gallery of exclusive NFTs and content for competitive gaming fans for some of the world’s most well-known teams. Utilizing the inherent benefits of Algorand this collaboration will allow collectors to purchase NFTs in the most seamless possible manner.
Algorand Foundation Launch Aeneas Liquidity Program
The Algorand Foundation this week made an exciting announcement that it would be collaborating with Tinyman, Algomint, and AlgoFi to launch the Aeneas Liquidity Program which will see an additional $300 million allocated to the Viridis Fund. In a press release Algorand Foundation explained that the recent launch of Tinyman and Algomint as well as the imminent release of AlgoFi represent infrastructure in place that will facilitate the exponential growth of the Algorand ecosystem.
AlgoSwap Launched be Headline Crypto
Algorand project AlgoSwap has this week launched on mainnet bringing a condensed DEX experience to the ecosystem unlocking new possibilities for developers.
“This (AlgoSwap) would be nearly impossible on other chains,” said HEADLINE founder Aaron Martinez, the company behind AlgoSwap.
“Algorand’s technology is second to none. Zero forks, zero downtime; one of the sharpest core protocol teams in the industry. A lot of people call Algorand the smart chain. But protocol alone would not be enough for this (AlgoSwap) to be possible. Another team, TinyMan, built one of the cleanest and most efficient single-source AMM DEXs available. The smart contracts that power it (TinyMan DEX) are rock solid. What AlgoSwap does, in a nutshell, extends the TinyMan AMM liquidity pools, providing an all-new, fully customizable no-code DEX solution, which in turn, allows anyone and everyone to build their own DEX.”
Opulous Launch Christmas Giveaway
Opulous has this week announced a Christmas themed giveaway called 12 Days of Opul. Running across the project’s Instagram, Twitter, and Telegram pages there are several enticing prizes including $20,000 worth of $OPUL tokens, VIP tickets to multiple concerts in the USA, year-long white presale passes, and Opulous merchandise.
Router Protocol Receives $4.1 million investment from Coinbase
Cross-chain bridge platform, Router Protocol has this week secured a $4.1 million investment from blockchain giants Coinbase Ventures. Router was founded in 2020 by Ramani Ramachandran, Shubham Singh, Chandan Choudhury and Priyeshu Garg and is Headquartered in Singapore. Router has named Algorand as one of its early partners alongside Polygon, Terra, and others.
“We are excited to have this dream team of investor partners,” said Ramachandran.
“Beyond just capital, all of these investors have been deeply involved — hands-on — in the design and development of Router as well as DFYN, as we look to build critical, scalable cross-blockchain infrastructure that is the need of the hour.”
Securitize Launch Tokenized S&P Index Funds
Digital assets firm Securitize have this week launched two tokenized funds in partnership with S&P Dow Jones Indices. The two indices in question are the Cryptocurrency Large Cap Ex-MegaCap Index which will track 30 different cryptocurrencies, and the Kensho New Economies Composite Index which will provide insights into emerging technologies such as virtual reality.bAlgorand is being utilized as the underlying protocol to tokenize both funds.
“We have a great relationship with Algorand and issued the largest-ever Reg A+ capital raise on their chain, so when we decided to launch these exclusive funds tracking two of S&P’s most innovative indices, Algorand was the natural choice due to its speed and cost efficiency,” Co-founder and President of Securitize, Jamie Finn, told Crypto Briefing.
Thank you for reading this week’s edition of the Weekly Pulse as we look forward to continue bringing this content to the Algorand Community. Was there anything that we missed? If so let us know on Twitter, Discord, or Telegram where you can also send us any news you see throughout next week for our next installment.
