tag:blogger.com,1999:blog-304884441205165362024-03-22T17:43:38.757+02:00AlgoDaddy<center>Your Guide To Algorand</center>Unknownnoreply@blogger.comBlogger25125tag:blogger.com,1999:blog-30488444120516536.post-87483101495737776312023-03-06T11:13:00.007+02:002023-03-06T12:50:59.619+02:00Algorand Users Funds Continues To Be Stolen: Algodex, Lofty and Smaller Wallets Now Amongst Victims<h1 style="text-align: left;"></h1><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT5_qMveK2uZe-7lPdF5UBxNlp_CStOPBsTNSYcVkLkAjoaI9J8jcq1aguuzibHx9npIWaipWWIIIGLyKC0qpzM92kIsURSYPoUWypME8PziA9AXc4CUe3EOse3rwHPyjKIwsXVtvTyNbmj5f7cOh3uXWJj_rkJwcJ0-lGb-B0N7WCwwrUj5wUP_uf/s7952/close-up-man-preparing-steal-from-young-woman.jpg" style="margin-left: auto; margin-right: auto;"><img alt="Algorand Users Funds Continues to Be stolen" border="0" data-original-height="5304" data-original-width="7952" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT5_qMveK2uZe-7lPdF5UBxNlp_CStOPBsTNSYcVkLkAjoaI9J8jcq1aguuzibHx9npIWaipWWIIIGLyKC0qpzM92kIsURSYPoUWypME8PziA9AXc4CUe3EOse3rwHPyjKIwsXVtvTyNbmj5f7cOh3uXWJj_rkJwcJ0-lGb-B0N7WCwwrUj5wUP_uf/w640-h426/close-up-man-preparing-steal-from-young-woman.jpg" title="Algorand Users Funds Continues to Be stolen" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #999999; font-family: inherit; font-size: x-small;"><i>Image by Freepik</i></span></td></tr></tbody></table><h1 style="text-align: left;">Algorand Users Funds Continues To Be Stolen </h1><p><b>It was</b> <a href="https://www.algodaddy.org/2023/02/over-1-million-usd-stolen-from-algorand.html"><b>first reported</b></a> by AlgoDaddy on the 21st of February that a few large wallets had been drained for their funds. </p><p><b>A few days later</b> it turned out that at least <a href="https://www.algodaddy.org/2023/02/over-13-million-ALGO-now-suspected-stolen.html"><b>13 Million ALGO</b></a> had been stolen from whale wallets, amongst the affected wallets was the Algorand DeFi platform GARD.</p><h2 style="text-align: left;">Algodex, Lofty & Smaller Wallets Affected</h2><p><b>During the last couple of days</b> the malicious actors have once again become active, as reported by the user <b><a href="https://twitter.com/d13_co" rel="nofollow" target="_blank">D13</a></b> on Twitter, and the attackers have now started to drain smaller wallets in the process. </p><p><b>Both Algodex and Lofty</b> reported having funds stolen, the latter losing $65K worth of ALGO. However, Lofty claims no user funds have been compromised. </p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">The attackers are active again today and two things have changed:<br /><br />- smaller accounts are being attacked<br />- automation/scripting is observed from the attackers<br /><br />If you are putting it off as "they won't bother with my account" this could prove costly.<br /><br />Rekey or move funds. <a href="https://t.co/V8JKVEuLDd">https://t.co/V8JKVEuLDd</a></p>— D13.co (@d13_co) <a href="https://twitter.com/d13_co/status/1632547786834030594?ref_src=twsrc%5Etfw">March 6, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><p><b>Reportedly, </b>not only ALGO are being drained from these wallets, but Algorand ASA's as well, such as gALGO, goBTC, goETH, goMINT, USDC, USDT and OPUL.</p><h2 style="text-align: left;">No Problem With The Blockchain Itself</h2><p><b>The suspected source of the attack</b> is some kind of exploit or systematic phishing through the <a href="https://www.algodaddy.org/2023/02/gard-admits-losing-funds-myalgo-warns-users-to-withdraw-funds.html"><b>MyAlgo</b></a><b> </b>mnemonic wallets, however this is yet to be fully confirmed. </p><p><b>Algorands chief technical officer</b>, John Woods, previously <b><a href="https://twitter.com/JohnAlanWoods/status/1628431740598472705" rel="nofollow" target="_blank">commented</a></b> that there are no exploits or problems with the actual Algorand protocol itself, and that it remains secure. </p><h2 style="text-align: left;">Save Your Funds, Rekey or Create New Wallet</h2><div><b>It's possible to</b> <b><a href="https://support.perawallet.app/en/article/how-to-rekey-an-algorand-account-with-pera-web-wallet-9alza3/" target="_blank">rekey</a> </b>your software wallets with either the <a href="https://www.algodaddy.org/2021/11/official-algorand-wallet.html" target="_blank"><b>Pera wallet</b></a> or with the <b><a href="https://www.algodaddy.org/2022/01/Defly-Algorand-Wallet.html">Defly wallet</a></b>. </div><div><br /></div><div><b>Rekeying your wallet</b> will keep all your inventory in the same account, saving energy and time, while keeping your custom addresses and avoiding becoming ineligible for <a href="https://www.algodaddy.org/2021/11/algorand-staking-governance.html"><b>Governance</b></a>. </div><h2 style="text-align: left;">Steps To Avoid Future Exploits</h2><div><div><b>• Never share</b> your 25 word seed phrase with anyone. </div><div><br /></div><div><b>• Anyone who suspect</b> that their account might have been compromised should be immediately create a new wallet and transfer their funds there. </div><div><br /></div><div><b>• In addition</b>, thread carefully when using dApps in the crypto space. Don't opt in<b> </b>to smart contracts that you don't fully trust. Make sure you do your due diligence.</div><div><br /></div><div><b>• Be careful when using google</b> to access your favorite websites in the ecosystem, often phishing sites will be promoted, using similar domain names as the real sites, looking identical, and stealing your ALGO in the process. </div><div><br /></div><div><b>• Never store your seed phrase digitally</b>, not as a screenshot nor saved in a document. This is one of the main ways malicious forces use to gain access to your account. Rather store the seed phrase on a physical piece of paper or metal, in a safe place protected from destruction (i.e. residential fire).</div><div><br /></div><div><b>• Make sure </b>to always use two-factor authentication whenever possible. This is especially important if you keep any amount of crypto store on central exchanges. </div><div><br /></div><div><b>• Use a separate phone </b>or computer to handle your crypto-related interactions. Keep this computer up-to-date and free of any suspicious apps or programs. You may even keep it offline when not using it.</div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-44443125200515866972023-03-01T19:03:00.006+02:002023-03-01T19:03:52.400+02:00Algorand Appoints Matthew Commons As Its First CFO<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfoSUikQAzKHtUCqFflj_gEmVG3Pmug49cigR-pgEOXrVPK94eCgTwcKy9JoOd3XClrLmewfvpxfo7Aii6FUUOw3wLae5tyHPPJ-3azQ_hgs3nwdovfSQg6dazDG--cPccpcYXqtaMDhfd6V-nOKcjPCYXVYGu98tzq8LbsdFzHhJDT-d4xsbxQnbD/s1056/CCZV3YMDSNACDCE5QDTGVTB7W4%20(1).webp" style="margin-left: auto; margin-right: auto;"><img alt="Algorands new CFO Matthew Commons (Algorand Inc.)" border="0" data-original-height="594" data-original-width="1056" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfoSUikQAzKHtUCqFflj_gEmVG3Pmug49cigR-pgEOXrVPK94eCgTwcKy9JoOd3XClrLmewfvpxfo7Aii6FUUOw3wLae5tyHPPJ-3azQ_hgs3nwdovfSQg6dazDG--cPccpcYXqtaMDhfd6V-nOKcjPCYXVYGu98tzq8LbsdFzHhJDT-d4xsbxQnbD/w640-h360/CCZV3YMDSNACDCE5QDTGVTB7W4%20(1).webp" title="Algorands new CFO Matthew Commons (Algorand Inc.)" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-size: x-small;"><i style="background-color: #999999;">Algorands new CFO Matthew Commons (Algorand Inc.)</i></span></td></tr></tbody></table><h1 style="text-align: left;">Algorand Appoints Matthew Commons As Its First CFO</h1><p><b>Algorand has <a href="https://www.prnewswire.com/news-releases/matthew-commons-appointed-cfo-of-algorand-301758817.html" target="_blank">appointed</a> Matthew Commons</b> as its first chief financial officer (CFO) to help identify strategic growth areas and develop financial plans to achieve them. </p><h2 style="text-align: left;">Previous Co-Founder of Cambridge Blockchain</h2><p><b>As a Chartered Financial Analyst</b> with an MBA from Harvard Business School, Commons brings a wealth of experience to the role. Prior to joining Algorand, he was president at Commons Partners LLC, an executive advisory firm with clients in the cryptocurrency and technology industry.</p><p><b>Commons also served as CEO</b>, chairman, and co-founder of Cambridge Blockchain, which developed blockchain products for traditional finance firms. </p><h2 style="text-align: left;">Expected To Expand Growth Strategies</h2><p><b>According to Algorands interim</b> <b>CEO</b>, W. Sean Ford, Commons has extensive experience in blockchain technology, entrepreneurship, and management, as well as executing mergers and acquisitions and working with the investment community. </p><p><b>The appointment of a CFO</b> is expected to help Algorand expand its growth strategies and capital management, as the company looks to build on its success as a leading blockchain protocol in the crypto and Web3 space.</p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-79974924864290936942023-02-27T21:06:00.005+02:002023-03-01T19:04:16.210+02:00GARD Admits To Losing Funds In Recent Crypto Heist, MyAlgo Tells Users To Withdraw Funds From Wallets<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr-CXnl-Kc6la9FV7Mn2K9aiNO6PVvuF3gCoksZ91VVRIAF86k-1d1W7lXG8ceLpUSVy9OZ2j2B0Dyznfr9V1N4jGkyq57N3yYk0RR6X27OUEMptjh2ct_BPhxBeorqAbprfZJ9shj9VyYCsTDavgnfuVw2wDHkcBg2GIF45qkeRfhCtz3e_blUeCg/s1920/MyAlgo%20HACK%20Algorand.webp" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1080" data-original-width="1920" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr-CXnl-Kc6la9FV7Mn2K9aiNO6PVvuF3gCoksZ91VVRIAF86k-1d1W7lXG8ceLpUSVy9OZ2j2B0Dyznfr9V1N4jGkyq57N3yYk0RR6X27OUEMptjh2ct_BPhxBeorqAbprfZJ9shj9VyYCsTDavgnfuVw2wDHkcBg2GIF45qkeRfhCtz3e_blUeCg/w640-h360/MyAlgo%20HACK%20Algorand.webp" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">GARD Admits To Losing Funds In Recent Crypto Heist</h1><p><b>Last week </b>on Wednesday AlgoDaddy <b><a href="https://www.algodaddy.org/2023/02/over-13-million-ALGO-now-suspected-stolen.html">broke the news</a></b> that over $13 Million ALGO had been stolen from several large wallets.</p><p><b>During the last couple days</b> more stories have surfaced from users admitting having their funds drained from their wallets. </p><p><b>One of the more prominent ones were the GARD</b>, an Algorand DeFi platform, who admitted to having their operational funds wallet emptied in last weeks attack. GARD has did not reveal the amount lost, however the <b><a href="https://twitter.com/RylieRueda/status/1629695372359618563?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1629695372359618563%7Ctwgr%5Ea8fe5e05408e86b3a6ecbe6ec09424d8a4945663%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2FRylieRueda2Fstatus2F1629695372359618563widget%3DTweet" rel="nofollow" target="_blank">creator</a></b> of GARD stated said that "while it did not represent our entire runway it is certainly a tough blow." on twitter.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Hey algofam we are reaching out to share that GARD has been affected by the recent string of hacks. The protocol owned account held a portion of our operational funds and resulted in a partial loss of the protocol’s runway. This occurred ~5 days ago. No funds are missing from… <a href="https://t.co/Cb3KyUlIgD">https://t.co/Cb3KyUlIgD</a></p>— gard.algo (@algogard) <a href="https://twitter.com/algogard/status/1629565940026187776?ref_src=twsrc%5Etfw">February 25, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">MyAlgo Wallet Warns Tells Users Withdraw Funds</h2><p><b>The Algorand wallet known as MyAlgo</b> has warned it's users to withdraw their funds from all mnemonic wallets they use on the MyAlgo website. MyAlgo is a non-custodial wallet, meaning users have full control over their funds and private keys. </p><p><b>They later added </b>that users having a Ledger wallet are safe, and currently there are no confirmed reports of Ledgers being affected by the recent crypto heist. </p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">IMPORTANT: ⚠️We strongly advise all users to withdraw any funds from Mnemonic wallets that were stored in MyAlgo. As we still don't know the root cause of recent hacks, we encourage everyone to take precautionary measures to protect their assets. Thank you for your understanding.</p>— MyAlgo (@myalgo_) <a href="https://twitter.com/myalgo_/status/1630185695791706120?ref_src=twsrc%5Etfw">February 27, 2023</a></blockquote><p><b>It's still unclear</b> what caused the 'hack'. Due to this still AlgoDaddy encourages everyone to take precautionary measures to protect their assets, in the same manner as MyAlgo has recommend as well. </p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-24546973708768426152023-02-25T12:27:00.008+02:002023-02-26T08:35:07.797+02:00Watch The Algorand Sponsored Drone Racing League World Championship Taking Place on 25th of February<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgezvj4j--nA-Skj5-H0JN_kjbebTmr3HjIzxVVlRfZa6YM6hALA1U0Xk8LqRza7wF94HTRFtp2zM5RPZotZ7pEA3TAlciz9hmT4q-EWN_NtRahOz0LTRrKr_VgOi9cQwZ272_tqbf1paXCWxsJg8RiE6WLwuC9pGr9NZig495zEES0ZGuuVAX1T4lN/s1248/Drone%20Racing%20League%202023.