NewsGrantSocial media analytics platform ASAlytics receives Algorand Foundation grant award

Social media analytics platform ASAlytics receives Algorand Foundation grant award

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Algorand Foundation

August 25th, 2022 - The Algorand Foundation today welcomes ASAlytics to the Algorand ecosystem as our latest grant recipient. ASAlytics is a social media analytics platform that continually tracks market dynamics by gathering real-time data on participants’ and stakeholders’ thoughts, feelings, and moods on the most common social media platforms regarding ASAs. The collated data are analyzed using Natural Language Processing techniques to explore trends and generate insights dynamically.

For Algorand asset holders who want to research the performance of tokens, ASAlytics provides an opinion mining platform for ASAs. With this, AlgoFam can now understand some critical social metrics, sentiments, and development activity of an asset and use the quality information to make sophisticated decisions as an end user or a creator.

“We are thrilled by the positive energy within the Algorand family and painstakingly look forward to launching our product. The team is currently on private beta and preparing for a public beta release. Internally, It is our desire to champion the application of Artificial intelligence in the Algorand blockchain and build an exemplary open-source structure that enables collective development within the ecosystem

 Ernest Owojori, Technical Product Manager, ASAlytics

We are delighted to support ASAlytics vision of providing social media sentiment analysis for Algorand standard assets (ASAs)and projects. The analysis provided will definitely aid users in their research and decision-making process about the ever-evolving digital assets ecosystem. Algorand’s blockchain architecture lends itself beautifully for deploying artificial intelligence (AI) and machine leaning (ML) models, and this combination of technologies will generate innovative insights.”

Simon Bonanno, Head of Business Intelligence, Algorand Foundation

For more information on ASAlytics, please visit https://asalytics.ai/ or follow them on Twitter or LinkedIn.

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