KaY〽️

USDC is global and now live on over 30 different chains.

🇮🇱 Benjamin Netanyahu à l’instant : "Tout d’abord, je tiens simplement à dire : je suis en vie, et vous en êtes tous témoins".

BOOM! As many of you know, we have been preparing to take on the responsibility for Algorand protocol maintenance and development for some time now. Our founder, Silvio Micali, built the best blockchain in crypto, bar none, with an elegant consensus mechanism still far ahead of even the most recent generation blockchains. And I, and everyone at the Algorand Foundation, understand that the sustainability of this protocol is our most sacred responsibility. With this unified strategy, in the United States, and as an entity that can pursue for-profit activities when they are in the best interests of the ecosystem, we will be truly unstoppable. In addition to our founder, I also want to acknowledge all Algorand Technologies engineers, past and present, for the incredible piece of technology that they have conceived, developed, and kept running.... Without one. second. of. downtime. 🫡🫡👊👊

Today, the Algorand Foundation made the difficult decision to reduce our workforce by 25%. This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in crypto markets. These employees have been best-in-class contributors to this ecosystem and to the Foundation, and this was an incredibly tough decision. We are sincerely grateful to them, and we are, of course, committed to supporting them through this transition. We believe that we now have a more sustainable alignment of Algorand Foundation resources with the protocol’s long-term business, technology, and ecosystem priorities. We remain fully focused on our mission of financial empowerment and the continued development and growth of the Algorand protocol, network, and ecosystem.