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="604" data-original-width="1248" height="310" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgezvj4j--nA-Skj5-H0JN_kjbebTmr3HjIzxVVlRfZa6YM6hALA1U0Xk8LqRza7wF94HTRFtp2zM5RPZotZ7pEA3TAlciz9hmT4q-EWN_NtRahOz0LTRrKr_VgOi9cQwZ272_tqbf1paXCWxsJg8RiE6WLwuC9pGr9NZig495zEES0ZGuuVAX1T4lN/w640-h310/Drone%20Racing%20League%202023.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Algorand Sponsored Drone Racing League World Championship Takes Place Today</h1><p><b>Today</b>, February the 25th, the Algorand sponsored DRL World Championship is set to take Miami by storm, promising to be one of the most thrilling and exciting competitions in the world of drone racing. </p><p><b>The Miami event</b> promises to be a high-energy, adrenaline-fueled competition that showcases the very best in drone racing technology. It's set to start at 19:15 EST. </p><p><b>Fans can expect to see some of the top drone pilots</b> from around the world battle it out on a challenging and complex course that will push their skills to the limit. </p><h2 style="text-align: left;">Algorand Takes Drone Racing To Another Level</h2><p><b>One of the unique features </b>of the Miami 3-0-FLY event is the use of Algorand blockchain technology to ensure the fairness and transparency of the competition. </p><p><b>This innovative technology</b> will provide fans with real-time updates on the performance of each pilot and the results of each race, adding an extra layer of excitement to the event. </p><h2 style="text-align: left;">Enjoy Full-Fledged Entertainment </h2><p><b>In addition to the racing action</b>, fans can also look forward to a variety of entertainment and activities, including live music, food vendors, and opportunities to meet and interact with the pilots themselves. </p><p><b>The Algorand sponsored Drone Racing</b> <b>League event</b> promises to be a must-see event for any fan of high-speed, high-tech drone racing competitions.</p><p><b>You can get <a href="https://www.mlb.com/marlins/ballpark/events/drone-racing-league" target="_blank">tickets</a></b> to the event or watch the live stream on the Drone Racing League <a href="https://www.youtube.com/@Thedroneracingleague/streams" rel="nofollow" target="_blank"><b>YouTube channel</b></a>. </p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-73480243236948045242023-02-23T19:14:00.003+02:002023-10-06T17:58:04.704+03:00GREEN IS GOOD: Algorand Uses Only 80 kW of Energy, Carbon Offsetting as Previously Pledged<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglid124eFJ76fCleGAM6-w7hqlaagt-6v9oKbCoo7WfhlZYDEReT5-LEsQjyE2SPiu_aG2F5G5dOChOv6ZQNFk28v4FvzApRBGqowrAfuopCj7mDPJOd4-2uNlB_S6cUSfqUeSLnqauVFmppJgOk6hjFbXfOQXIc40-jQb-kvoY0XXgtHQ-ip5N3uE/s1644/Algorand%20enviromentally%20friendly.webp" style="margin-left: auto; margin-right: auto;"><img alt="Algorand environmentally friendly" border="0" data-original-height="1001" data-original-width="1644" height="390" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglid124eFJ76fCleGAM6-w7hqlaagt-6v9oKbCoo7WfhlZYDEReT5-LEsQjyE2SPiu_aG2F5G5dOChOv6ZQNFk28v4FvzApRBGqowrAfuopCj7mDPJOd4-2uNlB_S6cUSfqUeSLnqauVFmppJgOk6hjFbXfOQXIc40-jQb-kvoY0XXgtHQ-ip5N3uE/w640-h390/Algorand%20enviromentally%20friendly.webp" title="Algorand environmentally friendly" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Algorand Uses Only 80 kW of Energy, Carbon Offsetting as Previously Pledged</h1><div><b>On the 23rd of February</b> the CTO of the Algorand Foundation, John Woods, posted on Twitter saying that the <b><a href="https://www.algodaddy.org/2021/12/the-algorand-blockchain-explained.html">Algorand protocol</a> </b>has been running at a very efficient 80 kW. </div><div><br /></div><div><b>Considering that the Algorand protocol</b> has seen no downtime since its origin, it would roughly equate to 700-megawatt hours (MWh) in energy usage over the whole of 2022, assuming that it has required more or less the same amount of energy throughout the whole year.<br /></div><div><b><br /></b></div><div><div style="text-align: center;"><b><span style="color: #ffa400; font-size: medium;">Recommended Read:</span></b></div><div style="text-align: center;"><b><a href="https://www.algodaddy.org/2021/11/top-6-reasons-why-to-invest-in-algorand.html"></a><a href="https://www.algodaddy.org/2021/11/top-6-reasons-why-to-invest-in-algorand.html"><span style="font-size: medium;">Top 6 Reasons Why To Invest In Algorand</span></a></b></div></div><h2 style="text-align: left;">About 150 Million Times Less CO2 Than Bitcoin</h2><div><b>Algorand's digital transactions</b> emit 150 million times less CO2 than the Bitcoin blockchain. </div><div><br /></div><div><b>To put this into numbers</b>, one Bitcoin transaction consumes approximately 1,206.52 kilowatt-hours of electricity, while Algorand says one transaction only consumes about 0.000008 kWh of energy.</div><div><br /></div><div><b>The small amount of electricity</b> it actually did use for 2022 is set to be offset at the end of the month through the purchase of carbon credits.<br /><br /></div><div><br /></div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Algorand is currently running at a very efficient 80kW, last years small carbon footprint will be made negative by purchasing carbon credits, on-chain with ClimateTrade, expected by the end of this month. <a href="https://t.co/uSXCaGCxvS">https://t.co/uSXCaGCxvS</a></p>— John Woods (@JohnAlanWoods) <a href="https://twitter.com/JohnAlanWoods/status/1628781089853415424?ref_src=twsrc%5Etfw">February 23, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><div><br /></div><h2 style="text-align: left;">Partnership with ClimateTrade to Stay Green</h2><div><b>In April of 2022, </b><a href="https://cointelegraph.com/news/algorand-aims-to-convert-network-transaction-fees-into-carbon-offsets" target="_blank"><b>CoinTelegraph</b></a> reported that Algorand had partnered up with ClimateTrade, pledging to become a carbon-negative blockchain. ClimeTrade uses blockchain technology to make sustainability efforts more efficient.</div><div><br /></div><div><b>As such</b>, they implemented the world's first smart contract to automate carbon emissions offsetting by allocating a portion of every transaction fee to the task. </div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-45480685000260294022023-02-22T16:51:00.021+02:002023-10-06T17:57:11.913+03:00Over 13 Million ALGO Now Suspected Stolen, Algorand Foundation CTO Responds To The Situation<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI2aZiseEqMA--0isadmYG--BxpMw_2NFbr-e_rrL0WWR1j51vtEuBX7xOovl0ky90lBjIRI_eyP-qntXzOmky88AOlG8ODUpBsmilxtPSRhwEnzRAU6DJUjxvNxnRBGkbF3S4N5a2Qw9TAFyBbQelct7iV2lPoDZ7_KmKOmchrfos7QRa3bj4uVMm/s4000/pexels-antoni-shkraba-5475757.jpg" style="margin-left: auto; margin-right: auto;"><img alt="ALGO Stolen" border="0" data-original-height="2667" data-original-width="4000" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI2aZiseEqMA--0isadmYG--BxpMw_2NFbr-e_rrL0WWR1j51vtEuBX7xOovl0ky90lBjIRI_eyP-qntXzOmky88AOlG8ODUpBsmilxtPSRhwEnzRAU6DJUjxvNxnRBGkbF3S4N5a2Qw9TAFyBbQelct7iV2lPoDZ7_KmKOmchrfos7QRa3bj4uVMm/w640-h426/pexels-antoni-shkraba-5475757.jpg" title="ALGO Stolen" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="text-align: start; white-space: pre;"><span style="color: #666666; font-family: inherit; font-size: x-small;"><i>Photo by Antoni Shkraba</i></span></span></td></tr></tbody></table><h1 style="text-align: left;">Over 13 Million ALGO Now Suspected Stolen Between 19-21th of February</h1><div><b>Yesterday AlgoDaddy</b> posted an <a href="https://www.algodaddy.org/2023/02/over-1-million-usd-stolen-from-algorand.html"><b>article about over 3.5 million ALGO</b></a> being confirmed stolen from several different Algorand community members. </div><div><br /></div><div><b>Today we can report</b> that over 13 million ALGOs are suspected to have been stolen between the 19th to 21st of February, and over 12 accounts have been affected. It's unclear if the ALGO was stolen through an exploit or executed using phishing techniques.</div><div><br /></div><div><b><span style="color: #ffa400;">Update: </span></b>This article was updated on Wednesday evening with a response from the foundation's CTO, John Woods. We've also added information about the stolen funds provided by a ChangeNOW representative. Both can be found further down the article. </div><h2 style="text-align: left;"><b>Developer Collective Suspect 13.3 Million ALGO Being Stolen</b></h2><div><b>Algorand-focused developer collective</b> <b><a href="https://twitter.com/d13_co">D13.co</a></b> contacted AlgoDaddy during the afternoon. They had found several large suspicious transactions similar to those previously reported hacked, this became apparent after having dug deeper into the Algorand transactions of ineligible governors between the 19th and 21st of February.</div><div><br /></div><div><b>Bit, the founder of <a href="https://d13.co/" target="_blank">D13 collective</a></b>, commented on the matter: "It's a weird middle ground where it's too many [affected accounts] to be a coincidence and too few to be mass exploitation" he added that "something curious seems to have happened to those accounts". </div><div><br /></div><div><b>Most of the stolen</b> ALGO has been transferred to the non-custodial crypto exchange known as <b><a href="https://changenow.io/" rel="nofollow" target="_blank">ChangeNOW</a></b>, which operates without extending KYC (personal identification) to all its users. <span style="font-family: inherit;">Still, it should be noted that the ChangeNOW team has implemented several AML mechanisms designed to detect fraud and filter suspicious transactions.</span></div><h2 style="text-align: left;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKraOVEZOUVDE8IVXEeNr_hc0EcID82TqIQl0LDigUKws6MUHwxNNdFbBLWU_w4S9enTOHAAQZ0esjE00PKzWBZA263DvfQtIMy4MObOyXYZurWkeVa7HW3XzRIvq9Ia_siPQXf3s1BV3rZNC9HwZWpBFnqzc0gNupg_kzSeUaUuL4LMrO_UAEoaKX/s1401/Hacked%20accounts%20Algorand%20.png" style="margin-left: auto; margin-right: auto;"><img alt="Affected Algorand accounts" border="0" data-original-height="320" data-original-width="1401" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKraOVEZOUVDE8IVXEeNr_hc0EcID82TqIQl0LDigUKws6MUHwxNNdFbBLWU_w4S9enTOHAAQZ0esjE00PKzWBZA263DvfQtIMy4MObOyXYZurWkeVa7HW3XzRIvq9Ia_siPQXf3s1BV3rZNC9HwZWpBFnqzc0gNupg_kzSeUaUuL4LMrO_UAEoaKX/w640-h146/Hacked%20accounts%20Algorand%20.png" title="Affected Algorand accounts" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><i><span style="font-size: x-small;">D13.co XLM of affected accounts and </span></i><span style="font-size: x-small;"><i>transactions</i></span></td></tr></tbody></table><br />CryptoNOW Says Funds Are Safe</h2><div><b>AlgoDaddy was in contact</b> with a representative from ChangeNOW, who said that their risk-prevention system had halted suspicious transactions in ALGO and USDC on the Algorand blockchain worth $1.5 million, stopping the malicious actors from accessing the stolen funds any further. </div><div><br /></div><div><b>ChangeNOW expressed its willingness</b> to cooperate with the authorities and the victims of the theft and they are ready to provide any assistance necessary to help bring the perpetrators to justice. </div><div><br /></div><div style="text-align: center;"><b><span style="color: #ffa400; font-size: medium;">Recommended Read:</span></b></div><div style="text-align: center;"><a href="https://www.algodaddy.org/2022/12/algorand-price-prediction-for-2030.html"><b><span style="font-size: medium;">Algorand Price Prediction For 2030 - We Did The Math</span></b></a><br /></div><h2 style="text-align: left;">FBI Has Been Informed, CTO Comments On The Issue</h2><div><b><a href="http://www.algodaddy.org">AlgoDaddy</a> has been in contact</b> with several of the affected users, one of which reported having put pressure on Algorand Inc., as well as the foundation, to get a response to the situation. The same user said that he had reported the stolen ALGO to the U.S. Federal Investigation Bureau, hoping that they would look into the matter. </div><div><br /></div><div><b>After the initial silence</b> the foundation's chief technical officer, John Woods, commented on Twitter and reassured users that the theft was not due to any technical problems with the Algorand protocol itself. </div><div><br /></div><div><b>Woods also said</b> that they're working with affected users on an individual basis to help them investigate what happened.</div><div><br /></div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Folks - I agree that there are too many of these hacks to be a coincidence, but it's not a problem with the protocol. We're working to help on an individual basis, looks like a targeted attack to me. Be extra careful with your Operational Sec, double check before you approve txns. <a href="https://t.co/TTLdacdgai">https://t.co/TTLdacdgai</a></p>— John Woods (@JohnAlanWoods) <a href="https://twitter.com/JohnAlanWoods/status/1628431740598472705?ref_src=twsrc%5Etfw">February 22, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><div><br /></div><div><b>It's still unclear how this crypto heist exactly happened.