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Algorand Foundation launches Global x402 Challenge with 100,000 USD and 500,000 ALGO in prizes

Covered by 2 sources

The Algorand Foundation launched the Global x402 Challenge, a developer competition for building APIs that AI agents can pay for using the x402 protocol. The prize pool totals 100,000 USD and 500,000 ALGO. Registration closes on September 1, 2026.

The x402 protocol embeds payment logic into HTTP requests so that AI agents can pay for individual API calls directly. Prizes are awarded based on usage and leaderboard placement.

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Andrew Funk presents the Falcon post-quantum signature scheme and its TypeScript implementation at WeAreDevelopers 2026

Andrew Funk, Integrations Lead at the Algorand Foundation, explains the Falcon post-quantum signature scheme and its implementation in TypeScript. The presentation covers how to use a lightweight library to sign and verify data to protect against quantum computing threats and discusses the concept of cryptographic agility for easier algorithm transitions.

Covered by 2 sources

Developer
Over 1,500 x402 endpoints deployed for the Global x402 Challenge on Algorand

More than 1,500 x402 endpoints have been deployed on the Algorand blockchain as part of the Global x402 Challenge. The announcement recognizes participants including CompXlabs, Matt Brigida, and Agent Mesh.

Covered by 2 sources

Developer
x402 standard for AI agent payments added to Algorand Mainnet in February

x402 is a standard that allows AI agents to pay for resources over the web using the HTTP 402 'Payment Required' code. The standard was added to the Algorand Mainnet in February to facilitate high-frequency, sub-cent transactions with instant finality. The Foundation is also hosting a Global x402 Challenge with a prize pool of $100,000 and 500,000 ALGO.