Napster to Launch its token on Algorand
Napster, a seasoned music streaming platform, has announced plans to launch its token on the Algorand blockchain, signaling its entry into the Web3 ecosystem. Although a launch date hasn’t been specified, Napster has published a litepaper explaining its aspirations to expand its current music streaming ecosystem on the layer-1 blockchain. According to the litepaper, “Napster […]
Algorand becomes official blockchain of FIFA
Algorand (ALGO) blockchain network, has signed a partnership agreement with FIFA making it the soccer association’s first official blockchain platform and also the sponsor for the 2023 women’s world cup. Algorand will also become a regional supporter throughout North America and Europe for the 2022 FIFA World Cup, which will be held in Qatar in […]
Algorand blockchain wants to use network transaction fees to purchase carbon offsets
Algorand, a proof-of-stake blockchain technology, will implement a smart contract that will automatically allocate part of the Algorand blockchain’s transaction fees to purchase the network’s carbon emissions offset. Algorand has announced that a new smart contract within its blockchain network will automatically process a portion of each transaction fee to acquire verified carbon credits at […]
SkyBridge files for crypto-based ETF and plans a $100M fundraiser for Algorand
SkyBridge Capital investment firm filed for a crypto-focused exchange-traded fund (ETF) on Tuesday and announced plans for an Algorand fund at this week’s SALT conference in New York. Anthony Scaramucci, the founder of SkyBridge and a former White House communications director, told CNBC that the company has raised more than $100 million for the newly […]