</b> At the moment the amount of stolen ALGO totals to over 13.3 million, i.e. almost 3.6 million USD. </div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a><br /><b>Last updated: </b>October, 2023</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-83551277674612075842023-02-21T11:03:00.010+02:002023-02-21T11:19:24.891+02:00Over $1 Million USD Stolen From Algorand Users: Use These 7 Tricks To Keep Your ALGO Safe<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjze859isFy6QKFzk-b3Q_pbqsRuw3RbP7ynZI7AFhvqLxakqv2kO4RNTZDW6JLU4gM0RXTk7D2AlfrzVRI0p_O1dKu7WNgs7sxfX40PjBdcRWr_s4t-3mj-KkRh6mwgdVkbW1TOKydEpe5USCk7WotF1dSvJgQmsuHWjLUn1-AOpbkre-rUqf8yNHp/s1920/Algorand%20Users%20hacked.webp" style="margin-left: auto; margin-right: auto;"><img alt="Algorand Users Hacked" border="0" data-original-height="1280" data-original-width="1920" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjze859isFy6QKFzk-b3Q_pbqsRuw3RbP7ynZI7AFhvqLxakqv2kO4RNTZDW6JLU4gM0RXTk7D2AlfrzVRI0p_O1dKu7WNgs7sxfX40PjBdcRWr_s4t-3mj-KkRh6mwgdVkbW1TOKydEpe5USCk7WotF1dSvJgQmsuHWjLUn1-AOpbkre-rUqf8yNHp/w640-h426/Algorand%20Users%20hacked.webp" title="Algorand Users Hacked" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Over $1 Million USD Stolen From Algorand Users</h1><div><b>It was on Monday evening</b> where it was first reported by the twitter account <a href="https://twitter.com/Algo_Surf" target="_blank"><b>Algo Surf</b></a>, that several Algorand accounts had been hacked, or were suspected to be so. At least 3 twitter users reported to have large amounts of funds stolen.</div><div><br /></div><div><b>The value of the hacked ALGO</b> amounts to over $1 million USD, with one particular user losing over 1.2 million ALGO, or roughly $350,000 USD. </div><div><br /></div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">📢 PSA 🔄 <a href="https://twitter.com/hashtag/Algofam?src=hash&ref_src=twsrc%5Etfw">#Algofam</a> Within the past 24H, the following <a href="https://twitter.com/hashtag/Algorand?src=hash&ref_src=twsrc%5Etfw">#Algorand</a> addresses have been hacked or suspected so (...emptied out on changenow; most were idle for a month+)<br /><br />Totals: ~3.4M <a href="https://twitter.com/search?q=%24ALGO&src=ctag&ref_src=twsrc%5Etfw">$ALGO</a><a href="https://t.co/fyGsskrAsR">https://t.co/fyGsskrAsR</a><br /><br />357K to changenow<br /><br />... 1/4</p>— Algo Surf (@Algo_Surf) <a href="https://twitter.com/Algo_Surf/status/1627827487668424707?ref_src=twsrc%5Etfw">February 21, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><div><br /></div><h2 style="text-align: left;">Large Deposits Leading To Crypto Exchange</h2><div><b>The non-custodial exchange</b> ChangeNow sees it's largest influx of ALGO ever during 20th of February, including some large deposits leading back from the hacked wallets. </div><div><br /></div><div><b>The aforementioned</b> twitter account, Algo Surf, commented in their twitter thread that the hack <i>may</i> have been related to an iPhone exploit. Supposedly this was patched on iOS during the last week, but all users might have not yet have updated their phones to receive this fix. </div><div><br /></div><div><b>Either way</b>, it's still unsure if this is the definite exploit used in these malicious attacks.<br /><br /></div><div><br /></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUQbmGiIm68ktLP7kXIpV9fwQoDh_hsTnIPK506gVKL7GyCVXs5xiDdCt2-00DKTATeI5xQBvKlFGMCjTs5vttdi6jD6WSCQwIwjT0tL9SrB4pFDpBU5UnxyaqjA5dG83gmUR0XE6xlfs6n97gqCaEHlzWqfss5kT72Bg5Zy26eCKej-hLmeoDVYXF/s784/algorand%20hack.png" style="margin-left: auto; margin-right: auto;"><img alt="Algorand hack" border="0" data-original-height="745" data-original-width="784" height="380" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUQbmGiIm68ktLP7kXIpV9fwQoDh_hsTnIPK506gVKL7GyCVXs5xiDdCt2-00DKTATeI5xQBvKlFGMCjTs5vttdi6jD6WSCQwIwjT0tL9SrB4pFDpBU5UnxyaqjA5dG83gmUR0XE6xlfs6n97gqCaEHlzWqfss5kT72Bg5Zy26eCKej-hLmeoDVYXF/w400-h380/algorand%20hack.png" title="Algorand hack" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h2 style="text-align: left;">Practice Safe CEX and Protect Your ALGO</h2><div>These are some of the actions Algorand users must take in order to keep their ALGO safe: </div><div><br /></div><div><b>• Never share</b> your 25 word seed phrase with anyone. </div><div><br /></div><div><b>• Anyone who suspect</b> that their account might have been compromised should be immediately create a new wallet and transfer their funds there. </div><div><br /></div><div><b>• In addition</b>, thread carefully when using dApps in the crypto space. Don't opt in<b> </b>to smart contracts that you don't fully trust. Make sure you do your due diligence.</div><div><br /></div><div><div><b>• Be careful when using google</b> to access your favorite websites in the ecosystem, often phishing sites will be promoted, using similar domain names as the real sites, looking identical, and stealing your ALGO in the process. </div></div><div><br /></div><div><b>• Never store your seed phrase digitally</b>, not as a screenshot nor saved in a document. This is one of the main ways malicious forces use to gain access to your account. Rather store the seed phrase on a physical piece of paper or metal, in a safe place protected from destruction (i.e. residential fire).</div><div><br /></div><div><b>• Make sure </b>to always use two-factor authentication whenever possible. This is especially important if you keep any amount of crypto store on central exchanges. </div><div><br /></div><div><b>• Use a separate phone </b>or computer to handle your crypto-related interactions. Keep this computer up-to-date and free of any suspicious apps or programs. You may even keep it offline when not using it.</div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-19288357469942723072023-02-20T14:59:00.004+02:002023-02-20T15:11:41.249+02:00These Are The Algorand Governance Period 6 Draft Measures - Significantly Lowered Rewards in G7?<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz5lwT_ArA5Dmy7C0VRZToUiM24Jje1MGT6-lLaMqYjrxDJUENG1jwP6zXPPqkWhocR709N-7W6ji7YD7lBsVaNqyjh814eJg7Ke3_2G8F3lX_6U8hRxv36rSHzd4RUTSf2tSviHgpu7rKAYPL01HKBNXP4g7Fq_Evuy_A9X9L7gecMYlLGLS5SkAV/s1280/LpCommitAnnouncementModalFirstImage.edb0dd61.jpeg" style="margin-left: auto; margin-right: auto;"><img alt="algorand governance measures" border="0" data-original-height="560" data-original-width="1280" height="280" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz5lwT_ArA5Dmy7C0VRZToUiM24Jje1MGT6-lLaMqYjrxDJUENG1jwP6zXPPqkWhocR709N-7W6ji7YD7lBsVaNqyjh814eJg7Ke3_2G8F3lX_6U8hRxv36rSHzd4RUTSf2tSviHgpu7rKAYPL01HKBNXP4g7Fq_Evuy_A9X9L7gecMYlLGLS5SkAV/w640-h280/LpCommitAnnouncementModalFirstImage.edb0dd61.jpeg" title="algorand governance measures" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">These Are The Algorand Governance Period 6 Draft Measures</h1><p><b>The Algorand governance</b> program manager, Adriana Belotti, announced the draft measures for the G6 period in a <b><a href="https://forum.algorand.org/t/governance-period-6-draft-measures-community-check-in/8956" rel="nofollow" target="_blank">forum post</a></b> on the Algorand website. </p><p><b>Belotti asked</b> the Algorand community for feedback on the measures ahead them being finalized and published publicly on the <b><a href="https://governance.algorand.foundation/" target="_blank">governance portal</a></b>. </p><h2 style="text-align: left;">Prioritizing Growth of The Ecosystem</h2><p><b>The community has expressed concerns</b> about high rewards for quarterly votes with no ecosystem participation. The foundation members are actively discussing the best moderation gradient, with the help of the <b><a href="https://www.algodaddy.org/2023/02/the-algorand-governance-advisory-committee-members.html" target="_blank">governance advisory council</a></b>, and will announce rewards each quarter while remaining flexible to market needs.</p><p><b>In the post</b>, she stresses that the Algorand Foundation is changing its governance rewards to prioritize activities that contribute to the growth and health of the Algorand network, such as DeFi rewards and the xGov program. </p><div style="text-align: center;"><b style="color: #ffa400;"><span style="font-size: medium;">Recommended Read:</span></b></div><div style="text-align: center;"><a href="https://www.algodaddy.org/2021/11/algorand-staking-governance.html"></a><a href="https://www.algodaddy.org/2021/11/algorand-staking-governance.html"><b><span style="font-size: medium;">Algorand Staking & Governance</span></b></a></div><h2 style="text-align: left;">Lowered Rewards From Governance </h2><p><b>She announced</b> that their considering a total rewards pool of either 60MM Algos or 50MM Algos for the next (G7) period of governance, including a minimum of 15MM Algos in DeFi rewards, as well as the two measures below.</p><h2 style="text-align: left;">The Two Proposed Governance Measures</h2><p>Below follows the two measurements as described in the forum post linked previously. Measures will be live on the governance portal from February 24th and the voting session will be open from March 3rd-17th (Singapore time). Those wanting to submit feedback can do so until then. </p><hr /><p><b>Measure 1 -<span style="color: #ffa400;"> DeFi Rewards </span></b></p><p>DeFi rewards have led to a significant boost in Algorand's TVL. Yes, TVL is not the be-all measure of an ecosystem, but it is important for our ecosystem in this early stage, as we fight to gain mind and market share amongst other L1s. </p><p>To further boost participation in the DeFi protocols, rather than passive holding, we are considering increasing the current level of DeFi rewards from 15MM to 20MM Algos. </p><p><b>This would be a yes/no vote.</b></p><p><b><br /></b></p><p><b>Measure 2</b> - <b style="color: #ffa400;">Project Relief Pool</b></p><p>We are also proposing establishing a pilot program to support projects that are struggling to find their audiences amidst bear market challenges. This program would have an initial allocation of 2.5MM Algos.</p><p><b>This would be a yes/no vote.</b></p><p>Fund allocation criteria:</p><p>• Proposals are to be submitted to vertical heads for evaluation and approvals may be processed by the vertical committees - if they are formed - or by (a) the vertical head and/or (b) GAC*.</p><p>• Proposal criteria, management, and approval process.</p><p>• project must be on mainnet; or</p><p>• project must have users, including beta users; or</p><p>• project must meet minimum development criteria if it doesn’t fall under the two criteria above.</p><p>• Maximum allocation based on the number of required FTE or operational costs;</p><p>• Support fund to be paid out in Algos in monthly installments for X months;</p><p>• Other … (from community feedback)</p><p>If this pilot program is successful and the market conditions remain unchanged, we may repeat this measure to allocate further funding.</p><p><b>Note: </b>That the Relief Pool is approved 2.5MM will be deducted from the both general governance and DeFi rewards pool prorated. For example, if measure one pass and we will have pools of 40MM Algos for general rewards and 20MM Algos DeFi rewards in Q2, then ⅔ and ⅓ of 2.5MM Algos would be deducted from each pool respectively.</p><hr /><p><br /></p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-9619528517716638682023-02-19T10:50:00.001+02:002023-02-19T10:50:25.443+02:00VIDEO: Algorand Sponsored SailGP Boat DESTROYED By Heavy Winds<p style="text-align: left;"> </p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH8SngI9csSTRfbl8wIhAjjW8tyAqEOXJNjrXvJ8NCCkKoWsycM8pVx8Ci3VFIHTZdkhG5lZ19LK5nzctF71mvlboktVZHW-RVKl4D-yxr6sIk0wGHKD5FGIhoD9W05uv1eh1JTdiiyqNtGxTEGi4bZP0GRfIt9InW644vGYdD30pXE6rI6N4mLo3R/s1299/Algorand%20Boat%20Destroyed.png" style="margin-left: auto; margin-right: auto;"><img alt="Algorand Boat Destroyed" border="0" data-original-height="810" data-original-width="1299" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH8SngI9csSTRfbl8wIhAjjW8tyAqEOXJNjrXvJ8NCCkKoWsycM8pVx8Ci3VFIHTZdkhG5lZ19LK5nzctF71mvlboktVZHW-RVKl4D-yxr6sIk0wGHKD5FGIhoD9W05uv1eh1JTdiiyqNtGxTEGi4bZP0GRfIt9InW644vGYdD30pXE6rI6N4mLo3R/w640-h400/Algorand%20Boat%20Destroyed.png" title="Algorand Boat Destroyed" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><p></p><h1>Algorand Sponsored SailGP Boat DESTROYED By Heavy Winds</h1><p></p><p><b>Sydney are currently</b> in the process of cleaning up after a summer storm caused significant damage, including toppling trees and causing power outages for nearly 100,000 homes and businesses. </p><p><b>The storm also resulted</b> in the cancellation of an international sailing event known as the SailGP race. The race was taking place on Sydney Harbour, but was forced to cancel its second day of racing due to the effects of the storm. </p><h2 style="text-align: left;">Extensive Damage To Algorand Sponsored Boat</h2><p><b>The event suffered extensive damage</b>, including one of the boats being severely impacted and the staging area being affected. </p><p><b>The same team</b> and boat, which was partially sponsored by Algorand. It was in April of 2022 that the <a href="https://sailgp.com/news/22/canada-announces-partnership-algorand/" target="_blank"><b>Canada SailGP team</b></a> announced a 3 year long partnership with Algorand. It's unclear how this will unfold now that the boat is damaged.