Algorand (ALGO) Price Today

Algorand key events

Here is a quick overview of the key events in the timeline of ALGO.

• Algorand released its first open-source code for a verifiable random function in 2018.
• Silvio Micali, an MIT professor and recipient of the Turing Award, launched Algorand in 2019. After its launch, the ALGO token completed the listing procedure on Coinbase.
• Tether launched on Algore’s Next Generation Blockchain Platform in February 2020 as the first stablecoin.
• In June 2021, Arrington Capital will start a $100 million fund to invest in all Algorand-based initiatives.
• In August, El Salvador signed a cooperation agreement with Koibanx for developing the government’s blockchain infrastructure on Algorland.
• On December 17, 2021, Algofi launched on Algorand to offer a lending market, a stablecoin, and liquidity incentives. Just a month ago, Algofi managed to raise $2.8 million for this purpose.
• Algorand launched SupaGrant, a $10 million project, in March 2022 to enable Ethereum Virtual Machine compatibility and usher in multi-chain capability. Algorand also got ahead with a major upgrade aimed at extending the project’s smart contract functionality and opening the door to cross-chain interoperability.
• FIFA World Cup 2022 announced a partnership with Algorand for its green blockchain technology.
• pNetwork officially launches cross-chain bridges for Algorand.
• Algorand ecosystem’s Dequency announces a rights portal to aid the creation of a new sync licensing marketplace.
• In September 2022, Algorand appointed Michele Quintaglie, an ex-Visa communications executive, as its CMO. Around the same time, Algorand implemented state proofs, an interoperability standard.
• Algorand becomes the chosen public blockchain to support digital guarantees in Italy.