The Energy-Efficient Blockchain Algorand Parther With LimeWire

LimeWire stated that it chose Algorand as the system's foundation since it is an energy-efficient and carbon-negative blockchain. Unlike Bitcoin and Ethereum, Algorand does not use the energy-intensive Proof-of-Work mining process. Instead, Algorand uses Proof-of-Stake, a low-energy consensus approach.

LimeWire, unlike Algorand's other NFT businesses, has a distinct brand. It remains to be seen whether LimeWire's marketplace will capture a major portion of OpenSea's volume. Over the course of 2021, OpenSea reported $14 billion in trade activity, considerably exceeding any competition.
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Algorand is already home to several NFT and digital art marketplaces, including ZestBloom, Artsquare, Aorist, Abrist, Dartroom, Republic, AlgoGems, Blocsport, Asolp, and Mintdrops.