Algorand Looks to Prove Why Algoracle Is Needed in the Contemporary Blockchai...
PRESS RELEASE. As the complexity of current dApps (decentralized applications) on Algorand grows, so must the infrastructure, notably oracles, to enable significantly higher and better feature sets. In the Algorand ecosystem, Algoracle’s opinions on off-chain computing are therefore worth discussing in key detail. What is it exactly? Since smart contracts are unable to access external data on their own, all Web 3.0 technology is built on the foundation of the most crucial of blockchain middleware, oracles. The current generation of decentralized oracle networks therefore seeks to....
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PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network.
Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foundation, Valhalla Capital, and Big Brain Holdings, and rounded out by strategic investors Xpand Capital, Parea Capital, OrcaDAO, GMI Capital, and EXA Finance. Thanks to the support provided by all of these organizations, the seed round was a resounding success and generated....
The Algorand ecosystem has seen unprecedented levels of adoption. The network has been rising in popularity as investors seek a sustainable and cost-efficient alternative to the expensive and slower blockchains. Algoracle, a project created to provide Algorand with a native oracle service was created to bootstrap the ecosystem’s expansion. This can only move forward by connecting its decentralized applications (dApps) to the real world. Algoracle facilitates this process by providing the network with a decentralized bridge to connect smart contracts with real-world data. This service is....
Algorand and pNetwork have announced a partnership that will bring more connectivity to the Algorand ecosystem with an external network. The partners will launch a cross-chain bridge with major platforms across the crypto industry. To achieve their objective, the Algorand Foundation gave pNetwork a grant to create a bridge powered by its platform. Thus, Algorand […]
pNetwork, a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains, has officially partnered up with Algorand, the pure proof-of-stake blockchain focused on the convergence between decentralized and traditional finance, to launch cross-chain bridges for the Algorand ecosystem. pNetwork has received a grant from the Algorand Foundation for creating a pNetwork-powered bridge for Algorand to be connected with external assets and ecosystems. As the cryptocurrencies industry continues to evolve, the development of alternative....
After receiving a grant from the Algorand Foundation, pNetwork and Algorand have consolidated their partnership. The cooperation will build cross-chain bridge power by pNetwork to connect Algorand to external networks and increase assets and token liquidity in its ecosystem. pNetwork, a system composed of multiple validators to achieve cross-chain composability, will allow assets to be […]