FIFA tap avalanche to launch a blockchain dedicated to NFT platform

The Federation International Day Football Association (FIFA) has selected an avalanche to provide electricity to the non-fangbal token and digital fan engagement for its dedicated blockchain network, the organization announced on 22 May.

FIFA’s layer -1 (L1) blockchain will be powered by the scalability -focused infrastructure of the avalanche network for five billion fans of the association worldwide.

This step comes after about a month FIFA announced this Initial plan to launch a new network for your blockchain-based collection. Avacloud’s Ethereum Virtual Machine (EVM) compatibility will enable smooth integration with decentralized wallets and applications.

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According to Francesco Abate, CEO of Modex and FIFA Collect, the step will enable FIFA to distribute “unique digital collective and immersive fan experiences” unique digital collectable and immersion fan experiences to “unique digital collective and immersive fan experiences.

“Decision was based on the rigorous analysis of major factors including performance, safety, transaction fees, adaptability and scalability,” Abet said in the May 22 announcement.

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FIFA collecting begins migration for avalanche

As part of the rollout, FIFA will migrate its NFT Marketplace and NFT Collection, FIFA Collect in the new avalanche-managed FIFA blockchain.

FIFA said that “future plans and business matters have been planned, but have not yet been disclosed publicly.”

After migration, the outer algorand-based wallets such as Pera and Difley will not be supported. Instead, users will be able to collect FIFA via Metamaska ​​or other EVM wallets that support Wallecanect.

FIFA launched its NFT collection ahead of 2023 Club World Cup in Saudi Arabia in collaboration with blockchain firm Modex.

Cryptocurrency, football, investment, virtual property, sports, crypto collective, scalability, atherium 2.0, web 3, cryptocurrency investment, fan token
Source: Enrterthemythos

In November 2024, FIFA participated with the blockchain gaming studio mythical games to launch FIFA rivals a free-to-play football game for iOS and Android.

https://www.youtube.com/watch?v=sumysrjvzm

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