This article explores Algorand's recent efforts to revitalize the project and position itself as the leading blockchain for Real-World Asset (RWA) tokenization.
Background
Founded in 2017 by Silvio Micali, a cryptography pioneer, Algorand is a pure proof-of-stake Layer 1 blockchain designed to bridge the gap between traditional finance and the blockchain world.
Despite its strong technical foundation and recognition from the SEC, Algorand's ecosystem underperformed in the last DeFi bull market due to a high development threshold caused by its unique programming language (TEAL).
Algorand's Road to Revival
Algorand is making significant strides across several areas to drive adoption and become the go-to platform for RWA tokenization: