AlgoExplorer

Dear #Algofam, the shutdown of AlgoExplorer is happening shortly. For those builders still using links to AlgoExplorer or our APIs please remember to change them as soon as possible to avoid disruptions. 🙏 Thank you ❤️

AlgoExplorer will be shutting down on the 31st January. This additional time will let @AlgoFoundation to change exchange links. We have always tried to do out best to bring the best UX and not just showing blocks and transactions. We wish the best for 2024.

We tried to give AF all the possibilities. To date, we have been operating under a budget of $65k per quarter from AF grant, despite being paid less than this in reality. AF was informed that maintaining AE for 2024 costs ~240k of which a significant portion goes to cover essential server costs. They rejected. We did offer AF full rights to the source code and infra so they or anyone else can run and maintain it, our only request was help paying part of the accumulated liabilities of RandLabs around ~$140k that we owe to server providers and unpaid salaries, 100% of these liabilities were generated because we were paid using the 30d avg of ALGO and because we have year-long contracts for servers as no one in their right mind would have expected AE to not be continued for next year. We didn't even get a response from them. Now, the community pushes us, but RandLabs needs to keep its assets as it goes through bankruptcy proceeding as third-party providers will want to cover accumulated liabilities. We invite the community to propose viable solutions, but it is completely impossible to cover AE costs with the number of users the network has. We would love to hear solutions from AF instead of blaming us.

Dear Algorand Community, It is with a heavy heart that we announce the shutdown of AlgoExplorer, a key component of the @Algorand ecosystem since its inception. AlgoExplorer has been an integral part of our journey, built alongside the Algorand blockchain since @silviomicali and his team launched the initial testnet. Unfortunately, the @AlgoFoundation's grant for 2023 which used the 30-day moving average of ALGO for billing, has proven insufficient due to the cryptocurrency's price decline throughout the year. This funding model has led to significant shortfalls in USD terms, impacting our ability to cover operational costs. Despite exhaustive efforts, including personal financial sacrifices from our team, we will be unable to sustain the project next year under these constraints. Our journey with AlgoExplorer has been one of relentless dedication. Throughout this year, we've had to make difficult decisions, including disabling features like NFT support, Login, advanced statistics, and redundant environments, in an attempt to manage costs. Despite these efforts, the downward pressure on ALGO and Foundation's payment policies have left us facing insurmountable liabilities. More concerning, however, has been our experience with the Algorand Foundation during this period. Despite our transparent communication regarding the financial hardships throughout the year and the critical role of AlgoExplorer in the ecosystem, the Foundation has not been forthcoming in addressing the shortfall. Their reluctance to assist in mitigating part of the deficit and liabilities incurred from the moving average pricing model has been disheartening. It appears that the Foundation's actions, or lack thereof, were oriented more towards ensuring the demise of our operations before the end of the 2023 contract, potentially to gain control over the code, rather than focusing on what would be most beneficial for the ecosystem as a whole. The decision to close AlgoExplorer is not one we take lightly. This tool, with its custom, high-performance indexers, has been more than a product; it's been the face of Algorand, serving all exchanges, developers, and users alike. Its loss will be profoundly felt across our ecosystem. As we prepare to sunset AlgoExplorer, we must, as a community, take this moment to critically assess the direction and decisions of the Board of the Algorand Foundation. Building a robust blockchain ecosystem requires an understanding and support of vital infrastructure and the community of builders. While the Foundation’s initiatives towards promoting inclusion, green sustainability, and exploring unconventional use cases are commendable, it is troubling that these efforts have overshadowed the fundamental goal of achieving product-market fit within the core cryptocurrency community. This shift in focus has led to an oversight of the critical role of sustaining essential tools and services, pivotal for the growth and stability of the Algorand network. Thank you for your support throughout this journey. As we move forward with the lessons learned, we want to leave you with some words from @bhorowitz on culture: “What you do is who you are.” Onwards, AlgoExplorer P.S: We want to thank Ryan Terriblini and @JohnAlanWoods as they continued trying to find solutions till the last minute ❤️

We are currently experiencing some inconsistencies with our Analytics Indexer. We are working on a solution and apologize for any inconvenience caused. We will announce via Twitter once our system is back on track .@algofoundation #algorand #algoexplorer $ALGO

New Reputation System is live! Previous “Neutral” and “Notable” levels have been unified into “Approved”. “Verified” projects remain untouched. If your project had a verification level previously, it has been migrated to the new system. Read more here: algoexplorer.io/reputation-s…

Big news! Our asset and app Reputation System will be receiving an overhaul very soon. Projects that currently have a verification status will migrate to the new system automatically. The submission process will not change after the migration. Stay tuned for more details!

Please note, there will be a planned infrastructure maintenance at 17:00 GMT today. You could see a very brief disruption in the NFT visualizer during this period.