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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. For more from Algopulse visit https://www.algopulse.io/.
Second Algorand Governance Period Closes
The second period of Algorand community governance closed this week with users making their voices heard on the xGov proposal put forward by Algorand Foundation. An overwhelming majority of 95% of governance participants voted for the implementation of an xGov teir which means that users will now be able to put forward governance proposals to the community in exchange for a year long stake of Algos. An xGov’s voting power will be weighted with the quantity of Algos they decide to stake.
Algorand Network Upgrade Expands Smart Contract Functionality
Algorand have this week unveiled a suite of network upgrades that will allow developers to build more complex dapps on the network. These network upgrades come on the heels of a $20 million incentive program from the Algorand Foundation focused on developer tooling and EVM compatibility, putting Algorand at the forefront of blockchain interoperability and post-quantum security while providing features for even more advanced decentralized applications.
“The power and composability of Algorand’s smart contract platform has transformed in recent months,” said Paul Riegle, Chief Product Officer at Algorand.
“Developers are building versatile decentralized applications that have and will continue to disrupt a wide variety of industries.”
“With this latest upgrade, Algorand continues its leadership position when it comes to ongoing delivery of highly sophisticated blockchain technology.”
“We have received overwhelmingly positive feedback from developers during the beta testing and are excited to roll out these enhancements to the broader blockchain developer ecosystem.”
Lofty Now Available to Most US States
The Lofty project have this week announced that users in most US states will now be able to purchase Lofty tokens with ALGO, and USDC. This means users can now begin purchasing real estate with ALGO. Find out more about how to use the platform here.
AlgoDAO Partners With Algorand Foundation
Algorand Foundation have announced that they have joined AlgoDAO as a key strategic investor.
“The Algorand Foundation joining AlgoDAO as a strategic investor is a testament that we are on the right track in our mission to build a vibrant primary market infrastructure for the Algorand ecosystem,” said AlgoDAO Managing Director Nathan Kaiser.
“We will be working closely with the Foundation to unlock more opportunities for innovative projects to get all the support they need to build the borderless future of Algorand.”
“AlgoDAO’s implementation of a built-in accelerator within their launchpad helps boost the quality of projects in the Algorand ecosystem,” says Daniel Oon, Head of DeFi at the Algorand Foundation.
“Some users might find their Sigma pool farming very interesting as it grows over time due to the number of projects successfully funded.”
Zone Mainnet is Live
The Algorand based NFT gaming platform Zone has this week launched on mainnet. The highly anticipated platform will allow users to play and earn $ZONE tokens with chess being the first game to go live. The project is planning on integrating an endless list of games over the course of its lifetime. Users can now follow instructions from ZONE to get started on the platform.
Sean Ford Shares Opinion Piece on CoinDesk
Algorand COO Sean Ford has appeared in the popular blockchain publication CoinDesk this week writing an opinion piece titled ‘How to Make Blockchain a New Kind of Economic Engine.’ The piece explores observations Ford has made on traditional economic models and emerging blockchain technology to suggest what he thinks will be the key the success of future procotols. Read his full piece here.
Thetanuts Complete Seed Round
The Thetnuts project has this week announced the closure of its $18M seed round led by Three Arrows Capital, DeribitExchange, QCPCapital, and JumpCryptoHQ. The project is building a suite of DeFi products including The Theta-Index, and Theta-Wheels. The project is set to announce further details on these flagship projects in the coming days.
Verida and Webblen Partner to Enable Self-Sovereign Data for Community Creators
The decentralized community engagement platform Webblen has this week announced a partnership with personalized data framework Verida to help improve its protocol.
“Data sovereignty and ownership is critical for any company to gain the trust of its users,” said Webblen CTO, Carter Razink.
“Webblen is at the intersection between Web2 and Web3. For our blockchain-native users, who are very sensitive to data protection, the partnership with Verida is especially important.”
“Sell the experience, not the technology,” Webblen CMO Nathaniel Thoreson.
“The Webblen app was designed to break through blockchain’s barrier of knowledge, an issue that has held back mass adoption.”
“Community members on Webblen shouldn’t have to know a thing about blockchain or crypto — all they need to know is that when they positively engage in their community, they will earn WBLN and can spend it in the Webblen mobile app Marketplace.”
Algoracle Partners With Glitter Finance
Algoracle and Glitter Finance have also confirmed a new strategic partnership this week that will see Glitter Finance utilize Algoracle data feeds.
“We are very excited to partner with the team at Glitter Finance, and Algoracle is thoroughly impressed with Glitter Finance’s technical capabilities and leadership team.” Says Algoracle’s CEO Abdul Osman.
“We believe this partnership will result in the launch of industry-leading and innovative solutions for the DeFi space that will make Algorand a premier choice for future decentralized applications. We look forward to releasing the details of these solutions in the near future. “
Algorand Named Tops Greenest Blockchain List
Cryptowisser has this week released a list ranking the sustainability of the 100 cryptocurrencies based on research carried out by its team.
The list saw Algorand named as the greenest of the 100 providing further validation of the chain’s core offerings.
“We are excited to release the world’s first comprehensive ranking of carbon footprints of Cryptos and we hope to give more clarity in the market regarding how green different cryptos are,” Richard Ramberg, CEO of Dgtl Assets Group AB.
“Based on our research, we can also give a positive outlook for the sustainability of Crypto.”
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 installment. For more from Algopulse visit https://www.algopulse.io/.
