Algorand is the new system, it is the internet of value, Web 3.0. it has 300 M in DeFi fund, provides for virtual machine smart contracts, community governance and more.

Algorand COO Sean Ford recently spoke about the latest news with Algo which included the launch of a virtual machine aiming to unlock the full potential of smart contracts, the new $300 Million USD Fund to Support DeFi Innovation, community governance and on how rewards can be earned, Alty – the One-Click Social Messaging Wallet, Migrates to Algorand Enabling Instant and Nearly Feeless Chat-Based Crypto Transactions, Michael Arrington and Anthony Scaramucci investments in Algorand, Countries building their CBDCs on Algorand and much more. The full interview is available in You Tube.

Talking about Michael Arrington and Anthony Scaramucci investments in Algorand and on whether it was organic, Sean Ford expressed:  Michael Arrington has been a big support from the very beginning.  He is obviously an incredibly well respected person in Tech and blockchain and he has been very much aligned.  There is big value in betting on projects that have the highest quality tech and the ability to sort of transform legacy industries that bridge the gap between the legacy and sort of next generation.

Michael Arrington has been around the space long enough.  I think what he saw was that Algorand could provide a way forward for DeFi and the ability to bridge a lot of traditional financial applications in to this new digital world.

So, we have had relationships with him back to TechCruch days and he has obviously been pivotal in a number of other platforms and projects. And, we just met a number of times and actually in a conversation and it got off in a mutual way.  He suggested that we kind of deepen the relationship further and push this type of a fund forward because of the adoption and the activity.

Anthony Scaramucci is someone whom I think really represents a person who is on the forefront of things thinking in terms of what the blockchain can bring in to the traditional financial world. You know Skybridge has been active and involved with, which is his fund around the crypto space for some time and he has been a big proponent of the blockchain and its potential.

And, I think that you know when we started working with NAX, which is a new asset exchange that he is involved with the ability to know hundreds of millions of new users to Algorand specifically. It was just a sort of a match made in heaven.