Algorand launches x402 Challenge with $100K and 500K ALGO prize pool
- —Prize pool: $100,000 and 500,000 ALGO tokens
- —The x402 protocol lets users pay for API requests directly via HTTP 402
- —Average fee on the Algorand network is under $0.001, with finality in up to 5 seconds
- —ALGO trades at $0.0906, down 7.4% over 24 hours
Why it matters: The contest could accelerate on-chain activity and demand for ALGO as a utility token for micropayments and agentic commerce.
Source: Blockchain.News