One of the ETH clients posted his frustration about how he hated the $ETH network more and more. This user posted a screenshot that read:  Customize Gas – And under the Basic section, it was written:  Estimated Processing Times – Select higher gas fees to accelerate the processing of your transaction.

The fee slot read:  “Slow – 0.038118096 ETH; Average-0.04508592 ETH; Fast-0.056562336 ETH.”

In response, one of the Algorand advocate posted, stating:  “We will welcome all ETH leavers with a ~0.0015 USD transaction fee.  And, this is no welcome bonus. Algorand is the Future.”

Also, it is worth noting that Algorand pledged to be the greenest blockchain with a carbon-negative network now and in the future.

Algorand has partnered with ClimateTrade.  For clarity, Climate Trade, is a Spanish Company, and their main objective is to make it possible for companies to achieve their sustainability goals. They finance climate change projects, thus contributing to carbon offsetting.  The company also uses blockchain technology to guarantee that the carbon credits go directly to the source of the project.

ClimateTrade customers will use Algorand as their primary infrastructure layer this leveraging its capabilities for carbon offsetting.

The reason ClimateTrade has Chosen Algorand has been cited in their website as:

“ClimateTrade has chosen Algorand for the network’s flexible architecture, low transaction fees, and transactional performance that can scale to millions of users. Algorand’s public, Pure Proof of Stake (PPoS) blockchain technology also brings greater levels of efficiency, transparency, and inclusivity to Climatetrade’s existing digital marketplace.

This partnership reinforces the company’s commitment to transparency and efforts to expand the reach of its innovative service to the global audience. In addition, Borderless Capital has participated in the € 1 Million seed round of ClimateTrade to support the company’s strategic plan and expansion goals in the United States and beyond.”

Algorand have also democratized NFTs: With the emergence of fractional NFTs, even more individuals across the globe can gain access to the NFT market. There are immense benefits to fractional NFTs. Algorand facilitates the tech required to back the process.

By making use of fractionalization of an NFT – the token gets locked into a smart contract that splits into multiple parts, which represents fungible tokens. For clarity, “fungibility is the ability of a token to be exchanged with other tokens of the same type.” Indeed, NFTs are still not fungible in their entirety; an asset can be broken into smaller parts represented by fungible tokens. Therefore, this can bring in more investors.