Partnership will see Algorand Foundation and Tribe work together to grow and develop Web3 developer ecosystem in Asia
SINGAPORE, April 27th, 2022 - Tribe, Singapore’s first government supported blockchain ecosystem builder, and Algorand Foundation, today announced a strategic partnership that will see both organisations organise a series of initiatives to grow and support Web3 developers in Asia. The partnership aims to attract more Web3 developer talent, upskill developers, provide support and resources where needed and drive education and talent management across the developer ecosystem.
The Algorand Foundation is set to leverage its 1 Billion Algo Ecosystem Fund to support the activation of Web3.0 developers around the globe – as part of this strategy, it will curate and organise a series of initiatives with Tribe that will be executed across 2022, such as:
- Learn and Earn - developers will have the opportunity to develop and build Web3 solutions on Algorand’s platform, learning how to use their decentralised technology while also earning cash rewards
- Hackathons - A number of Hackathons will be organised and held throughout 2022, challenging Web3 developers to solve problems and develop solutions on Algorand’s platform
- Resources and Support - Tribe and Algorand Foundation will create a resource hub that will contain a wide range of materials, curated curriculums and other resources for Web3 developers to share their experiences as well as address any feedback or challenges they face
“Developers are the backbone to any successful Layer1 DeFi strategy. The Algorand Foundation wants to ensure we are creating a developer centric ecosystem, and we believe that our partnership with Tribe will help support this goal as developers go on this journey with us,” Johanna Moran, Head of Dev Outreach Programs, Algorand Foundation.
“We are delighted to be working with Algorand Foundation to drive developer awareness and adoption of their technology” says Yi Ming Ng, CEO and Co-Founder of Tribe, adding “Our partnership with Algorand Foundation will go a long way towards furthering our aim of growing the Web3 developer ecosystem in Asia. Over the next 12 months, we look to engage around 15,000 developers and widen accessibility to Web3 to create more solutions that will lead to mass adoption and spur innovation in this space.”
Since its inception, Tribe has worked to expand the blockchain ecosystem in Asia through bridging the existing gaps in tech innovation, talent and education. With the focus of connecting startups and tech talents with leading opportunities, Tribe has driven various initiatives such as its Learn-and-Earn platform, to empower more Web2 and Web3 developers to learn the latest technologies and spur them to build innovative solutions.
With both Tribe and the Algorand Foundations’ commitment to bridge the gap between developer talent and the needs of the nascent Web3, this partnership will bring about exciting new opportunities and synergies. Developers in Tribe’s network and the various communities it works with, such as Angelhack, one of the world’s largest global developer ecosystems, will now gain access to support, expertise and resources from the Algorand ecosystem. Ultimately, this collaboration will engage a wider pool of Web2 developers in the region, support their leap into Web3, and fuel DeFi innovation in the space.
The Algorand Foundation works to create an open, public, and permissionless blockchain, forming an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and borderless economy. They regularly back organisations that support this aim through education, assistance and mentorship via their Ecosystem Fund, that helps teams and organisations that research or build secure and high-quality solutions for the Algorand ecosystem.
The programs will commence in June 2022. All events will be virtual owing to the decentralised and global nature of the developer community and are open to developers from APAC and around the world.
Interested developers can head over to the Learn-and-Earn platform and get early access with code “ALGOPILOT”, where they can start learning the latest developer technologies in Web2 and Web3. This will allow them to be better equipped to tackle the forthcoming initiatives that will be pushed by Algorand and Tribe in the coming months.
Tribe is Singapore’s first government supported blockchain ecosystem builder that connects startups and tech talents with leading opportunities. By working closely with organisations including blockchain protocols, corporates, governments, startups and developer communities, it strives to power the next wave of talents and companies' leap from Web2 to Web3. Some of Tribe's official partners include Enterprise Singapore, Pfizer, HSBC, Infineon Technologies, IMDA, BMW Group Asia, ConsenSys, IBM, Intel, Nielsen, PwC, R3, and Temasek amongst others. For more information, please visit https://tribex.co/.
About Algorand Foundation
The Algorand blockchain — designed by the MIT professor and Turing Award winning cryptographer Silvio Micali — is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves for the “blockchain trilemma” by achieving both security and scalability on a decentralised protocol, and without a second of downtime since it went live in 2019.
The Algorand Foundation is dedicated to helping fulfil the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralised governance, and healthy and prosperous open-source ecosystem. For more information, visit