JUST IN! FIFA Announces Collaboration with a Surprise Altcoin!

FIFA, the governing body of international football, is collaborating with Avalanche (AVAX) to create its own blockchain. This announcement is not FIFA’s first foray into the world of blockchain and cryptocurrency. FIFA has released a nonfungible token (NFT) collection on the Algorand blockchain ahead of the Qatar World Cup in 2022. FIFA announced in April that it would continue to pursue its Web3 initiatives but would be leaving Algorand and moving its collection to a new FIFA-based blockchain. Now in the statement it was stated that this chain is Avalanche. John Nahas, chief operating officer of Ava Labs, said: “Avalanche is designed for businesses and organizations looking to build custom, high-performance blockchain solutions. “The decision to launch FIFA’s L1 on Avalanche is a testament to our technology’s ability to support global-scale applications with speed, flexibility and security. FIFA is a world-famous brand and league. Avalanche provides the infrastructure and scale to evaluate its global audience, fan base and business goals on its own terms, and expand with assets, applications and use cases as it grows.” While FIFA currently only has a World Cup NFT collection and a digital collectibles marketplace, it has not shared what other projects it plans to release on its new blockchain. *This is not investment advice. Continue Reading: JUST IN! FIFA Announces Collaboration with a Surprise Altcoin!

Source: BitcoinSistemi