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Algorand Foundation launches Algo Foundry

Hassan Maishera - Cryptowisser
2022-05-05 16:30
The Algorand Foundation announced via a blog post on Thursday that it has launched its venture studio, Algo Foundry. The venture studio is dedicated to growing the Algorand developer ecosystem and building Algorand blockchain infrastructure and applications.
The team added that Algo Foundry will enable developers, entrepreneurs, and enterprises worldwide to focus on creating and building next-generation applications while deploying resources, playbooks, systems, developer talent, network, and capital to accelerate ideas and optimize the company creation process.
Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
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