</p><h2 style="text-align: left;">Video From Bystander</h2><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/BYKaNnVoiBg?start=13" title="YouTube video player" width="560"></iframe><p><b>Videos taken by spectators</b> at the event showed the wind picking up the wing sail of Canada's SailGP boat and causing it to become a destructive force. This was reported by 7NEWS Australia.</p><p><b>As the boat was being lifted</b> out of the water at the end of the first day of racing, the strong winds caused it to collide with the marquee behind it, resulting in chaos for both spectators and workers. </p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-1263150475120599072023-02-15T20:54:00.010+02:002023-02-15T21:05:03.262+02:00Rand Gallery Acquires Popular Algorand Website NFTExplorer, Saves It From Going Offline<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnqUluKKrHOs8J2SHBP9Vk8VITTQCnuUU7T1MFQ5omqnVT59rgrxsqhtG-ZbEhtMmfNMJ25QctNd1XjeTtfFAcRnoPxArdU_KLcrNG1KZwt_iA0JQIB2dcs_GBX6c8b7Y1ev9CjMmyMWIeThrJlaOq5kkuZ4J_7AzFzffUy4CeGkQzzB27FwePyaWF/s1804/Rand%20Acquires%20NFTExplorer.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1219" data-original-width="1804" height="432" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnqUluKKrHOs8J2SHBP9Vk8VITTQCnuUU7T1MFQ5omqnVT59rgrxsqhtG-ZbEhtMmfNMJ25QctNd1XjeTtfFAcRnoPxArdU_KLcrNG1KZwt_iA0JQIB2dcs_GBX6c8b7Y1ev9CjMmyMWIeThrJlaOq5kkuZ4J_7AzFzffUy4CeGkQzzB27FwePyaWF/w640-h432/Rand%20Acquires%20NFTExplorer.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Rand Gallery Acquires Popular Algorand Website NFTExplorer</h1><p><b>Rand</b>, most famous for their Algorand NFT marketplace, <b><a href="https://www.randgallery.com/algo-collection/" target="_blank">Rand Gallery</a></b>, has acquired the website <b><a href="https://www.nftexplorer.app/" target="_blank">NFT Explorer</a>, </b>a leading NFT marketplace and aggregator. </p><p><b>With this move</b>, Rand will deepen its relationship with the ecosystem while leveraging Algorands environmentally sustainable image to create a purposeful NFT experience for socially-conscious web2 brands to connect with their audience. </p><p></p><div style="text-align: center;"><b style="color: #ffa400;">Recommended Read:</b></div><div style="text-align: center;"><a href="https://www.algodaddy.org/2023/01/pera-algorand-governance-nfts-what-are.html"><b>Pera Algorand Governance NFT's: What Are They Worth?</b></a></div><p></p><p><b>The acquisition</b> will allow Rand to take ownership of the entire NFT vertical tech stack - from minting to data aggregation, adding new transactional features and integrating new marketplaces, such as EXA, to its offering. This has been laid out in a <b><a href="https://medium.com/randgallery/exciting-news-rand-gallery-has-acquired-nft-explorer-22b526c0dffa" target="_blank">medium post</a></b> by Rand.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">GM <a href="https://twitter.com/hashtag/algofam?src=hash&ref_src=twsrc%5Etfw">#algofam</a>, we have something exciting to share with you! 🥁<br /><br />We have acquired <a href="https://twitter.com/nftexplorerapp?ref_src=twsrc%5Etfw">@nftexplorerapp</a>! 🥳<br /><br />TY <a href="https://twitter.com/TommasoAE?ref_src=twsrc%5Etfw">@TommasoAE</a> and <a href="https://twitter.com/JoshLmao?ref_src=twsrc%5Etfw">@JoshLmao</a> for all you have done for <a href="https://twitter.com/hashtag/Algorand?src=hash&ref_src=twsrc%5Etfw">#Algorand</a>! 🫡<br /><br />Read our Medium post to learn more! <a href="https://t.co/IVsoNSQZWv">https://t.co/IVsoNSQZWv</a><a href="https://twitter.com/hashtag/AlgoNews?src=hash&ref_src=twsrc%5Etfw">#AlgoNews</a> <a href="https://twitter.com/hashtag/Acquisition?src=hash&ref_src=twsrc%5Etfw">#Acquisition</a> <a href="https://twitter.com/hashtag/Algorand?src=hash&ref_src=twsrc%5Etfw">#Algorand</a> <a href="https://t.co/MeG4BHHXKo">pic.twitter.com/MeG4BHHXKo</a></p>— Rand Gallery (@RandGallery) <a href="https://twitter.com/RandGallery/status/1625903884416823314?ref_src=twsrc%5Etfw">February 15, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">Saved From Going Offline</h2><div><b>The platform founders</b> had previously announced that the tool and its API would be shut down on January 31st 2023. </div><div><br /></div><div><b>The primary reason </b>was that the website had grown to such a scale that the two founders couldn't keep up with work that was necessary to maintain and develop it's functionality. In addition, the costs of running the website had grown substantially, not allowing </div><div><br /></div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">announcement.<a href="https://t.co/RXEGBv4TEv">https://t.co/RXEGBv4TEv</a> <a href="https://t.co/jtkFsRHx8j">pic.twitter.com/jtkFsRHx8j</a></p>— NFT Explorer (@nftexplorerapp) <a href="https://twitter.com/nftexplorerapp/status/1573703809364156417?ref_src=twsrc%5Etfw">September 24, 2022</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><div><br /></div><div><b>Those who have used the NFT Explorer</b> knows what a resourceful and practical tool it was for anyone looking browsing non-fungible tokens, collecting all the NFT listings in one place. </div><div><br /></div><div><b>As such</b>, there is a sigh of relief amongst the Algorand NFT community now that Rand Gallery has pledged to keep the site running. </div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-56240250158236152292023-02-15T20:25:00.003+02:002023-02-15T20:27:07.453+02:00Music streaming service Napster has acquired NFT marketplace Mint Songs<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUkzhoRWDDMTORwjTKu60kYLxjPuvlXCDv743n82PxGEgsyaH_k7me7jSgM0tPj5V5NWQf0IZMIDpRhiZZp_u5sCDiEhhXi__z1XMRRnBAeReRR1lVZYVsECjO-YvNwEh-z6R8jihDaobQE9CYtF1xVsj4sv3ir8akV6VLX6gYU4CYUSrbaooqNsrB/s1200/Napster%20Algorand.jpeg" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="627" data-original-width="1200" height="334" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUkzhoRWDDMTORwjTKu60kYLxjPuvlXCDv743n82PxGEgsyaH_k7me7jSgM0tPj5V5NWQf0IZMIDpRhiZZp_u5sCDiEhhXi__z1XMRRnBAeReRR1lVZYVsECjO-YvNwEh-z6R8jihDaobQE9CYtF1xVsj4sv3ir8akV6VLX6gYU4CYUSrbaooqNsrB/w640-h334/Napster%20Algorand.jpeg" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Music streaming service Napster has acquired NFT marketplace Mint Songs</h1><p><b>The music streaming service Napster </b>has acquired NFT marketplace Mint Songs, the first in a series of planned purchases to strengthen the firms position in the Web3 sector, this is reported by digital assets news site <a href="https://www.theblock.co/post/211658/napster-buys-web3-music-startup-mint-songs" target="_blank"><b>The Block</b></a>.</p><p><b>The exact terms</b> of the acquisition were not disclosed, but Mint Songs co-founder Garrett Hughes will join Napster as an advisor and Nate Pham, former head of product for Mint Songs, is set to lead the acquiring companys Web3 product initiatives. </p><p><b>Napster's CEO</b>, Jon Vlassopulos, said that the firm aimed to offer collectibles that fans can purchase or receive as rewards for engaging with artists, and had plans to expand Web3 and community features through further partnerships and acquisitions.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Congrats to <a href="https://twitter.com/napster?ref_src=twsrc%5Etfw">@napster</a> for completing its first <a href="https://twitter.com/hashtag/web3?src=hash&ref_src=twsrc%5Etfw">#web3</a> strategic acquisition of <a href="https://twitter.com/mintsongs?ref_src=twsrc%5Etfw">@mintsongs</a>, which paves way for the music superbrand to offer artist collectibles on its platform! Full details from <a href="https://twitter.com/Forbes?ref_src=twsrc%5Etfw">@Forbes</a> below. <a href="https://t.co/zlMKyGRy3k">https://t.co/zlMKyGRy3k</a></p>— Hivemind (@HivemindCap) <a href="https://twitter.com/HivemindCap/status/1625903520279932928?ref_src=twsrc%5Etfw">February 15, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">Napster, Owned By Algorand and Hivemind</h2><p><b>This recent acquisition</b> comes after Algorand, together with the crypto investment firm Hivemind, bought Napster last year to once again revolutionize the music industry by bringing blockchain and Web3 to artists and fans.</p><p><b>Napster launched it own token</b> on Algorand at the time of being acquired, known as $NAPSTER. According to Napsters litepaper, the token will be used as a payment method for purchasing music subscriptions and enabling premium features of the company’s streaming service.</p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-26310169589352147772023-02-14T17:27:00.004+02:002023-02-14T18:08:03.782+02:00Algorand Foundation CEO Staci Warden Appears on Yahoo Finance Live<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiL9RpB1mHvs9hBS-JWvNL9iEfN_QbWIp0IvgtQ8WSPBtGNzNIBZp8GzTCYJTfOCAmNBXBDVEGRV2BzRVczD95TgiujNEZg_e7EnKsymO70EBj6aB-KZ7Rooj2d35_azLIX4fS0BIwp473_3DB0bMPSevfaE6PZyqSQIAe8RPvW1ywp0rP59Tim4uDO/s2547/Algorand%20Foundation%20CEO%20Staci%20Warden%20Yahoo%20Finance.png" style="margin-left: auto; margin-right: auto;"><img alt="Algorand Foundation Staci Warden Yahoo Finance Live" border="0" data-original-height="1408" data-original-width="2547" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiL9RpB1mHvs9hBS-JWvNL9iEfN_QbWIp0IvgtQ8WSPBtGNzNIBZp8GzTCYJTfOCAmNBXBDVEGRV2BzRVczD95TgiujNEZg_e7EnKsymO70EBj6aB-KZ7Rooj2d35_azLIX4fS0BIwp473_3DB0bMPSevfaE6PZyqSQIAe8RPvW1ywp0rP59Tim4uDO/w640-h354/Algorand%20Foundation%20CEO%20Staci%20Warden%20Yahoo%20Finance.png" title="Algorand Foundation Staci Warden Yahoo Finance Live" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Algorand Foundation CEO Staci Warden Appeared on Yahoo Finance Live</h1><div><b>Yesterday </b>on February the 13th the Algorand Foundation CEO, Staci Warden, was interview by Rachelle Akuffo on <a href="https://finance.yahoo.com/video/blockchain-plays-future-money-payments-171511474.html" target="_blank">Yahoo Finance Live</a>. </div><div><br /></div><div><b>Warden appeared</b> on the live show, explaining Algorand's pure proof-of-stake approach and how their blockchain enables applications to be built on top of them. </div><h2 style="text-align: left;">Efficient With Low Carbon Footprint </h2><div><b>The Algorand Foundation CEO</b> explained to the Yahoo journalist how Algorand, as a blockchain, is very efficient with a low carbon footprint, using a small amount of energy and buying carbon offsets to ensure carbon negativity.</div><div><br /></div><div><b>She also discussed the benefits of the <a href="https://www.algodaddy.org/2021/12/the-algorand-blockchain-explained.html">Algorand blockchain</a></b>, including fast and cheap transactions, decentralized ledgers, and potential uses for identity, tracing goods, democratic governance systems, and tokenization of real-world assets. </div><h2 style="text-align: left;">AI Could Improve Protocols</h2><div><b>Lastly,</b> the discussion touched on the relationship between blockchain and AI, with Warden suggesting that AI could optimize protocols and improve user experiences for blockchain applications.</div><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-85473094403794222952023-02-13T10:45:00.000+02:002023-02-13T10:45:38.148+02:00Crypto Exchange Kraken Has Decided to Halt its Staking Operations, Pays $30 Million Fine<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFFRdSs1qgYe8zXem31uVKpc5bE4yTb5IpYENC2CnhGkGIo9CA3njqVH8gQUTZFXoKF7pJjLgfc62FiaAjAdXqgO4C1Y99kDYpNCZ0ykGdMXRJnMW2bfW5a19Ab3ZqEQRMfMd4YGE54_xOzX2tvIJUrSZXyYHKFwgsffNcpa8oL7ONL0xOBYG-tVah/s1889/Kraken%20SEC%20Fine.webp" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1203" data-original-width="1889" height="408" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFFRdSs1qgYe8zXem31uVKpc5bE4yTb5IpYENC2CnhGkGIo9CA3njqVH8gQUTZFXoKF7pJjLgfc62FiaAjAdXqgO4C1Y99kDYpNCZ0ykGdMXRJnMW2bfW5a19Ab3ZqEQRMfMd4YGE54_xOzX2tvIJUrSZXyYHKFwgsffNcpa8oL7ONL0xOBYG-tVah/w640-h408/Kraken%20SEC%20Fine.webp" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Crypto Exchange Kraken Has Decided to Halt its Staking Operations Due to SEC Charges</h1><p><b>The famous cryptocurrency exchange Kraken</b> has decided to halt its cryptocurrency staking operations in order to resolve charges with the United States Securities and Exchange Commission (SEC). This was reported by the crypto news site <b><a href="https://www.coindesk.com/policy/2023/02/09/kraken-agreed-to-shutter-crypto-staking-operations-to-settle-sec-charges-source/" target="_blank">CoinDesk</a> </b>on Thursday evening.</p><p><b>The SEC has confirmed</b> that Kraken will discontinue its staking services for customers based in the US and that it will pay a <b>$30 million penalty </b>as part of a speedy settlement with the SEC.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/cryptonews?src=hash&ref_src=twsrc%5Etfw">#cryptonews</a>: <a href="https://twitter.com/hashtag/Kraken?src=hash&ref_src=twsrc%5Etfw">#Kraken</a> has reached a speedy settlement with the U.S. Securities and Exchange Commission — and will pay a $30 million penalty.