RATE Group | Ethereum competitor Algorand announces cooperation with french startup
88595
post-template-default,single,single-post,postid-88595,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum competitor Algorand announces cooperation with french startup

18 May Ethereum competitor Algorand announces cooperation with french startup

Posted at 14:58h in Cryptocurrency News by

Algorand

Source: NicoElNino – Shutterstock

  • French startup PlanetWatch announces rewards with token launched on blockchain from Ethereum competitor Algorand to mitigate air pollution. 
  • PlanetWatch raised 550,000 euros in a mixed investment round targeting private and institutional investors. 

In a press release, French startup PlanetWatch announced that it had completed a mixed funding round. Open to both private and institutional investors, the French startup raised 550 million euros in the round led by the Italian investment company RA.MO.

PlanetWatch incentives environmental conservation with Algorand

According to the statement, the money from the investment will be used to fight air pollution. Through the development of a mesh build by PlanetWatch that will store information obtained in real time in Algorand’s blockchain.

After obtaining the real-time information, the release states, the owners of the sensors that make up the grid will be rewarded for keeping air pollution levels low. The…

Source link

Tags:
, , , , , ,