FIFA To Launch New NFT Platform In Partnership With Algorand
FIFA, the global governing body of soccer, is launching a new NFT collectibles platform with the highly anticipated World Cup just around the corner. The new platform will be launched on Algorand, continuing an existing partnership between the two parties. Let’s take a look at what we know from initial announcements that have been released […]
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The international soccer governing body, FIFA, has announced the upcoming launch of an NFT platform for fans of the sport across the globe. FIFA+ Collect will offer digital collectibles perpetuating the greatest game moments of FIFA’s world cups, the organization promised.
FIFA Develops NFT Platform in Partnership With Blockchain Firm Algorand
The International Federation of Association Football (FIFA) is preparing to open its new platform for non-fungible tokens (NFTs) later this month. At the start, FIFA+ Collect will release a range of initial collections of tokens and....
The proof-of-stake blockchain will assist FIFA in developing a “digital assets’ strategy” along with providing an official “wallet solution”. Blockchain network Algorand (ALGO) has partnered with FIFA inking a sponsorship and technical partner deal as the network becomes the soccer association’s first official blockchain platform.The deal announced on Monday, May 2 will also see Algorand become a regional supporter in North America and Europe for the 2022 FIFA World Cup to be held in Qatar in November and December.BREAKING: @FIFAcom has announced #Algorand will become the official....
Decentralized finance (DeFi) platform Algorand has been announced as the official blockchain partner of Fifa.com. It now joins the long list of sports partnerships that have been rocking the crypto space for a while now. It puts Algorand at the forefront of the largest football association in the world, not only promoting the token to […]
ALGO price struggles to clear technical resistance despite the ongoing Algorand-FIFA partnership hype. Algorand (ALGO) prices rallied higher on May 3 after becoming FIFA's official blockchain solution provider. Nonetheless, the ALGO/USD pair continues to face selloff risks.High-profile partnershipALGO's price jumped 20% to $0.74, its highest level since April 22. Its move upside came as a part of a broader rebound that started April 30, gaining 37.5% in just three days of trading.ALGO/USD daily price chart. Source: TradingViewAs visible in the chart above, a large portion of the ALGO's....
Algorand and pNetwork have announced a partnership that will bring more connectivity to the Algorand ecosystem with an external network. The partners will launch a cross-chain bridge with major platforms across the crypto industry. To achieve their objective, the Algorand Foundation gave pNetwork a grant to create a bridge powered by its platform. Thus, Algorand […]