Update on Next Governance Voting Session (G3V1)
Recently, we have received extensive feedback from our community that the current governance structure, with its focus on rewarding passive Algo holders, does not incentivize development of the Algorand ecosystem as it should. We agree. Our initial departure from a flat governance system started last period, with the approval of the expert-governor (xGov) layer. Now, we plan to put forth a more comprehensive proposal, granting extra "governance seats" and rewards to active participants in the Algorand ecosystem, such as DeFi participants, NFT creators, relay-node runners, etc. The voting session for the current governance period will be held from June 1 to June 15, 2022, and the measures to vote on will be available two weeks in advance.
Algorand Becomes the Official Blockchain Platform of FIFA
Algorand will become the official blockchain platform of FIFA and provide an official blockchain-supported wallet solution, the company said in a Monday statement. It will be a FIFA World Cup Qatar 2022 regional supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023 official sponsor.
Algorand Unveils Proof of Stake Blockchain Efficiency Framework
On Earth Day 2021, we took the opportunity to show to the whole community why Algorand does not trade sustainability for security, for scalability nor for decentralization. Today we present a new framework of comparison for Proof of Stake blockchain efficiency and sustainability that properly weighs these three essential elements of the blockchain’s purpose into the resulting Decentralized Network Finalized Efficiency Score (DNFES).
Algorand Foundation Launches Venture Studio Algo Foundry
The Algorand Foundation today announces the launch of Algo Foundry, a venture studio dedicated to growing the Algorand developer ecosystem and building Algorand blockchain infrastructure and applications. In partnership with Undercurrent Capital, 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.
LA Times: Cryptography Pioneer Silvio Micali on Where Crypto is Headed
Today, Micali, 67, is focused on another application of encryption: the blockchain, which is the foundation of bitcoin and other cryptocurrencies. At the Milken Institute Global Conference this week, the MIT professor promoted Algorand, a blockchain he developed that he says is greener, faster, and more secure than other protocols.
Wildlife Conservatory Australia Zoo Announces NFT Project with Algorand
Australia Zoo, a wildlife conservatory related to the family of noted conservationist Steve Irwin, has announced a non-fungible token (NFT) series on the green blockchain Algorand to celebrate the 20th anniversary of its Wildlife Warriors conservation project.