Algorand supports the creation of fractional NFTs using Algorand Standard Assets (ASAs). ASA is a layer 1 primitive makes creation of NFTs possible in just a few seconds. There is no need of smart contract code to create these assets.  It takes only one transaction to create an NFT. The transaction describes the mutable and immutable properties of the token. Once configured the immutable configuration cannot be changed.

It is easy to mint NFTs and to further integrate royalty points by making use of Algorand’s Layer-1 features. Thus, NFTs can be efficiently used to reward creators.  Algorand users can also integrate NFT royalties through the combination of Layer-1 features that permits them to monetize their work, not just by a robust, and flexible NFT infrastructure.

NFTs in Algorand are a different breed. It just takes for the NFT hype to come back and the rest will be glorious.

Several organizations from different sectors like fintechs, startups, financial services, institutions, and DeFi are currently building on Algorand. The robust community are creating a healthy ecosystem of organizations aligned with Algorand’s longer-term vision for the future of finance.

The use cases range measure anywhere from Infrastructure, Securities, Supply Chain, Identity, and Government public sector, Insurance, Environmental, Gaming, DeFi, Financial Institutions and Digital Assets.

Algorand is the World’s first open source, permissionless, pure PoS blockchain protocol designed for the future of finance.

Online Style Transfer, is the first integrated AI Service where users can create amazing images from any photo.

Users can now keep the same “base” profile photo on each social media, but with different styles!

In order to call the service and get amazing stylized images, users will need to install the PureStake AlgoSigner Extension with the Add-On in the browser.  Appropriate installation steps apply.

The Algorand Foundation are working with leading research websites to improve the accuracy and timeliness of their circulating and reported supply metrics for the Algo.

There are hundreds of organizations who are building their businesses on Algorand and the tech there continues to break down barriers towards real-world adoption.

Sean Lee, CEO of Algorand in the past expressed:  “There is no legacy technology or system, there is only legacy thinking” @ DevOps & Agile Summit of a leading world bank. Pivotal, Inc.”

Algorand is building the technology to power the Future of Finance (FutureFi).  They are building decentralized models that are inclusive, frictionless, and secure providing for interoperability and capacity to handle the volume of transactions needed for decentralized finance (DeFi), financial institutions, and governments to smoothly transition into FutureFi.

Reportedly, they are the technology of choice for more than 500 global organizations.  Algorand is making possible the simple creation of next-generation financial products, protocols and exchange of value.