🧐<a href="https://t.co/ktaTVJ6BD5">https://t.co/ktaTVJ6BD5</a></p>— CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1625049639077482497?ref_src=twsrc%5Etfw">February 13, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">No Longer Providing Any Staking, Including For Algorand</h2><p><b>Kraken provided several services</b> under its staking operations, including a crypto-lending product that promised a yield of up to 24% and customers would receive staking rewards twice per week. </p><p><b>The ability to stake is now set to disappear</b> for US-based users. Kraken has provided <b><a href="https://www.algodaddy.org/2021/11/algorand-staking-governance.html">Algorand staking</a></b> oppertunities in the past, recently offering 1-4% APY through their platform. </p><h2 style="text-align: left;">Gensler Claims Staking Resembles Lending</h2><p><b>According to SEC chairperson</b>, Gary Gensler, staking resembles lending and SEC has already taken action and settled charges with lending companies in the past, including the now-defunct <b><a href="https://www.sec.gov/news/press-release/2022-26" target="_blank">BlockFi</a></b>. </p><p><b>A settlement with Kraken</b> would support Gensler's efforts to regulate the cryptocurrency industry and provide a significant victory for the SEC. </p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-539484164143648602023-02-11T10:04:00.003+02:002023-02-11T10:04:58.358+02:00These are the 14 People in The Algorand Governance Advisory Committee<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgELJtjNE4xokU-Af96-pBVakXbfZWriPJHJQuuZFTy6Merx5I0p2a3jCovxSOSp5Oy-i05gcSvtZIuCFZnVqW-BLythbetl8EY7WdowJBALRoX5O3P-QRSlgJ8PHrm-Ews0xtxSCbnNogfwly8EJhOUfOF2uCbCYordn_ZyGk5SmvYTDvr0lK5wqh5/s4592/hansjorg-keller-p7av1ZhKGBQ-unsplash.jpg" style="margin-left: auto; margin-right: auto;"><img alt="Algorand Governance Advisory Committee" border="0" data-original-height="3448" data-original-width="4592" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgELJtjNE4xokU-Af96-pBVakXbfZWriPJHJQuuZFTy6Merx5I0p2a3jCovxSOSp5Oy-i05gcSvtZIuCFZnVqW-BLythbetl8EY7WdowJBALRoX5O3P-QRSlgJ8PHrm-Ews0xtxSCbnNogfwly8EJhOUfOF2uCbCYordn_ZyGk5SmvYTDvr0lK5wqh5/w640-h480/hansjorg-keller-p7av1ZhKGBQ-unsplash.jpg" title="Algorand Governance Advisory Committee" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #999999; font-size: x-small;"><i>Photo by <a href="https://unsplash.com/de/@kel_foto?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Hansjörg Keller</a> on <a href="https://unsplash.com/photos/p7av1ZhKGBQ?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a></i></span></td></tr></tbody></table><h1 style="text-align: left;">These Are The 14 People In The Algorand xGov Governance Advisory Council</h1><p><b>In December of 2022,</b> the Algorand Foundation announced the '<a href="https://www.algorand.foundation/news/improving-governance-flows-and-key-dates-for-governance-period-6" target="_blank"><b>Advisory Council</b></a>', consisting of several different committees, as a way for ALGO stakeholders to have a voice until the <a href="https://www.algorand.foundation/news/xgov-expert-governors-system" target="_blank"><b>xGov program</b></a> is fully developed. </p><p><b>The Governance Advisory Committee</b> are represented by 14 different individuals <span style="background-color: white; color: #201f21;">from the vertical committees, </span>each with experience and influence in their respective field.</p><p></p><div style="text-align: center;"><b style="color: #ffa400;"><span style="font-size: medium;">Recommended Read:</span></b></div><div style="text-align: center;"><a href="https://www.algodaddy.org/2021/11/algorand-staking-governance.html"></a><a href="https://www.algodaddy.org/2021/11/algorand-staking-governance.html"><b><span style="font-size: medium;">Algorand Staking & Governance</span></b></a></div><p></p><h2 style="text-align: left;">Familiar Names Among The Committee Members</h2><p><b>The 14 council members</b> are made up of <span style="background-color: white; color: #201f21; font-family: inherit;"> two DeFi representatives, two Web3, one Gaming, one Impact, as well as two investors, two developer houses, one bridge, one general-use dApps, and up to two at large members. Many names might be familiar to those who've spent some time in the Algorand community.</span></p><p><b>A twitter user</b> known as Governor Zen (<a href="https://twitter.com/averagezen" rel="nofollow" target="_blank"><b>@averagezen</b></a>) posted a list of all the member of the Advisory Council. To our knowledge there are no official sources covering the subject yet, however it seems likely that the member list below is correct.<br /><br /></p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">🧵1/ ICYMI <a href="https://twitter.com/hashtag/Algorand?src=hash&ref_src=twsrc%5Etfw">#Algorand</a> Governance Advisory Committee<br />G6 proposals expected early March<br />Current Representatives<br />Web3:<a href="https://twitter.com/agashnava?ref_src=twsrc%5Etfw">@agashnava</a> - <a href="https://twitter.com/RandGallery?ref_src=twsrc%5Etfw">@RandGallery</a> <a href="https://twitter.com/JohnMizzoni?ref_src=twsrc%5Etfw">@JohnMizzoni</a> - <a href="https://twitter.com/NFDomains?ref_src=twsrc%5Etfw">@NFDomains</a> <br />DeFi:<a href="https://twitter.com/BenedettoBio?ref_src=twsrc%5Etfw">@BenedettoBio</a> - <a href="https://twitter.com/FolksFinance?ref_src=twsrc%5Etfw">@FolksFinance</a> <br />John Clarke - <a href="https://twitter.com/algofiorg?ref_src=twsrc%5Etfw">@algofiorg</a> <a href="https://t.co/i68cN8QqNQ">https://t.co/i68cN8QqNQ</a></p>— Governor Zen.algo (@averagezen) <a href="https://twitter.com/averagezen/status/1623697804341268480?ref_src=twsrc%5Etfw">February 9, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><p><br /></p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;"><b style="color: black; letter-spacing: normal;">The committee will bring together</b><span style="color: black; font-weight: 400; letter-spacing: normal;"> stakeholders to discuss governance proposals before the are posted for the community to review. According to this </span><b style="color: black; letter-spacing: normal;"><a href="https://forum.algorand.org/t/governance-update-gp6-key-dates-gov-advisory-committee-website-review/8667" rel="nofollow" target="_blank">Algorand forum post</a></b><span style="color: black; font-weight: 400; letter-spacing: normal;">, the community reviews are planned to take place during the next-coming two weeks, ahead of the votes opening during weeks 10.</span></b></span></p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-66185713094472894372023-02-10T09:48:00.001+02:002023-02-10T12:15:01.371+02:00VOTE: Name a Planetary System in This Algorand Space Game <table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxmLtoerzhFGbY35-5u0Njm9CmN84KEL-TDSWRCSTFKZqjx0QZRwP3iHkkKLtosdqCLxr40YdxgUv88lQJOy7ka12vgHurfZLm_hDj61JrcGG_yiaiQlvlVtdiJOcQdEx3OyWY3WpmogibXLGfr6gZKbYwQjnbRDLR83ffbGJne81m5gQXy-6ipXrQ/s3440/Trantorian%20Algorand.png" style="margin-left: auto; margin-right: auto;"><img alt="Trantorian Algorand" border="0" data-original-height="1440" data-original-width="3440" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxmLtoerzhFGbY35-5u0Njm9CmN84KEL-TDSWRCSTFKZqjx0QZRwP3iHkkKLtosdqCLxr40YdxgUv88lQJOy7ka12vgHurfZLm_hDj61JrcGG_yiaiQlvlVtdiJOcQdEx3OyWY3WpmogibXLGfr6gZKbYwQjnbRDLR83ffbGJne81m5gQXy-6ipXrQ/w640-h268/Trantorian%20Algorand.png" title="Trantorian Algorand" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Name a Planetary System in This Algorand Space Game </h1><p><b>The space-themed MMO game Trantorian</b>, which is built on the <b><a href="https://www.algodaddy.org/2021/12/the-algorand-blockchain-explained.html">Algorand blockchain</a></b>, has announced the 10 finalists in their competition where users could name 5 of the planetary systems that will be available in the game upon launch. </p><p><b>The competition</b> was originally launched on 30th of January and twitter users could submit whatever name they thought would be suitable. </p><p><b>With the finalists</b> having been declared, the public can now vote on their favorite name suggestions. The vote is set to end on 11th of February at 6 PM EST, so don't miss it out. Each winner will be awarded 100 $ALGO.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">The 10 finalists of the <a href="https://twitter.com/hashtag/PlanetarySystem?src=hash&ref_src=twsrc%5Etfw">#PlanetarySystem</a> contest are finally here<br /><br />Now the community will choose the 5 winners.<br />Cast your vote by commenting your fav below<br /><br />▶️Orpheus - I<br />▶️S’gnosa Prime<br />▶️Solmor<br />▶️Boreasylum<br />▶️Damtegh<br />▶️Azzerq<br />▶️Xalenia<br />▶️Kresuvia<br />▶️Dontrellis<br />▶️Siroccus<br /><br />1/2 🧵 <a href="https://t.co/ee1Gs1aLpu">pic.twitter.com/ee1Gs1aLpu</a></p>— Trantorian (@TrantorianVerse) <a href="https://twitter.com/TrantorianVerse/status/1623372510845669406?ref_src=twsrc%5Etfw">February 8, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">Massive Multiplayer Online Game Set in Space</h2><p><b><a href="https://trantorian.com/home" target="_blank">Trantorian</a> is a space-themed MMO</b> and grand strategy video game that plays out within real-time in a persistent universe. </p><p><b>Specifically</b>, it's a 3D space exploration, battle, economic, civilization development NFT based game, that is taking place in a persistent and growing metaverse.</p><p><b>According to its developers</b>, Trantorian is not a click-to-earn game. Instead, they're focusing on creating a 'true game' with a thrilling story, role-based combat and custom content, which includes NFT-based assets. </p><p>See the game trailer below. </p><p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/odkkxkkmZn0" title="YouTube video player" width="560"></iframe></p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-12725204195232924392023-02-08T11:38:00.000+02:002023-02-08T11:38:59.492+02:00The Algorand DeFi Service Vestige Launches V3 of Swap Function<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOAFsTP8mAp4O9oj-3NgZni_Q-imNvkR7ZavIUZF6eLeotVz6Wac7jXwFhcGGdUEkU-j16OxPhAn1eRmhFnzXGZaEeloXDOVJsHRribgPv7qeNXPHdWzJEGBDMLDNfwfdlOihPLLRSVBNF97M1QVbKFId8lGwX9BGrB-CJLxsXZ3YCtPBHzr-3hBnT/s1200/vestige%20algorand.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="600" data-original-width="1200" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOAFsTP8mAp4O9oj-3NgZni_Q-imNvkR7ZavIUZF6eLeotVz6Wac7jXwFhcGGdUEkU-j16OxPhAn1eRmhFnzXGZaEeloXDOVJsHRribgPv7qeNXPHdWzJEGBDMLDNfwfdlOihPLLRSVBNF97M1QVbKFId8lGwX9BGrB-CJLxsXZ3YCtPBHzr-3hBnT/w640-h320/vestige%20algorand.jpg" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">The Algorand DeFi Service Vestige Launches V3 of Swap Function</h1><div><b>On the 2nd of February</b>, the Algorand DeFi service <a href="https://vestige.fi/" target="_blank"><b>Vestige</b></a> announced that the version 3 of their swap function is up and running on the mainnet. </div><div><br /></div><div><b>Vestige claim to have optimized</b> performance for the best possible swapping rates, allowing multi-hop combo swaps with seamless one-sign-one-swap UX, which is another of saying that you can perform several swaps with one signature.</div><div><br /></div><div><b>The new V3 version</b> supports <b><a href="https://www.algodaddy.org/2021/12/tinyman-explained.html">Tinyman V2.0</a></b>, as well as bringing with it an update to the UI.</div><div><br /></div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Swap V3 is now available for trades. Enjoy optimized performance for the best rates with just 1️⃣ signature. <br /><br />🔥🤖 Defeat arbitrage bots with <a href="https://t.co/WWTeuTbCgz">https://t.co/WWTeuTbCgz</a> <a href="https://t.co/E0odqtaaP3">pic.twitter.com/E0odqtaaP3</a></p>— Vestige (@vestigefi) <a href="https://twitter.com/vestigefi/status/1621207068525854722?ref_src=twsrc%5Etfw">February 2, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><div><br /></div><div><b>Vestige is one</b> <b>of the most popular</b> DeFi explorers for the Algorand blockchain. On their website you can monitor your portfolio value, find new <b><a href="https://www.algodaddy.org/2021/09/asa-algorand-standard-assets.html">ASA</a></b>'s, execute trades, as well as viewing price charts in live time.