The Algorand blockchain is scalable, decentralized, and one of the safest networks in the industry. It is extremely tough for a blockchain network to achieve scalability and complete decentralization without compromising the security of the network. Algorand has achieved that goal. Therefore, it has become a popular alternative to old blockchains. This network uses randomness to resolve the blockchain trilemma. Its proof of stake algorithm helps in achieving greater scalability. The ALGO Token acts as the native crypto asset. Users buy and hold this token to get staking rewards and it is also used for paying transaction fees. As per reports, the NFT trading activity on the Algorand network is increasing continuously. The “AB Infinite 1” NFT was built on the Algorand network and it was recently sold for £151,200.