Welcome to the latest edition of the Weekly Pulse, a weekly Algorand news wrap-up segment presented by Algopulse. As ever, we welcome your feedback so if there is anything you would like us to add, please let us know on Twitter, Discord, or Telegram. For more from Algopulse visit https://www.algopulse.io/.
New Grants Program Receiving Demand
Algorand Foundation CEO Staci Warden has announced that the revamped Algorand Foundation Supagrant program has already received nine submissions from projects in both Algorand and Ethereum. The $10 mil program which was announced in February 2022 at ETH Denver has been established to accelerate the technical work required to deliver EVM compatibility on Algorand. Warden has said that the Foundation team is looking forward to reviewing the submissions with the potential for multiple projects to be selected for a split grant.
Pact Solving Ledger Issue Through Open Source Solution
Pact Lead Dojo has confirmed that the project will be working on a new open-source solution for the issues occurring between the Ledger Hardware Wallet and Algorand dApps. As explained in a Tweet thread, recent Algorand tech upgrades have resulted in compatibility issues with the Ledger Wallet. To resolve the issue Pact are refactoring their code to better incorporate the Nano Wallet and will then share their solution with the entire ecosystem.
Tinychart Receive Algorand Foundation Grant
Algorand analytics project TinyChart has received a grant from the Algorand Foundation which will support the project’s long term sustainability and development of web and mobile solutions for DeFi trading on Algorand.
“When it comes to trading, the more information you have available, the better,” said TinyChart Founder Grzegorz Raczek.
“TinyChart aims to aggregate all possible sources of data into an easy to digest system where you can focus on simply investing into valuable projects.”
“This makes the whole process easy, safe and fun.”
Governance Period 2 Review Published
The Algorand Foundation have published a comprehensive summary of the activity seen during the second period of Algorand Community Governance. The report compiled by Algorand Foundation Chief Economist Massimo Morini and Head of Market Analytics and Research Michele Treccani outlines key observations, particularly regarding the behaviours of governors who participated. The third period of Algorand governance is set to commence at the beginning of Q2 which starts in April.
Silvio Micali Speaks at Blockchain Australia Week
Algorand Founder Professor Silvo Micali was among a contingent of speakers during the on-going Blockchain Australia Week Conference appearing remotely at the Sydney leg of the event. Professor Micali’s keynote speech focused Algorand’s role in the multichain future.
“I really think the future is not going to be one chain that wins them all, but it’s going to a dozen, 20 — maybe we don’t need thousands — but a fair number of chains, because each of us is good or better than others at certain things,” Professor Micali said.
“And so we are going to have multiple chains, and Algorand is going to be one of them.”
“The reason we want to do this is, we see our blockchain, which is almost designed to be a transaction blockchain, is going to be adopted more and more.”
“So we want to be able to handle not only the traffic of today, but the traffic of tomorrow, and later, all the days following tomorrow.”
AlgoLaunch Receive Algorand Foundation Grant
AlgoLaunch have been awarded an IDO launchpad SupaGrant by Algorand Foundation as they develop their launchpad protocol.
“Launchpads like AlgoLaunch help projects bootstrap the building of their applications,” said Head of Defi at Algorand Foundation Daniel Oon.
“AlgoLaunch helps developers get the word out and ensures that the community is well protected via internal due diligence processes.”
“We are delighted to support AlgoLaunch, the first IDO launchpad on Algorand.”
Humble Swap Mainnet Launching
Algorand based AMM Humble Swap has announced its mainnet launch will occur on March 28th. The protocol has been in the testnet phase since early 2021 and join Pact, Tinyman, and Algofi in the Algorand DEX space.
xBacked Reveal Their Team Members
xBacked have this week run a series on Twitter giving community members more insight into the individuals who make up the project. The project have published in-depth overviews on their full-stack developer Tom, Core Contributor Austin, Head of Community Gal, Software Engineer Juan, and Smart Contract Developer Nimi. To find out more about the xBacked team members be sure to visit their Twitter.
MyAlgo Wallet 3.0 Lauches
MyAlgo Wallet has this week launched its v3.0 protocol integrating some significant upgrades which were largely community-driven. This round of improvement focused on enhancing user experience particularly based on community feedback. The new version of the wallet can be utilized here.
Thank you for reading this week’s edition of the Weekly Pulse as we look forward to continue bringing this content to the Algorand Community. Was there anything that we missed? If so let us know on Twitter, Discord, or Telegram where you can also send us any news you see throughout next week for our next installment. For more from Algopulse visit https://www.algopulse.io/.