One of the primary reasons Algorand shows long-term potential aside from its technology is the expanding number of projects and use cases already deployed or are in development with the project.
Some of these examples are:
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In 2019 their mainnet launch went off without any problems which signalled confidence to some strong firms and partners who were quickly interested in cementing relationships with the Algorand Foundation after this.
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Algorand has helped people in developing nations establish self-sovereign digital identities for individuals and has created tokenized traceable commodities such as gold for investors. They have also become one of the primary networks of choice for many institutions and government agencies worldwide.
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Was chosen by the Marshall Islands to power its digital currency, the SOV (see image below).
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Was also chosen by the massively popular Exodus cryptocurrency wallet company for the tokenized sale of shares during their public Regulation-A offering in 2021. This was the first registered and regulated tokenized Regulation-A Public Offering of its kind.
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A more entertaining announcement was from the Drone Racing League, announcing that they will be transforming sports and gaming through blockchain-based technology through their partnership with Algorand. The Drone Racing League (DRL) landed a $100m deal with Algorand.
So its safe to say Algorand has been busy in many areas building out their entire ecosystem (see complete image below of the entire Algorand ecosystem and its projects) and there’s no plan to stop progressing any time soon, especially with all the impressive feats they have accomplished to date. Show Less
