News from the Algorand Foundation

May 5, 2021

Algorand Foundation Transparency Report (October 2020 - March 2021)

By Algorand Foundation
The Algorand Foundation is happy to publish its latest Transparency report, covering the period from October 2020 to March 2021. Going forward, the Foundation will publish the transparency reports quarterly to ensure timely information, also in light of the forthcoming Governance program, and to achieve reporting consistency and ease of period-to-period comparison.
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April 27, 2021

pNetwork and Algorand officially partner up to build new cross-chain connections

By Algorand Foundation
April 27th, 2021 - We are happy to announce that pNetwork, a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains, has partnered with Algorand, the pure proof-of-stake blockchain focused on the convergence between decentralized and traditional finance, to launch cross-chain bridges for the Algorand ecosystem.
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April 22, 2021

Algorand Network commits to being Carbon Neutral…. In fact, we’re going Carbon Negative!

By Algorand Foundation
April 22nd is recognized around the world as Earth Day and it’s a moment for the Algorand ecosystem to take stock of our impact on our environment and to ask ourselves if we can do more. The fact that the Algorand network is built on an innovative, low power consumption, Pure Proof-of-Stake consensus protocol already means that our carbon footprint is very small. This is especially so when compared with 1st and 2nd generation protocols such as Bitcoin or Ethereum. This low energy, low carbon footprint approach is a core feature of the Algorand network.
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April 22, 2021

ZTLment joins Danish FSAs regulatory sandbox to test B2B payments execution on Algorand blockchain

By Algorand Foundation
April 22nd, 2021, COPENHAGEN - ZTLment, a fintech company enabling cross-border trade between SMEs via programmable money, announces that it joins the regulatory sandbox of the Danish Financial Supervisory Authority (Danish FSA) as the first company in 2021. Test will provide regulatory clarity on the company's smart contract settlement solution, which enables cross-border trade between small and medium sized enterprises (SMEs)
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April 7, 2021

Update on Early Backer Accelerated Vesting

By Algorand Foundation
April 7th, 2021: [Updated] The 30 day moving average price of the Algo passed $1.21 on April 6th 2021. This was in excess of the previous “high water mark” 30 day average of $1.202 and, as a result, has restarted. This will continue until a new 30 day high water mark has been established and, at the point, vesting acceleration will once again pause.
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April 1, 2021

Unmarshal Receives Grant from Algorand to Build Advanced Data Infrastructure Layer for Applications on Algorand Protocol

By Algorand Foundation
April 1st, 2021 - Unmarshal and the Algorand community have partnered, through the Algorand Foundation Grants program, to build a modern data Infrastructure layer on the Algorand Chain. Applications building on top of the chain can now depend on Unmarshal’s data APIs and other end-point integrations to source rich, meaningful and reliable data from the chain.
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March 26, 2021

Cudo is world’s first mining software to pay out in Algo -  A non-mineable token!

By Algorand Foundation
March 26th, 2021 - We’re proud to reveal that ALGO has now been introduced as a payout token on the Cudo platform! 🥳 Optioning ALGO as a payout token is now available to anyone running compute to earn Algo using Cudo software.
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March 24, 2021

The Algo 4 X 100 USDT Relay Race Competition Winners

By Algorand Foundation
In early March, @FatherAlgo, one of our super Algorand advocates, shared a short video on Twitter of him, @algojack and their buddies transacting $USDT on Algorand across 4 continents in under two minutes with $0.004 fees paid. This showcased the speed, scale and low fees enjoyed when transacting the popular Tether stablecoin on Algorand. Based on the response and engagement we witnessed from the Algorand community, it got us thinking and we decided to run a competition with a 5,000 Algo reward for the fastest team who could beat @FatherAlgo's efforts (and 2nd and 3rd place prizes of 2k and 1k Algo respectively) . 
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March 16, 2021

Upcoming Algorand Foundation Wallet Activity 

By Algorand Foundation
17th March, 20201 - From March 18th to at least April 5th, the Algorand Foundation will complete the process of moving Algo funds, currently held in the wallets listed here, to custodial wallets held by a new provider (BitGo). This is expected to involve around 4B Algo moving between wallets. These transactions do not represent Algo entering circulating supply, even though they may temporarily appear so due to the automated reporting processes of the block explorers and research websites that report on the Algorand ecosystem. The team at the Algorand Foundation will work with the block explorers and 3rd party research teams (e.g. Messari, CoinMarketCap, CoinGecko) to ensure that the new BitGo addresses are identified as Foundation wallets and these Algo will be correctly recognized as not being in circulation.
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March 10, 2021

Improvements to 3rd Party Supply Reporting

By Algorand Foundation
March 10th, 2021 - In response to feedback from the Algorand community, the Algorand Foundation is working with leading research websites (e.g. Messari, CoinMarketCap and CoinGecko) to improve the accuracy and timeliness of their circulating and reported supply metrics for the Algo.
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