what's Algorand Foundation?
The Algorand Foundation is a nonprofit organization dedicated to supporting the development and adoption of the Algorand blockchain protocol. Founded in 2018 by MIT professor Silvio Micali, it oversees the ecosystem's growth, funds research and innovation, and promotes the use of Algorand's technology for scalable, secure, and decentralized applications. The foundation manages governance programs where ALGO token holders participate in decision-making and earn rewards, fostering community involvement in protocol upgrades and ecosystem initiatives. Algorand operates as a pure proof-of-stake blockchain, achieving consensus through a verifiable random function that selects validators randomly while ensuring finality in under five seconds. This design enables high throughput (thousands of transactions per second) with low fees and energy efficiency, making it suitable for DeFi, NFTs, real-world asset tokenization, and enterprise solutions. The foundation emphasizes quantum-resistant cryptography and carbon-negative operations, positioning Algorand as a sustainable alternative in the blockchain space.
Algorand Foundation ranks 5th among cryptocurrencies by number of addresses holding a balance.
Links
x.com/algofoundationRanks 5th among all cryptocurrencies by number of addresses holding a balance.
Q3 quarterly results released with circulating market cap at $1.83B (up 14.2% QoQ), DeFi TVL at $69.1M (up 15.5% QoQ), 1.54B ALGO staked, and xGov governance feature deployed to mainnet.
Algorand Foundation joins as Early Bird Sponsor for ETHDenver 2026 conference.
Algoland campaign enters Week 8 with Bridging Week theme, requiring users to bridge FOLKS tokens to Algorand for chess-themed prizes including a collector's chess set and 1-on-1 grandmaster lesson.
Weekly quest program runs with 1,000 $ALGO rewards, combining on-chain actions with participation from wendottools and NFDomains platforms.
Interoperability/Web3 Partnerships representative speaks at "Blockchain Fit – Navigating the Challenges" panel at Lock In Dubai conference, co-hosted with FalconStable, alongside BNB Chain, ZIG Chain, Base, XDC Network, and DWF Labs discussing ecosystem selection criteria, developer programs, AI integration in development, and regulatory compliance.
Representatives meet with BNB Chain, ZIG Chain, Base, and XDC Network in Dubai office to discuss market adoption, user acquisition and crypto market challenges.
World Chess partnership announced, featuring The Tower on-chain loyalty system and Global Chess Passport identity solution with millions of players verified on the platform.
Contract deployments hit a 6-month high, exceeding 40,000 in a single day.
Foundation announces new CTO, Google AP2 partnership, and live cross-chain stable bridge, with 5 hackathons producing 200+ projects and new Aid Trust Portal with startup challenge.
ALGOLAND program enters Week 4 with three NFT-focused quests including arcade gaming via Astro_Explorer_, NFT analytics through asalytic, and staking rewards on downbad_algo marketplace.
A 5-week Startup Challenges program kicks off October 7th with $125K in prizes and mentorship for early-stage blockchain projects, registration deadline October 10th.
The Foundation participated in Token2049 Singapore alongside FolksFinance, focusing discussions on stablecoin ecosystems, bridging innovations, and RWA tokenization.
Algoland Week 2 launches with "Prediction Week" activities partnering with Alpha Arcade dApp and offering new prizes including psychic medium readings.
The Algoland campaign is hosted on GalxeQuest platform with a total prize pool of $65,000 USDC across its multi-week dApp exploration activities.
Algoland Week 1 campaign launches with 1,000 ALGO tokens distributed among 5 winners for completing quests, plus grand prizes including 100K ALGO for ongoing weekly tasks focused on dApp exploration.
LCX, a regulated crypto exchange in Europe, has listed ALGO, expanding accessibility and adoption in the European market.
Tinyman DEX, described as the backbone of the Algorand ecosystem, is now integrated with Nansen analytics platform for enhanced tracking of growth and adoption metrics.