- Algorand released Algo Kit with user-friendly simulated environment.
- Algorand carries multiple apps, but only lately started to target developers.
- The blockchain offers fast transactions with immediate confirmation.
Algorand joined the list of networks offering additional solutions for Web3 builders. Algorand is one of the high-profile networks with significant token liquidity, which has tried multiple use cases since its launch. The goal of Algorand was to become a business-grade blockchain and offer sustainable low-cost transactions.
At the end of March, Algorand announced its Algo Took Kit, aiming at Web3 developers and project onboarding.
The kit also targets the producers of Web2 apps, which are aiming to move into Web3 in the simplest, most frictionless way. Algorand is a relatively late arrival, releasing its Web3 tools more than a year after all major networks offered their solutions. The main advantage for Algorand is to lower the time for deploying Web3 apps.
Additionally, Algorand offers developer support when onboarding apps, an approach similar to Ignitions. The Algo Kit is available for Windows and iOS, creating an intuitive environment for most Web3 onboarding activities. The environment allows for local testing and Algorand simulation before deploying an app on the main blockchain.
At this stage, the Algo Kit will also focus on being user-friendly, and on reliable testing for smart contract in a simulated environment. Later, Algo Kit may add new features for a full stack app development.
Algorand Offers Business-Grade Speed and Security
The Algorand network also leverages its high transaction speed, advertising itself to commerce-oriented Web3 apps and other projects requiring fast, almost free transfers. Algrand already offers a platform for NFT trading, as well as business solutions in banking, tokenized real estate, and carbon credits.
The Algorand network offers speedy transactions with immediate verification and no need to wait a long time for confirmations. This makes the network safer for merchants and with immediate finality for NFT resales and other Web3 tasks.
Algorand already carries multiple high-profile apps and games. The new Algo Kit, however, aims to streamline the building process for already existing products. Algorand already hosts mini-games like Algomons and Fracctal Monsters, as well as high-profile collectible projects such as High Forge. Algorand has an active DeFi list as well, even before opening its doors to Web2 teams.
