FIFA To Launch NFT Platform In Collaboration With Algorand

FIFA To Launch NFT Platform In Collaboration With Algorand

With the 2022 World Cup few months far, FIFA, soccer’s global governing body, has announced it will launch an NFT platform for soccer-themed digital collectibles.

The platform, FIFA+ Collect, is set to launch later this month, and will feature “affordable, inclusive, and accessible” NFTs that depict notable soccer moments, art, and imagery, according to FIFA. As the World Cup—set to take place in Qatar in late November—unfolds, moments from the marquee global soccer tournament may also be converted into digital collectibles.

FIFA+ Collect will run on the Algorand blockchain, a proof-of-stake Ethereum and Solana alternative developed by MIT professor Silvio Micali. In May, Algorand became FIFA’s official blockchain partner.

“Just like sports memorabilia and stickers, this is an accessible opportunity for fans around the world to engage with their favourite players, moments and more on new platforms,” said FIFA’s.

Algorand made headlines earlier this year for acquiring digital music sharing service Napster, and for partnering with LimeWire. Algorand won’t be the only crypto presence in Doha.

More information on what collections will be included in FIFA+ Collect’s launch will be released soon, as well as teasers of what types of NFTs will be rolled out over the course of the World Cup. The NFT platform will live on FIFA+, the organization’s platform for live soccer games, news, games, and original content.

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