</div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-13654533746517044492023-02-07T17:52:00.005+02:002023-02-08T11:39:16.050+02:00Algorand Foundation Decides on India Partnership, CEO Meets Up With Hillary Clinton In Ahmedabad<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjc_Aw8sjtHc5airK17AmA2hfEZ2axvDiDrXOcl6JDebFPWtO0k0Ci86JWR8CIb_183w1cndPOrRoR2HiIkUGBw0FG6IqFvZWZIEZKwWsGE5ANvo1ilWR-p8LkEe_k9KyqGuzGfUKdUAL05yoR17T9i6OJ5fwKKI4ADH6sMN-cRYqLhpx66JM2FPFOY/s2167/Algorand%20India%20Clinton.webp" style="margin-left: auto; margin-right: auto;"><img alt="Algorand India" border="0" data-original-height="1500" data-original-width="2167" height="444" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjc_Aw8sjtHc5airK17AmA2hfEZ2axvDiDrXOcl6JDebFPWtO0k0Ci86JWR8CIb_183w1cndPOrRoR2HiIkUGBw0FG6IqFvZWZIEZKwWsGE5ANvo1ilWR-p8LkEe_k9KyqGuzGfUKdUAL05yoR17T9i6OJ5fwKKI4ADH6sMN-cRYqLhpx66JM2FPFOY/w640-h444/Algorand%20India%20Clinton.webp" title="Algorand India" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="text-align: start; white-space: pre;"><span style="color: #666666; font-family: inherit; font-size: x-small;"><i>Photo by Darshak Pandya</i></span></span></td></tr></tbody></table><h1 style="text-align: left;">Algorand Foundation Decides on India Partnership, CEO Meets Up With Hillary Clinton In Ahmedabad</h1><p><b>Algorand Foundation has announced</b> that they're partnering up with <a href="https://t-hub.co/" target="_blank"><b>T-Hub</b></a>, India's premier innovation hub which has several hundred partners, including famous companies like Microsoft, Intel, Boeing and Meta. This was originally reported in a <a href="https://www.prnewswire.com/in/news-releases/algorand-foundation-announces-broad-reaching-partnerships-in-india-to-grow-web3-301740349.html" target="_blank"><b>press release</b></a> on Tuesday, 7th of February.</p><p><b>Algorand is the first layer-1 blockchain</b> to aggressively expand into the Indian market, as the South-Asian country is set to surpass China as the world's most populous country this year. </p><p><b>Staci Warden</b>, the CEO of Algorand Foundation, commented on the matter: "We're deeply committed to ensuring blockchain lives up to its potential in creating a more inclusive economy in India and across the globe". <br /><br /></p><p style="text-align: center;"><b><span style="font-size: medium;"><span style="color: #ffa400;">Recommended Read:</span><br /></span></b><a href="https://www.algodaddy.org/2023/02/potentially-explosive-algorand-tokens-2023.html"><b><span style="font-size: medium;">3 Potentially Explosive Algorand Tokens to Buy in 2023</span></b></a><br /><br /></p><h2 style="text-align: left;">Algorand Partners Up with The Clinton Foundation</h2><div><b>Moreover</b>, the Algorand Foundation has decided to act as a technology partner for a new $50 million Global Climate Resilience Fund, which was launched by the Clinton Foundation and its Clinton Global Initiative. The fund is geared towards helping women micro-entrepreneurs address climate change. </div><div><br /></div><div><b>SEWA acts as the foundation partner</b> for this operation, and it's the largest trade union in India with over 2.1 million female workers.</div><div><br /></div><div><b>While celebrating the news</b>, Staci Warden met up with former U.S. Secretary of State, Hillary Clinton, together with The Clinton Foundation in Ahmedabad.</div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Great day for us in 🇮🇳. Kicked off the week with the <a href="https://twitter.com/hashtag/ClintonFoundation?src=hash&ref_src=twsrc%5Etfw">#ClintonFoundation</a> and launch of the Global Climate Resilience Fund in Ahmedabad. <a href="https://twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw">#Blockchain</a> to help women affected by climate change, impact <a href="https://twitter.com/Algorand?ref_src=twsrc%5Etfw">@Algorand</a>, and leadership by <a href="https://twitter.com/StaciW_DC?ref_src=twsrc%5Etfw">@StaciW_DC</a>. Trifecta!<a href="https://t.co/cMMEYZ9IGW">https://t.co/cMMEYZ9IGW</a> <a href="https://t.co/ZRcyusiJqJ">pic.twitter.com/ZRcyusiJqJ</a></p>— AlgoBharat (@Algo_Bharat) <a href="https://twitter.com/Algo_Bharat/status/1622961239067623425?ref_src=twsrc%5Etfw">February 7, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">ALGO Surges On The News</h2><p><b>The price of Algorand</b> <b>surged</b> over 7% in response to the news, trading at $0.277 USD per ALGO on Tuesday evening. With that, Algorand has again reached a total market cap of $2 Billion USD.</p><p><b>Algorand</b> has increased <a href="https://www.algodaddy.org/2023/01/algorands-price-up-50-from-bottom.html" target="_blank"><b>more than 50%</b></a> during the recent bull market, compared to the bottom that it reached in December of 2022. </p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-73892285876358911312023-02-07T14:10:00.000+02:002023-02-07T14:10:21.161+02:00Quantum Temple Wins the World Tourism Organization Global Startup Competition<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0mV9nyQsTOiR_ooVEH_twDUggqyGSCDOGK5A2lf8IsG7TcDjKklTEtSRGhnfF9QlocrevtbtbW7EIIkKLYqsU9IJ5UsmbqbTrs0uymtXTY-QJRcxQs_jrOpCfE1MDXWdo8Ft3sqR9a8exgmRkUxGviYM8MZUZPMNoPXTeNGuQPWIK4CGbSC9VUEEX/s1200/Quantum%20Temple%20Algorand.jpg" style="margin-left: auto; margin-right: auto;"><img alt="Quantum Temple" border="0" data-original-height="627" data-original-width="1200" height="334" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0mV9nyQsTOiR_ooVEH_twDUggqyGSCDOGK5A2lf8IsG7TcDjKklTEtSRGhnfF9QlocrevtbtbW7EIIkKLYqsU9IJ5UsmbqbTrs0uymtXTY-QJRcxQs_jrOpCfE1MDXWdo8Ft3sqR9a8exgmRkUxGviYM8MZUZPMNoPXTeNGuQPWIK4CGbSC9VUEEX/w640-h334/Quantum%20Temple%20Algorand.jpg" title="Quantum Temple" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Quantum Temple Wins the World Tourism Organization Global Startup Competition</h1><p><b>The World Tourism Organization</b> (UNTWO), a UN special agency, has <a href="https://www.unwto.org/news/unwto-announces-winning-start-ups-for-awake-tourism-challenge" target="_blank"><b>announced the winners</b></a> of their "Awake Tourism Challenge". The competition is meant to celebrate start-ups that are reshaping the tourism sector in every global region and has been on-going since April of 2022.</p><p><b>Last Tuesday</b> the announced that<b> </b>winner for the USA region<b> </b>would be the project known as <b>Quantum Temple</b>, a Web3 platform preserving culture heritage that partially runs on<b> <a href="https://www.algodaddy.org/2021/12/the-algorand-blockchain-explained.html">Algorand</a></b>.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">BIG NEWS! 🎉 We are thrilled to announce that <a href="https://twitter.com/quantum_temple?ref_src=twsrc%5Etfw">@quantum_temple</a> just won the <a href="https://twitter.com/UNWTO?ref_src=twsrc%5Etfw">@UNWTO</a> Global Startup Competition as the most innovative startup in the category of local community involvement in the tourism sector! 💥<a href="https://twitter.com/hashtag/Blockchain?src=hash&ref_src=twsrc%5Etfw">#Blockchain</a> <a href="https://twitter.com/hashtag/Refi?src=hash&ref_src=twsrc%5Etfw">#Refi</a> <a href="https://twitter.com/hashtag/culturalheritage?src=hash&ref_src=twsrc%5Etfw">#culturalheritage</a> <a href="https://twitter.com/hashtag/tourism?src=hash&ref_src=twsrc%5Etfw">#tourism</a> <a href="https://t.co/qzA4CC4e18">https://t.co/qzA4CC4e18</a></p>— Q U A N T U M T E M P L E (@quantum_temple) <a href="https://twitter.com/quantum_temple/status/1620820973611266048?ref_src=twsrc%5Etfw">February 1, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">What is Quantum Temple?</h2><p><b>Quantum Temple encodes knowledge and traditions</b> on the Ethereum and Algorand blockchains, as such their able to keep accessible, immutable and decentralized records of cultural heritage. </p><p><b>In order to achieve proper historical</b> <b>records</b>, Quantum Temple collaborates with curatorial anthropologists and filmmakers on the ground to enable cultural keepers to record their knowledge and traditions in stunning cinematic reportage and 3 capturing on-chain. </p><p><b>They have partnered up</b> with ancestral communities and local government institutions, as well as modern society structures, in order to co-create NFT collections to represent cultural heritage.</p><h2 style="text-align: left;">Proceeds Go To Cultural Keepers</h2><div><b>Quantum Temple explains</b> on their website, that every time one of their NFT's are traded, 40-50% of the proceeds are transferred to a wallet dedicated to providing cultural keepers with income.</div><div><br /></div><div><b>By doing so they're financing the preservation</b> the cultural heritage and can contribute to a sustainable cultural ecosystem. </div><div><br /></div><div><b>The speed, efficiency and low-cost</b> of the Algorand blockchain contributes to helping Quantum Temple achieve their plan. In addition, Algorand is an environmentally friendly and carbon-negative blockchain, thus having minimal impact on culturally (and often environmentally vulnerable) communities. </div><div><br /></div><div>You can find all the results from the <b><a href="https://www.unwto.org/unwto-awake-tourism-challenge" target="_blank">UNTWO competition here</a></b>. </div><div><br /></div><div>Visit <b><a href="https://quantumtemple.xyz/" target="_blank">Quantum Temple's website</a></b>.</div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-11200200471801374212023-02-04T22:32:00.001+02:002023-02-04T22:32:22.851+02:00The Algorand Token OPUL Price Surges Over 400%<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlpe6Su_raGFSjtbG42omdYTFCoYDeKE1-xEW9BiRziVclHB6pqE7MbFR1wH-FprSAaTsbA-46eVyAsoK-DngIy2Ffus6G3YytBhfVsHkfwuLxjP6yr_7rmyVcmAHN1q6CfmUqNQWzSiO0kHbPfkT5kigQ6v4HyFyqAdCBytaGHvqJ5LEMcBpG3Cqs/s1558/OPUL%20price.png" style="margin-left: auto; margin-right: auto;"><img alt="OPUL Price" border="0" data-original-height="1149" data-original-width="1558" height="472" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlpe6Su_raGFSjtbG42omdYTFCoYDeKE1-xEW9BiRziVclHB6pqE7MbFR1wH-FprSAaTsbA-46eVyAsoK-DngIy2Ffus6G3YytBhfVsHkfwuLxjP6yr_7rmyVcmAHN1q6CfmUqNQWzSiO0kHbPfkT5kigQ6v4HyFyqAdCBytaGHvqJ5LEMcBpG3Cqs/w640-h472/OPUL%20price.png" title="OPUL Price" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><a href="https://vestige.fi/asset/287867876"><span style="font-family: inherit; font-size: x-small;"><i>OPUL/ALGO – Vestige</i></span></a></td></tr></tbody></table><h1 style="text-align: left;">The Algorand Token OPUL Price Surges Over 400%</h1><div><b>The Algorand NFT music platform</b> known as <b><a href="https://www.algodaddy.org/2021/11/opulous-asa-deep-dive.html">Opulous</a></b> have seen their accompanying token OPUL price increase over 400% in only the last couple weeks. </div><div><br /></div><div><b>OPUL had been on an downward trend</b> since the last year, hovering at around 0.2 ALGO per OPUL for a longer time. This was until the middle of January, when the token started to quickly surge in value</div><div><br /></div><div><b>Yesterday</b>, on February the 4th, OPUL hit over 1.0 ALGO per OPUL, back on the same level as April of 2022. Currently OPUL is trading at around 0.9. </div><div><br /></div><div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">HUGE market buys coming in right now! 😳<a href="https://twitter.com/search?q=%24OPUL&src=ctag&ref_src=twsrc%5Etfw">$OPUL</a> is on what’s called a parabolic run! <br /><br />LFG <a href="https://twitter.com/opulousapp?ref_src=twsrc%5Etfw">@opulousapp</a> 🚀🚀🚀🚀🚀 <a href="https://t.co/6X5CZ5ZDaW">pic.twitter.com/6X5CZ5ZDaW</a></p>— MANDO CT (@XMaximist) <a href="https://twitter.com/XMaximist/status/1621878515204333568?ref_src=twsrc%5Etfw">February 4, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div><h2 style="text-align: left;">Recent News Caused a Spike</h2><div><p><b>Opulous is the only platform</b> to mint Music Fungible Tokens (MFTs). MFTs gives users the possibility to invest in music by offering a share in the revenue from an artists work, be it a single, EP, or album. Opulous changes both how musicians access funding, and how they connect with their fans.</p><p><b>The CEO of Opulpus,</b> Lee Parson, had reported that Opulous would unveil new artists on a weekly basis starting from February 1st. In addition, they would start offering early access to certain MFT drops through their staking pools ($OPUL ASA). <br /></p><p><b>Moreover, </b>on 31st of January, Opulous announced their <b><a href="https://www.algodaddy.org/2023/01/opulous-announces-new-cfo.html">new chief financial officer</a></b>, Nick Pelecanos. These news came as the company is aiming to hasten market growth in the year to come. </p><p><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><br /></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-35080138796645002572023-02-04T09:45:00.005+02:002023-02-04T11:34:15.237+02:00INATBA: Folks Finance Wins Award For The Most Exciting DeFi Project of 2023<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE5_R1Gp08piDFEHqLIOIJi4VZdy05pc1kBDs9faUwU7TfiAUyyaHgsObbF5H5aM7bqjvR9uKAjIJaClQ0h4-WOo8Lmq7UIjv-DXxaDFzEDWAtSfEnq6YJuQu6bXWE58qNHFniXlw_Jfjv-4yq3tiycOve_txnr2GO4dBwjBfpmpx9j4Wltc6ukuD3/s1535/INABTA%20Awards%20Gala.jpeg" style="margin-left: auto; margin-right: auto;"><img alt="INABTA Awards Gala 2023" border="0" data-original-height="945" data-original-width="1535" height="394" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE5_R1Gp08piDFEHqLIOIJi4VZdy05pc1kBDs9faUwU7TfiAUyyaHgsObbF5H5aM7bqjvR9uKAjIJaClQ0h4-WOo8Lmq7UIjv-DXxaDFzEDWAtSfEnq6YJuQu6bXWE58qNHFniXlw_Jfjv-4yq3tiycOve_txnr2GO4dBwjBfpmpx9j4Wltc6ukuD3/w640-h394/INABTA%20Awards%20Gala.jpeg" title="INABTA Awards Gala 2023" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Folks Finance Wins Award For The Most Exciting DeFi Project of 2023</h1><p><b>A couple weeks ago</b> the International Association for Trusted Blockchain Applications (INATBA) <a href="https://inatba.org/news/inatba-award-for-the-most-exciting-project-nominees/" target="_blank"><b>revealed the nominees</b></a> for their yearly "Award for the Most Exciting Project of 2023". Winners were to be chosen in five different categories - DeFi, ReFi, Social Innovation, Education and Corporate Innovation.