.svg)
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.
Staci Warden Appointed Algorand Foundation CEO
Algorand Foundation have confirmed the appointment of former JP Morgan Executive and Algorand Foundation board member Staci Warden as their new CEO. The news comes following the departure of Sean Lee from the Foundation having spent 18 months as their CEO.
“I am excited to build on everything the Foundation has achieved to date, and will be focused on scaling our commitment to our community and our global partners,” said Warden.
“1.7 billion people in the world do not have access to finance, and the Algorand protocol has the speed, the security, and the decentralization to address the problem of global financial inclusion at scale.”
“By both ratcheting up our global ambitions as well as doubling down on our commitment to the DeFi ecosystem, I know that we will deliver tremendous value for both the Algorand ecosystem as a whole and the end-users it supports.”
Pact Mainnet Announced
Pact have this week confirmed that their heavily anticipated mainnet launch will take place on February 22nd. The Algorand based AMM has received plaudits from the community after it launched on testnet on January 17th. The launch will see users be able to put their Algo to work with swaps, pools, and much more.
Algorand Foundation Partners with Blockshake
Algorand has partnered with Blockshake to assist in the development of the Algorand DeFi wallet app Defly. The app is being built to help increase accessibility to both CEXs and DEXs on Algorand through improved UX.
“This is an exciting opportunity to take modern blockchain concepts to a wider audience,” said Defly Co-Founder Stefan Hechenberger.
“Not everything that can be done with this technology is readily accessible or convenient to use on a daily basis.”
“Specifically decentralized services tend to be cumbersome in their current state. Defly is a user-centric effort to provide maximum usability and capability in an integrated app. Assuming Defly keeps its momentum, many new users will join the party and share the fascination about dApps, public ledgers, and financial independence.”
Golden Gate University School of Law and Algorand Foundation create Blockchain Law for Social Good Center
The Algorand Foundation has continued the development of its education partnerships creating the Blockchain Law for Social Good Center in conjunction with Golden Gate University School of Law.
“The Blockchain Law for Social Good Center is an excellent example of the multidisciplinary application possibilities for blockchain technology while also promoting social-impact projects,” said, Head of the Algorand Centres of Excellence Programme Hugo Krawczyk.
“The project will become a hub for blockchain law and a valuable resource not only for lawmakers and lawyers, but also for government agencies and start-ups.”
“Blockchain developers are quietly creating revolutionary projects that remedy existing inequalities, particularly related to financial inclusion,” says Professor Michele Neitz, who will serve as the Faculty Director for the center.
“However, until lawmakers have a more comprehensive view of blockchain and crypto, the industry will suffer from regulatory skepticism.”
Wizkey Integrates With Algorand
Credit Market protocol Wizkey has announced that it is integrating with Algorand to take advantage its inherent layer-1 benefits. Wizkey is a leading provider of innovative products and services for the credit market offered to banks and financial institutions through a proprietary end-to-end platform based on the exploitation of cloud storage and blockchain technologies.
“Financial markets are on their way to embracing new technological solutions that can be leveraged to improve traditional processes in a time- and cost-effective manner,” said Marco Pagani CEO of Wizkey.
Borderless Capital invests in IBF Net Group
Borderless Capital have this week invested in Islamic fintech company IBF Net Limited during their pre-seed round. The investment comes on the back of a successful completion of the Silicon Valley based Draper Blockchain Accelerator program where IBF Net has been one of the thirteen blockchain startups selected from across the globe. This is a major milestone for the company in its mission to create an Islamic-focused Economy on the blockchain.
Folks Finance Testnet is live
Algorand based capital market protocol Folks Finance have this week launched on testnet this week allowing users to set up a trial fund. The program have also announced that they will be giving away exclusive NFTs as part of the launch from the Folksy Guys collection to testers who complete certain tasks. Frontend bugs can be communicated to the team through our discord channel.
The #algorome Video Meme Comp Begins
The Algomint, Tinyman, and Algofi #algorome meme competition has continued this week with entries now open for the video aspect of the competition.
Users can now submit their entries using the #algorome before it concludes on the 16th of February.
AlgoDEX Launches on Mainnet
Algorand based DEX AlgoDEX has completed their launch to mainnet, allowing users to utilize their platform for trading. The protocol is currently only available for users based in the US or Canada. This launch represents another key milestone in the rapid growth of DEXs in the Algorand ecosystem with several other platforms mere months away from launch.
Price Watch
.png)
.png)
.png)
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 instalment.
