Tuesday, June 6, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Uncategorized

Algorand & MakerX announce automated migration service and commit 1M ALGO to enable Terra users to migrate to Algorand

cryptonews100_tggfrn by cryptonews100_tggfrn
June 1, 2022
in Uncategorized
0
Algorand & MakerX announce automated migration service and commit 1M ALGO to enable Terra users to migrate to Algorand
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Algorand is dedicated to serving to these impacted by the Terra/Luna fallout seamlessly discover a house the place they’ll proceed to develop their group, construct, develop and innovate

SINGAPORE, June 1, 2022 /PRNewswire/ — The Algorand Foundation, whose mission is to develop the ecosystem of the carbon-negative Layer 1 blockchain invented by Turing Award winner and MIT professor Silvio Micali, and MakerX, a agency that focuses on web3 & digital product improvement, right now introduced the overall availability of a first-of-its-kind automated platform that may enable Terra users to transfer their initiatives to Algorand. The Algorand Basis additionally introduced that it’s committing 1 million ALGO to a fund that may begin with enabling Terra users to make the migration.

Related articles

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

February 28, 2023

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

February 28, 2023

“We’re all working for a similar dream of an inclusive, decentralized, and borderless international financial system. And while you see people who find themselves chasing that dream get hit onerous the best way they did, you’ll be able to’t simply sit round,” stated Algorand Basis CEO Staci Warden. “When folks from the Terra/Luna group began reaching out to us, we instantly acquired busy (very!) getting this help up and operating.”

With the Algorand Migration Service, Terra creators will likely be in a position to migrate their NFT initiatives to Algorand, obtain personalised help from founders of a few of the most well-known initiatives and platforms on Algorand, and enable their communities to simply obtain their newly migrated NFTs at zero price with all charges lined by Algorand. On the time of launch, Algorand was the primary to deploy a migration service leveraging automation to enable seamless undertaking migration.

Funding will likely be allotted on a first-come, first-serve foundation, factoring in dimension of the undertaking group whereas energetic on Terra. Even after the particular migration fund has been depleted, users will nonetheless find a way to apply for funding through the usual Algorand grant program.

That is only the start. The Basis and MakerX plan to increase migration functionality to enable users on different blockchains to make the swap.

Poppin Puffins is a NFT creator membership that has already moved onto Algorand. The membership donates 2.5% of its earnings to charities dedicated to pure seabird habitat conservation. “It simply is smart. Our values couldn’t be extra aligned,” the membership said. “We’re relieved we’ve got a spot to nest – the place our folks can maintain making cool stuff for trigger.”

To develop the device, Algorand partnered with MakerX, which developed key undertaking content material, created a undertaking help channel, constructed the migration device, and drove the allocation of funding to migrated initiatives. It’s a long-standing partnership; MakerX is an Algorand Most well-liked Companion and the creator of the Data History Museum on Algorand. The mixed group developed the providers platform over two weeks, responding quickly to the necessity for supporting Terra initiatives in search of a brand new house.

“When one in every of our engineers noticed the challenges confronted by initiatives within the Terra ecosystem, they jumped into motion, creating an open-source device to help initiatives in search of to migrate.” stated Matt Davies, MakerX CEO. “MakerX was thrilled to work with the Algorand group in automating this service in order that Terra initiatives may simply migrate to a brand new house, leveraging our know-how investments over the previous 12 months in Algorand to get the migration service dwell in beneath two weeks.”

For extra info and to entry the migration service or utility for funding, please go to the Algorand Migration portal at https://migrate.algorand.foundation.

spot and derivatives trading, low fees! Use VPN to Spain if in US.

About Algorand Basis
The Algorand blockchain — designed by the MIT professor and Turing Award successful cryptographer Silvio Micali — is uniquely able to delivering on the promise of a borderless international financial system. It achieves transaction throughputs on the pace of conventional finance, however with rapid finality, close to zero transaction prices, and on a 24/7 foundation. Its carbon-neutral platform and distinctive pure proof-of-stake consensus mechanism solves for the “blockchain trilemma” by reaching each safety and scalability on a decentralized protocol, and with out a second of downtime because it went dwell in 2019.

The Algorand Basis is devoted to serving to fulfill the worldwide promise of the Algorand blockchain by taking duty for its sound financial provide economics, decentralized governance, and wholesome and affluent open-source ecosystem. For extra info, go to https://algorand.foundation.

About MakerX
MakerX focuses on digital product improvement for start-ups, corporates & enterprise builders. They ship profitable ventures by bridging the hole between enterprise technique and know-how implementation. Headquartered in Australia, and with specialists world wide, MakerX have attracted the brightest minds in engineering, design and strategic considering. MakerX could be engaged straight or embedded in present enterprise constructing groups because the skilled digital implementation and Web3 accomplice. For extra info, go to https://www.makerx.com.au.

Contact
[email protected]

SOURCE Algorand Basis



Source link

Tags: ALGOAlgorandAnnounceAutomatedCommitEnableMakerXmigratemigrationServiceTerrausers
Share76Tweet47
kucoin-exchange

Related Posts

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

by cryptonews100_tggfrn
February 28, 2023
0

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC ...  David Gerard Source link

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

by cryptonews100_tggfrn
February 28, 2023
0

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says  Cointelegraph Source link

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes – CoinGape

by cryptonews100_tggfrn
February 28, 2023
0

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes  CoinGape Source link

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if… – AMBCrypto News

by cryptonews100_tggfrn
February 27, 2023
0

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if…  AMBCrypto News Source link

First Mover Asia: Solana in the Green After Weekend Deep Freeze – CoinDesk

by cryptonews100_tggfrn
February 27, 2023
0

First Mover Asia: Solana in the Green After Weekend Deep Freeze  CoinDesk Source link

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

SEC Sues Binance, World’s Largest Cryptocurrency Exchange

SEC Sues Binance, World’s Largest Cryptocurrency Exchange

June 6, 2023
Unveiling the Key Factors Influencing the Adoption of Blockchain Technology for Strengthening Cybersecurity in the Contemporary Technological Landscape

Unveiling the Key Factors Influencing the Adoption of Blockchain Technology for Strengthening Cybersecurity in the Contemporary Technological Landscape

June 6, 2023
Ethereum gas fees cool down after May memecoin frenzy

Ethereum gas fees cool down after May memecoin frenzy

June 6, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (36) Binance (70) Bitcoin (354) blockchain (62) BTC (76) Buy (41) Cardano (74) ChainLink (40) Classic (70) coin (53) Cointelegraph (45) crypto (451) Cryptocurrencies (39) Cryptocurrency (91) Cryptos (56) DOGE (38) Dogecoin (81) Elon (37) ETH (52) Ethereum (153) FTX (45) gains (40) Heres (41) Inu (73) investors (56) LUNA (241) LUNC (43) market (138) MATIC (37) million (37) Network (53) News (129) Polkadot (37) POLYGON (43) prediction (78) price (260) SEC (39) SHIB (42) Shiba (74) Solana (63) Terra (283) token (36) top (77) VeChain (40) XRP (56)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.