</p><p><b>The final judgement day</b> came on 31th of January, when the INATBA awards gala took place in Brussels, Belgium. </p><p><b>During the event it </b>was announced that<b> </b>Italian-based<b> <a href="https://folks.finance/" target="_blank">Folks Finance</a></b>, built on Algorand, had managed to take home the INABTA award for most exciting DeFi project of the year.<br /><br /></p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">A day to remember 🏆<br /><br />🥇 <a href="https://twitter.com/FolksFinance?ref_src=twsrc%5Etfw">@FolksFinance</a> wins the Award of Most Exciting <a href="https://twitter.com/hashtag/DeFi?src=hash&ref_src=twsrc%5Etfw">#DeFi</a> Project of 2023 from the <a href="https://twitter.com/INATBA_org?ref_src=twsrc%5Etfw">@INATBA_org</a>.<br /><br />A huge shoutout to our amazing team and community, none of this would have been possible without you. 💙<br /><br />Thanks <a href="https://twitter.com/hashtag/Algofam?src=hash&ref_src=twsrc%5Etfw">#Algofam</a> <a href="https://twitter.com/Algorand?ref_src=twsrc%5Etfw">@Algorand</a>. <a href="https://t.co/b6ONscAnlw">https://t.co/b6ONscAnlw</a></p>— Folks Finance (@FolksFinance) <a href="https://twitter.com/FolksFinance/status/1621164220686700544?ref_src=twsrc%5Etfw">February 2, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;"><br />The Most Advanced DeFi Protocol on The Market </h2><p><b>Folks Finance</b> is a modern non-custodial DeFi protocol that is built on the Algorand blockchain, and it was first launched on the <a href="https://www.algodaddy.org/2021/12/the-algorand-blockchain-explained.html"><b>Algorand</b></a> Mainnet in April of 2022. Prior to going live, Folks Finance managed to raise a staggering <a href="https://www.prnewswire.com/news-releases/leading-capital-markets-protocol-folks-finance-closes-3-million-seed-funding-round-301464568.html" target="_blank"><b>$3 Million USD</b></a> through seed funding. </p><p><b>Recently they launched V2.0</b> of their platform, now offering high efficiency loans, collateral swaps, multi-borrow and flash loans, amongst other features.</p><p><b>The argument by INATBA</b> for nominating Folks Finance for the award follows:</p><p><i>"</i><span>Folks Finance is the most advanced DeFi lending protocol on the market. It has been built as an evolution of AAVE V3, a leader in the field. Nearly 200 markets are supported; unique features include efficiency loans, stable and variable borrow rates, multiple isolated loan positions, Algo Liquid Governance, flash loans, collateral swapping, and auto-leveraging.</span><i>"</i></p><h2 style="text-align: left;">Folks Finance Comments On The Victory</h2><div><b><a href="http://www.algodaddy.org">AlgoDaddy</a> reached out to Folks Finance </b>for a comment on these outstanding news. </div><div><br /></div><div><b>According to them</b>, what really set them apart from their competition was their strong community and highly-skilled team members - "<span style="white-space: pre-wrap;">Due to our powerful community, a team of real professionals and our strong vision that we bring forward into the world of finances, we keep growing and building no matter what the market conditions are." </span><span style="white-space: pre-wrap;">t</span><span style="white-space: pre-wrap;">he Folks Finance spokesperson told AlgoDaddy.</span></div><div><span style="white-space: pre-wrap;"><br /></span></div><div><span style="white-space: pre-wrap;"><b>We continued to implore</b> what the future now entails for Folks Finance moving forward - </span><span style="white-space: pre-wrap;">"We expand globally as we strive to shape the Folks Finance presence in local markets, given that, we opened an <b><a href="https://folksfinance.medium.com/folks-finance-ambassador-program-2af0b87e6e8">Ambassador program</a></b>." </span></div><div><span style="white-space: pre-wrap;"><br /></span></div><div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFRg3hfqRMjBzi1-pbKwmbHazSTf5OlQRVbmA0O6ttFZw91XBPbqlovzjclCaEBAXRlWTJd-8nk7out_5e391VzrWOIArZbc4PZC1VxIrNFGB3gxgN--TP_IHYvWSI4tiv5dgaLe5F-ViycJyhVB3NCDGfg5GVNexQaofbIlOB2dB-R8VXJGRSIKUU/s1400/Folks%20Finance%20Ambassador.webp" style="margin-left: auto; margin-right: auto;"><img alt="Folks Finance Ambassador Program" border="0" data-original-height="787" data-original-width="1400" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFRg3hfqRMjBzi1-pbKwmbHazSTf5OlQRVbmA0O6ttFZw91XBPbqlovzjclCaEBAXRlWTJd-8nk7out_5e391VzrWOIArZbc4PZC1VxIrNFGB3gxgN--TP_IHYvWSI4tiv5dgaLe5F-ViycJyhVB3NCDGfg5GVNexQaofbIlOB2dB-R8VXJGRSIKUU/w640-h360/Folks%20Finance%20Ambassador.webp" title="Folks Finance Ambassador Program" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #999999; font-size: x-small;"><i>Folks Finance Ambassador Program Was Recently Announced</i></span></td></tr></tbody></table><br /></div><div><span style="white-space: pre-wrap;"><b>Folks Finance went on to explain</b> how they want to help educate users with their new academy program, which is just about to launch in the near future. "By launching a Folks Academy in the next few weeks, we aim to educate people and make their onboarding process easier and smoother.</span></div><div><span style="white-space: pre-wrap;"><br /></span></div><div><span style="white-space: pre-wrap;"><b>Folks Finance also gave us a hint</b> at technical updates coming to the platform "We’re working on many highly-coveted features for asset and portfolio management.”</span></div><div><br /></div><div><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><br /></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-80887592645947534232023-02-03T11:25:00.005+02:002023-02-03T11:25:40.351+02:00ZTLment: The First European Blockchain Payment Institution, Built on Algorand<h1 style="text-align: left;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqcA1IqMkeAJWapVYm8-G6LhMx80_NUDbbcBPTLRz3vTlVGYjzulMhqN-JNTAeYwFvzHosg4a6yA2VC1uXkUE3J9huwYzSn-QyJjq9JjCCB0rb4N_u7pjB1RlKhSJUdSEqK2maT3CcvAQOZnjubF2MsBdPsdIGONqLwQ9AmzFfNi60slinzpd_Ayi_/s960/ZTLment%20Algorand.webp" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img alt="ZTLment Algorand Team" border="0" data-original-height="540" data-original-width="960" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqcA1IqMkeAJWapVYm8-G6LhMx80_NUDbbcBPTLRz3vTlVGYjzulMhqN-JNTAeYwFvzHosg4a6yA2VC1uXkUE3J9huwYzSn-QyJjq9JjCCB0rb4N_u7pjB1RlKhSJUdSEqK2maT3CcvAQOZnjubF2MsBdPsdIGONqLwQ9AmzFfNi60slinzpd_Ayi_/w640-h360/ZTLment%20Algorand.webp" title="ZTLment Algorand Team" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #999999; font-size: x-small;"><i>Image: ZTLment / PR</i></span></td></tr></tbody></table></h1><h1 style="text-align: left;">ZTLment: The First European Blockchain Payment Institution, Built on Algorand</h1><p><b>Last Friday</b> the Algorand Foundation released an Q&A article with Europe's first blockchain payment institution, ZTLment. </p><p><b>ZTLment</b> is a Danish smart contracts software company, which is October of 2022 became the first company in Europe to receive a license for operating payments on top of a blockchain, namely <b><a href="https://www.algodaddy.org/2021/12/the-algorand-blockchain-explained.html">Algorand</a></b>. </p><p><b>This means</b> that ZTLment is now allowed to perform peer-to-peer exchanges of the European currency Euro, funneled by blockchain transactions. </p><h2 style="text-align: left;">Frictionless Trade Across Borders</h2><p><b>The co-founder and CEO</b> of ZTLment, Mads Stolberg-Larsen, told the Algorand Foundation in an interview that their vision was to enable frictionless cross-border trade, while bridging the $1.7 trillion global trade finance gap. </p><p><b>He went on</b> to explain how ZTLment works - "Smart contracts software combines data from the cloud with transaction execution on the blockchain", and added "As soon as a contract is signed at the start of a business workflow, the software can trigger payments and financing based on any milestone in the workflow. Funds are then moved automatically seconds later." </p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">➡️To start off the new year in style, we’ve also been featured by <a href="https://twitter.com/Algorand?ref_src=twsrc%5Etfw">@Algorand</a> - our blockchain of choice - to talk about what we’re up to. Read more here: <a href="https://t.co/E2xLeUMK5N">https://t.co/E2xLeUMK5N</a></p>— Mads Stolberg-Larsen (@mads_stolberg) <a href="https://twitter.com/mads_stolberg/status/1618997102230794241?ref_src=twsrc%5Etfw">January 27, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">Reasons For Choosing Algorand</h2><p><b>According to Stolberg-Larsen</b>, Algorand has some technical aspects that are beneficial for regulated enterprise applications, such as ZTLment. The main point is that Algorand runs a permissionless and pure proof-of-stake consensus mechanism, due to which it's secure, fast and cheap. </p><p><b>He also points out</b> that Algorand's virtual machine (<b><a href="https://developer.algorand.org/docs/get-details/dapps/avm/teal/specification/" target="_blank">AVM</a></b>) is able to handle high transaction output, while only requiring a relatively low amount of computational power and energy consumption.</p><p>Read the <a href="https://medium.com/algorand/ztlment-europes-first-payments-institution-built-on-blockchain-b76ce2007b74" target="_blank"><b>full interview</b></a> from Algorand.</p><p><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><br /></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-31554912205334379122023-02-02T08:29:00.004+02:002023-02-02T12:25:06.856+02:00Algorand Price Surges After Minimal Rate Hike By Federal Reserve<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6bQw9rQ9l7kUg5kcRNAyTt1QEzqhh69kFk4AgyEmVxUNN4zd9jndOU61fupMH_f1X-PDeQErDxizJyShc3puU3lw8gSBrJ0PTL19WEbrPuboj3MetbXuu-0_wpyFJ4_ktavj3pEZcG3J_M8QCS95AXzIedOmW4aTPTpKck03-i_eSSoJNkug-5Rxf/s4032/pexels-david-mcbee-730547.jpg" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="3024" data-original-width="4032" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6bQw9rQ9l7kUg5kcRNAyTt1QEzqhh69kFk4AgyEmVxUNN4zd9jndOU61fupMH_f1X-PDeQErDxizJyShc3puU3lw8gSBrJ0PTL19WEbrPuboj3MetbXuu-0_wpyFJ4_ktavj3pEZcG3J_M8QCS95AXzIedOmW4aTPTpKck03-i_eSSoJNkug-5Rxf/w640-h480/pexels-david-mcbee-730547.jpg" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="text-align: start; white-space: pre;"><i><span style="color: #999999; font-family: inherit; font-size: x-small;">Photo by David McBee</span></i></span></td></tr></tbody></table><h1 style="text-align: left;">Algorand Price Surges After Minimal Rate Hike By Federal Reserve</h1><div><b>The cryptomarkets had been declining</b> over the past couple of days in expectation a significant increase of interest rates by the Federal Reserve that was set to be announced yesterday, February 1st. </div><div><br /></div><div><b>Instead</b>, the U.S. central bank decided to <a href="https://www.npr.org/2023/02/01/1152862301/federal-reserve-interest-rates-inflation-recession-economy" target="_blank"><b>up the interest</b></a> rate by only <b>0.25%</b>. This announcement instantly lead to a sudden bullish surge among cryptocurrencies, including Algorand. </div><div><br /></div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">❗️BREAKING: Fed increases rates by only 0.25%. <a href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw">#Crypto</a> surges back to continue bullrun 📈</p>— AlgoDaddy | News & Guides (@AlgoDaddyBlog) <a href="https://twitter.com/AlgoDaddyBlog/status/1620879599298293760?ref_src=twsrc%5Etfw">February 1, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><div><br /></div><h2 style="text-align: left;">Higher Interest Rates Giving Desired Effect</h2><div><b>According to</b> the Federal Reserves chairman, Jerome Powell, the increased interest rates are starting to have the desired effect. Consumer spending has cooled in recent month and the Fed is cautiously optimistic about the current situation, but he emphasises that they still have a long way to go</div><div><br /></div><div>"We're going to be cautious about declaring victory and sending signals that we think the game is won, because we've got a long way to go," Powell told reporters.