Blockchain Game Alliance Welcomes Algorand (ALGO) as Its Newest Member
Decentralized scalable digital currency and transactions platform Algorand (ALGO) today announced that it had joined the Blockchain Game Alliance (BGA) as a member and supporting sponsor. Algorand, a permissionless, proof-of-stake (PoS) blockchain protocol that has provided tech infrastructure to several countries’ national currency projects is now an official member of the BGA.
Dubbing the aforementioned development as “just the tip of the iceberg,” the BGA noted that the addition of Algorand would foster more transparency, trust, and credibility among the gaming industry participants by leveraging the benefits of distributed ledger technology (DLT). Algorand’s expertise in developing blockchain-powered tools and services is expected to bring a wide array of benefits to the gaming industry, including helping it with scalability, creation of non-fungible tokens (NFTs), minimizing transaction costs, and playing a key role in developing new monetization models.
