.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. For more from Algopulse visit https://www.algopulse.io/.
Algorand Selected by Banca d’Italia for Study
Banca d’Italia (Bank of Italy) has published a new report evaluating DvP (Delivery vs Payment) between Distributed Ledger Technology (DLTs) and traditional market infrastructure. Algorand was selected by its team to manage the asset leg of its research.
"Algorand was the DLT platform chosen among a number of candidates to manage the asset leg due to its permissionless forkless nature, with a deterministic consensus protocol, and low block finalization time," the report said.
The choice of Algorand in this instance represents another strong institutional endorsement of the underlying protocol and its use cases for real-world finance.
Pera Connect Upgrade Launched
Pera Wallet has launched the latest iteration of its Wallet Connect Integration with the release of its 0.2.0 upgrade. The project explained that one of the biggest technical challenges it faces is the integration between Pera Wallet and Wallet Connect.
To overcome issues uncovered in the JavaScript library that was being used by most DApps to integrate Wallet Connect into their applications Pera have been building a completely new Wallet Connect library and launched it in early June. The solution called Pera Connect is now the preferred method for integrating with Pera Wallet, and it offers a streamlined and bug-free experience for Pera users.
zCircuit Game Receives Algorand Foundation Grant
zCircuit Racing League has this week been announced as the latest recipient of the Algorand Foundation grant. zCircuit is a decentralized, player owned racing league on Algorand enabling players around the world to spectate, race, and own tracks.
“We're delighted to welcome zCircuit to the Algorand gaming ecosystem; after getting second place in Encode's 2021 hackathon, Chip and Devin kept building and improving the product and we're very proud of the progress they have made,” said Algorand Foundation Head of Gaming Piergiacomo Palmisani.
“We are very excited to be supporting them and looking forward to what this dynamic duo can build! I'd like to encourage the Algofam to show some love and support to this great team and participate in the upcoming origins event.”
Double Podium at NYC Grand Prix for Envision Racing
Algorand Foundation commercial partner Envision Formula E team enjoyed one of their best performances of the season with drivers Nick Cassidy and Robin Frijns achieving P1 and P3 finishes at the New York Grand Prix. The event proved a massive success both on and off the Circuit for Algorand who were also able to host an event featuring addresses from senior executives. This included Matt Keller who is the Foundation’s Head of Impact.
gALGO Utility Expanding
The new Folks Finance asset gALGO continues to grow in popularity with the utility of the token increasing rapidly. The project has published a recap of all the current use cases of the asset with interoperability on a number of other platforms. Some of the most significant current integrations are gALGO/ALGO pools which are available on Pact, Tinyman, Algofi, and Humble. In addition, Algodex is now supporting the trading of gALGO. Read the full thread to see the overview.
Algorand Ear Marked as Tool to Assist in US Disaster Relief Efforts
A recent piece from Coin Telegraph outlined several use cases from Algorand supporting ongoing efforts to support disaster relief efforts in the US.
One such example is the Disaster Services Corporation Society of St. Vincent de Paul (DSC) which has partnered with the Algorand Foundation to assist disaster survivors across the United States.
Elizabeth Disco-Shearer, CEO of the DSC, told Cointelegraph that the organization is specifically working with the Algorand Foundation to use digital wallets to reimagine its “House in a Box” program, which provides household furniture for families without insurance who have been impacted by a disaster.
“Volunteer wallets will accumulate and track hours, allowing for disaster relief organizations to show state disaster relief agencies funded by FEMA the amount of time volunteers spend helping,” said Algorand’s Head of Impact Matthew Keller.
Milkomeda Announce Algorand Rollups
Milkomeda has announced their first-ever rollup integration outside the Ethereum network will take place on Algorand with a Public Testnet now launched.
As described by the project, rollups are “chains on top of chains” that maintain their own ecosystem of dApps and smart contracts.
This allows developers to write smart contracts for Algorand in Solidity, opening the door for a much wider selection of developers to the chain.
NASDAQ Interview Staci Warden
Algorand Foundation CEO Staci Warden appeared on the NASDAQ finance show providing further publicity to the network. During the interview, Warden spoke to her own background in traditional finance, explained Algorand’s focus on real-world applications, and its solution to the blockchain trilemma. Watch the full interview here.
Vestige 1.0 Platform Launched
The development of the Vestige v1.0 platform has been completed this week. The protocol formerly known as Tinychart is relaunching with a new name and a host of new features. Users will also be able to exchange TINY tokens to VEST tokens at a rate of 1:3 through a smart contract. A Tiny Mug NFT will be added as a gift for swapping over 100 TINY, with more rare NFTs given for swaps over 1 000 and 10 000 TINY (one NFT per wallet).
Price Watch
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. For more from Algopulse visit https://www.algopulse.io/.
