We are proud to partner and collaborate with founder Silvio Michali and the entire Algorand team, whose commitment and focus to the technology are inspirational.” Mario Casiraghi, CSO of Xfinite. Algorand is a superior technology whose volume of transactions, activity, and cost, makes it superior to public blockchains. “Xfinite has been searching for a trustable, scalable and decentralised solution that caters to mainstream adoption. It is a technology company dedicated to improving economic exchange by building new tools and services. It is the world’s first open-source, permissionless, pure POS blockchain platform for the next generation of decentralised products. “With major partnerships with organizations that have millions of users, we are excited to support Xfinite’s new applications and welcome them to the Algorand community.”Īlgorand is an open-source public blockchain based on a proof-of-stake (POS) consensus protocol that supports the scalability and transaction for businesses. Broad blockchain adoption can only be achieved through the creation of products that are tangible and inclusive for any consumer, no matter what region they are in or what their background may be,” said W. “Xfinite has a visionary understanding of how blockchain can be leveraged for new opportunities in the media industry. All of these use cases are designed to create positive economic incentives for its participants, while also creating new markets for brands and authenticating content creation. Mzaalo, is a streaming service that offers +50,000 hours of content and new mechanisms for engaging with content and other consumers. Xfinite has launched their first decentralised application (“dApp”) on their network. This is being achieved through unique reward-incentivization mechanisms, enhanced social engagement features, and partnerships with mainstream corporations, such as Microsoft, Eros Now, Dailyhunt, and SpiceJet. Xfinite is developing different use cases for modern consumers that focus on re-establishing parity between the viewer and the producer of digital content. Together, Xfinite and Algorand plan to drive blockchain mass adoption through a data-driven transformation of the ecosystem economics that underpins the consumer-producer relationship that drives the global digital media economy. Xfinite – which is built on the Algorand blockchain – aims to create a blockchain-based media ecosystem from which the next generation of digital media and entertainment decentralised apps (dApps) can function and flourish. Xfinite, a blockchain-based digital media platform, has partnered with Algorand, the first open-source, permissionless, pure proof-of-stake blockchain protocol.
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