</div><div><br /></div><div><b>The slowed down increase</b> of interest rates positively affects the cryptocurrency markets and <a href="https://www.algodaddy.org/p/algorand-articles.html"><b>Algorand</b></a> quickly gained over 8% after the announcement, trading at <b>$0.255</b> on Thursday morning. </div><div><br /></div><div><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><br /></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-14696611310258231272023-02-01T07:38:00.000+02:002023-02-01T07:38:31.055+02:00 Music Rebel Opulous Announces New Chief Financial Officer<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgewDe0nXM0LCuVCVymep0feuixMvLZTpIEx8nRLpB120KvNrAjRsrDm3u-mGlVMiakB7VyUSC-MR4qHEHx1DFJrg_9PXmqWxZqy8c0gbMIuFwpLG1wjJ38VOJnXv1gPXjCsXKGMWSDERqzfbvzf7M_gi8G9uXUeqSzA-ShFTnmB72CUKSkVjzAa_ZQ/s1920/opulous-new-cfo.jpg" style="margin-left: auto; margin-right: auto;"><img alt="opulous new cfo" border="0" data-original-height="1080" data-original-width="1920" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgewDe0nXM0LCuVCVymep0feuixMvLZTpIEx8nRLpB120KvNrAjRsrDm3u-mGlVMiakB7VyUSC-MR4qHEHx1DFJrg_9PXmqWxZqy8c0gbMIuFwpLG1wjJ38VOJnXv1gPXjCsXKGMWSDERqzfbvzf7M_gi8G9uXUeqSzA-ShFTnmB72CUKSkVjzAa_ZQ/w640-h360/opulous-new-cfo.jpg" title="opulous new cfo" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><br /></td></tr></tbody></table><h1 style="text-align: left;">Opulous Announces New Chief Financial Officer</h1><p><b>On Tuesday afternoon</b> the Algorand-based platform <a href="https://www.algodaddy.org/2021/11/opulous-asa-deep-dive.html" style="font-weight: bold;">Opulous</a> announced their new chief financial officer, Nick Pelecanos. This comes as Opulous are aiming to hasten market growth in the year to come. </p><p><b>Pelecanos has a background</b> as Head of Trading at the venture capital NEM Ventures, amongst other professional experiences.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">🚀 TEAM ANNOUNCEMENT<br /><br />We are proud to announce the appointment of Nick Pelecanos as our new Chief Financial Officer 📈<br /><br />Nick joins Opulous to accelerate our market growth in 2023 as we launch our ecosystem of game-changing music products!<br /><br />Discover more 👉 <a href="https://t.co/Sr7ITRpuXu">https://t.co/Sr7ITRpuXu</a> <a href="https://t.co/XktDxVKkFy">pic.twitter.com/XktDxVKkFy</a></p>— Opulous (@opulousapp) <a href="https://twitter.com/opulousapp/status/1620486263202779136?ref_src=twsrc%5Etfw">January 31, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">Mint Music Fungible Tokens With Opulous</h2><p><b>Opulous is the only platform</b> to mint Music Fungible Tokens (MFTs). MFTs gives users the possibility to invest in music by offering a share in the revenue from an artists work, be it a single, EP, or album. Opulous changes both how musicians access funding, and how they connect with their fans.</p><p><b>The novel music platform</b> was one of the first professional projects to commence on the Algorand blockchain. It was launched on 1st of February 2021 and was immediately immensely successful. During the launching event <span style="font-family: inherit;">Soulja Boy<span style="background-color: white;"> and Lil Pump released NFT's on Opulous, which garnished a staggering $500K in total sales. </span></span></p><p><b>Starting from February 1st</b>, Opulous will unveil new artists on a weekly basis and start offering early access to certain MFT drops through their staking pools ($OPUL ASA). <br /><br /></p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">🎶 PLATFORM LAUNCH UPDATE<br /><br />Starting February 1st, we will unveil a new artist EVERY week and start opening early access to MFT drops via our <a href="https://twitter.com/search?q=%24OPUL&src=ctag&ref_src=twsrc%5Etfw">$OPUL</a> Staking Pool!<br /><br />The full <a href="https://twitter.com/search?q=%24OPUL&src=ctag&ref_src=twsrc%5Etfw">$OPUL</a> platform is about to launch! Get ready for an explosive start to 2023 and many surprises to come 🚀 <a href="https://t.co/gUxo6sDJt1">pic.twitter.com/gUxo6sDJt1</a></p>— Opulous (@opulousapp) <a href="https://twitter.com/opulousapp/status/1616476793833144322?ref_src=twsrc%5Etfw">January 20, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><p><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><br /></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-76729686553909627942023-01-31T07:38:00.005+02:002023-01-31T10:28:24.667+02:00AMAZING: Zone Users Accounts For 40% of Algorands Daily Usage<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimRhbGHP4D26Clia0txbUPdPd5aKAUQpfBm01xPUG-flen-dPUfMqqh0y--_82UFvo4Aapz2vM1hLaDt3nrB201CtsE4ByZQhUcVe01Jgs6lQsJEv2fKtUlZUW_P4STxkUuet20QykGQLCv6Ix_TCcwKQAQy2szVoKrpWq7kT8jYh2C7cN4cDu-94h/s2182/Zone%20Algorand%20Gaming.png" style="margin-left: auto; margin-right: auto;"><img alt="Zone Algorand Platform" border="0" data-original-height="1156" data-original-width="2182" height="340" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimRhbGHP4D26Clia0txbUPdPd5aKAUQpfBm01xPUG-flen-dPUfMqqh0y--_82UFvo4Aapz2vM1hLaDt3nrB201CtsE4ByZQhUcVe01Jgs6lQsJEv2fKtUlZUW_P4STxkUuet20QykGQLCv6Ix_TCcwKQAQy2szVoKrpWq7kT8jYh2C7cN4cDu-94h/w640-h340/Zone%20Algorand%20Gaming.png" title="Zone Algorand Platform" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Zone Users Accounts For 40% of Algorands Daily Usage</h1><div><b>The decentralized cross-chain gamefi</b> platform 'Zone' recently made an announcement on Twitter, in which they announced that their users represent almost half Algorands blockchain daily usage.</div><div><br /></div><div><b>Since the launch</b> of their gamefi platform in September of 2022, the gamers using Zone represent roughly 40% of daily active addresses on Algorand. In addition, they reported almost 5 million games played by users in their PlayFi League.</div><div><br /></div><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Zone's impact on <a href="https://twitter.com/Algorand?ref_src=twsrc%5Etfw">@Algorand</a> is undeniable.📈<br /><br />Since our launch, we have maintained a streak. 🔥<br />On average, 40% of daily active addresses on <a href="https://twitter.com/Algorand?ref_src=twsrc%5Etfw">@Algorand</a> belong to <a href="https://twitter.com/search?q=%24ZONE&src=ctag&ref_src=twsrc%5Etfw">$ZONE</a> users. 🎮<br /><br />This is a testament to our relentless efforts to drive growth and achieve massive consumer adoption.💪 <a href="https://t.co/TYe8r9KNoO">pic.twitter.com/TYe8r9KNoO</a></p>— ZONE by XTZ (@XTZ_ESPORTS) <a href="https://twitter.com/XTZ_ESPORTS/status/1618549654811213825?ref_src=twsrc%5Etfw">January 26, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">Chief Business Officer Comment</h2><div style="text-align: left;"><span style="background-color: white;"><span style="white-space: pre-wrap;"><span style="font-family: inherit;"><b><a href="http://www.algodaddy.org">AlgoDaddy</a> reached out to Zone</b> for a comment, this is what their chief business officer, </span></span><span style="white-space: pre-wrap;"><span style="font-family: inherit;"><b><a href="https://twitter.com/SayanMjee" rel="nofollow" target="_blank">Sayan Mukherjee</a></b>,</span></span><span style="font-family: inherit; white-space: pre-wrap;"> had to say about the amazing news - </span><span style="font-family: inherit; white-space: pre-wrap;">"Since its launch, Zone has been building relentlessly, rolling out major products and marketing initiatives. 370k+ total wallets connected with 138k new wallets coming in during the PlayFi league, and contributing to 40% of the average daily active addresses on the Algorand blockchain is a monumental achievement and a clear reflection of the team’s unwavering work ethic and support from the Algorand community." </span></span></div><p style="text-align: left;"><span style="background-color: white; white-space: pre-wrap;"><span style="font-family: inherit;"><b>Mukherjee went on to explain</b> the grounds for their success - "For us, Magic link integration for easy email-based wallet creation, and Free Money pools that make it easier for new users to play and earn without the need to obtain Algos first have been major unlocks in acquiring users. Also, thanks to Zone, ALGO now has a very powerful real-world use case for consumers through the Zone Marketplace."</span></span></p><h2 style="text-align: left;">First GameFi Ecosystem on Algorand</h2><div style="text-align: left;"><b>Zone is the first gamefi</b> ecosystem on the Algorand blockchain that combines on-chain gaming challenges, yield farming and NFTs to create a free-to-play and play-to-earn ecosystem. </div><div style="text-align: left;"><br /></div><div style="text-align: left;"><b>The platforms features include</b> on-chain gaming challenges, staking, NFT's with powerups, multi-platform support, and Zones fantasy league sports. </div><div style="text-align: left;"><br /></div><div style="text-align: left;"><b>Recently the launched</b> a marketplace as well. In addition, they're looking to support e-sport titles such as League of Legends, CS:GO, Poker, and Clash Royale in the future, with current support for Dota 2.</div><div style="text-align: left;"><br /></div><div style="text-align: left;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqRchxQNIw2vE_9SrMygbJRueUxGg6Q4KHuAE1BDOFMsfTkalse17wajvteHMSZvWVGnLSjMMLA3oOdl7bmP3bzwoywQK6_6Onf8lErufJQsCNp8Iw5PS8-h-RT2FQsdNETkcclipL2UeOOQ4TKQHEkR-C1AvBj1k2I-YI3KzwfSkq28e3R4cHnLRL/s1100/0_Si0VtQi4N8niFfM1.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="619" data-original-width="1100" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqRchxQNIw2vE_9SrMygbJRueUxGg6Q4KHuAE1BDOFMsfTkalse17wajvteHMSZvWVGnLSjMMLA3oOdl7bmP3bzwoywQK6_6Onf8lErufJQsCNp8Iw5PS8-h-RT2FQsdNETkcclipL2UeOOQ4TKQHEkR-C1AvBj1k2I-YI3KzwfSkq28e3R4cHnLRL/w640-h360/0_Si0VtQi4N8niFfM1.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table></div><h2 style="text-align: left;">Zone x Algorand PlayFi League </h2><div><b>In November</b> Zone teamed up with Algorand and <a href="https://blog.zone.game/zone-x-algorand-playfi-league-the-biggest-web3-gaming-league-is-here-affcedbb21d2" target="_blank"><b>announced</b></a> the PlayFi League, the biggest Web3 gaming league of all time, with a total price pool of $150,000 USD. </div><div><br /></div><div><b>To play in the league</b>, all gamers would need to hold the Zone Game Pass NFT. The Zone Game Passes are free to claim, albeit minted in a limited amount. The first run of the PlayFi League lasted 35 days. </div><div><br /></div><div><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-30488444120516536.post-24347514919555155572023-01-30T20:41:00.003+02:002023-01-31T07:40:39.826+02:00One Month Post-Launch: Deridex Already Processed Over $1 Million USD On-Chain<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZvjy4XVjPOPvkGtZ4_vJ1D3W9tN0oh9Uid02GroJQOh5cxbGIVQYiXSulFM68BomcqAY2pvY7y39csymU3CYDuSajj6rBVYdk3DIN7OUnyAjjsZj81skeGMrOY74y7VvSJeOI8dDSxfDmHgTf7im6scJXnkDmWvWdXrf3LwQhb2NUno_zyw7JUCQ1/s1562/Deridex%20Algorand.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="834" data-original-width="1562" height="342" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZvjy4XVjPOPvkGtZ4_vJ1D3W9tN0oh9Uid02GroJQOh5cxbGIVQYiXSulFM68BomcqAY2pvY7y39csymU3CYDuSajj6rBVYdk3DIN7OUnyAjjsZj81skeGMrOY74y7VvSJeOI8dDSxfDmHgTf7im6scJXnkDmWvWdXrf3LwQhb2NUno_zyw7JUCQ1/w640-h342/Deridex%20Algorand.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><h1 style="text-align: left;">Deridex Processes Over $1 Million USD</h1><p><b>It's only been a month</b> since the decentralized finance platform <b><a href="https://app.deridex.org/" target="_blank">Deridex</a></b> launched on the Algorand mainnet. </p><p><b>Since then</b>, Deridex has processed over $1 Million USD in on-chain volume. This was reported by tweet from Deridex on Monday noon. </p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">It's been a month since we launched on mainnet. Since then Deridex has processed over $1M in on-chain volume. Discover how Deridex is revolutionizing decentralized derivatives.<a href="https://t.co/WebEbEdNEx">https://t.co/WebEbEdNEx</a><a href="https://twitter.com/hashtag/Algorand?src=hash&ref_src=twsrc%5Etfw">#Algorand</a> <a href="https://twitter.com/hashtag/derivatives?src=hash&ref_src=twsrc%5Etfw">#derivatives</a> <a href="https://twitter.com/search?q=%24ALGO&src=ctag&ref_src=twsrc%5Etfw">$ALGO</a> <a href="https://t.co/mcllYLR3DL">pic.twitter.com/mcllYLR3DL</a></p>— deridex.algo (@DeridexHQ) <a href="https://twitter.com/DeridexHQ/status/1620091347872137221?ref_src=twsrc%5Etfw">January 30, 2023</a></blockquote> <script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><h2 style="text-align: left;">What is Deridex?</h2><p><b>Deridex is the first platform</b> that enables on-chain derivative trading on the Algorand. It was launched on 31th of December, 2022. </p><p><b>Derivatives are a multi-trillion dollar industry</b> and hedgefunds and large institutional investors rely on derivatives to hedge their portfolios, hence why its important for a blockchain like Algorand to support such features.</p><h2 style="text-align: left;">A Repertoire of Features For Traders</h2><p><b>The platform offers</b> a variety of tools for more advanced investors, such as options contracts, longs, shorts, perpetuals, and leveraged trading. </p><p><b>Perpetuals contracts</b> on Deridex allow traders access to up to 20x leverage long or short on various assets. These trades are facilitated by liquidity providers which provide margin loans to these traders and collect borrow fees.</p><p><span style="background-color: white;"><b style="color: #141414; letter-spacing: -0.5px;">Article Author: </b><span style="color: #141414;"><a href="https://www.algodaddy.org/p/authors.html" style="letter-spacing: -0.5px;"><b>Martin</b></a><span style="letter-spacing: -0.5px;"><b><br /></b></span></span></span><span style="background-color: white;"><b>Follow on Twitter: </b></span><a href="https://twitter.com/AlgoDaddyBlog"><b>AlgoDaddy</b></a></p>Unknownnoreply@blogger.com