FIFA Set to Launch EVM-Compatible Blockchain

The Fédération Internationale de Football Association (FIFA) has announced plans to launch a new blockchain network, the FIFA Blockchain. According to the announcement , this new system will be compatible with the Ethereum Virtual Machine (EVM) chain. FIFA to Support New Experiences With Its Blockchain This move represents a change in FIFA’s approach to Web3. It focuses on improving user experience, allowing different systems to work together, and ensuring long-term growth. Notably, FIFA plans to move its NFT assets to a new decentralized network, including the main collection FIFA Collect. This transition will start no earlier than May 20 and involve moving away from the current platforms like Algorand and Polygon. Intriguingly, FIFA Collect is moving to the FIFA Blockchain. This new platform will be the official space for FIFA’s digital collectibles focused on fans. The migration to an EVM-compatible chain ensures compatibility with popular Web3 wallets and decentralized applications. As such, this change will make it easier for users worldwide to access and use the platform. It is also worth noting that FIFA can use EVM architecture to take advantage of Ethereum’s large infrastructure while keeping control over its blockchain. This compatibility allows for future partnerships, smart contract integrations, and new ways for fans to engage. FIFA Plans to Launch Its Cryptocurrency Recently, FIFA considered creating its cryptocurrency . President Gianni Infantino expressed FIFA’s interest in developing a digital token that could connect with billions of soccer fans worldwide. This shows that FIFA is interested in using blockchain technology to connect better with fans. President Donald Trump embraces the idea, saying the FIFA coin could become valuable. His comment also highlighted how digital assets could impact sports and other industries. The token could allow fans to buy tickets, merchandise, and exclusive content, making transactions easier before the 2026 World Cup in the U.S., Canada, and Mexico. However, FIFA has not yet shared the full details of the project. FIFA’s Growing Interest in Crypto and Blockchain Initiatives Over the years, FIFA has partnered with crypto initiatives and leveraged blockchain platforms to connect with fans and improve its operations. In 2022, the organization created its first Non-Fungible Tokens collection , dubbed FIFA + Collect. The collection utilizes the Algorand blockchain technology, the official organization’s blockchain platform . Last year, the world’s biggest soccer organization announced a partnership with Mythical Games to develop “FIFA Rivals,” a free mobile soccer game that uses blockchain technology. The game will launch later in 2025 and let players create and manage teams while owning unique digital items. The post FIFA Set to Launch EVM-Compatible Blockchain appeared first on TheCoinrise.com .

Source: The Coin Rise