4 hours ago
FIFA is migrating its NFT marketplace and postulation to a caller Avalanche-powered layer-1 blockchain built for integer instrumentality experiences.
The Federation Internationale de Football Association (FIFA) has selected Avalanche to powerfulness its dedicated blockchain web for non-fungible tokens and integer instrumentality engagement, the enactment announced connected May 22.
FIFA’s layer-1 (L1) blockchain volition beryllium powered by the Avalanche network’s scalability-focused infrastructure for the association’s 5 cardinal fans worldwide.
The determination comes astir a period aft FIFA announced its archetypal plans to motorboat a caller web for its blockchain-based collectibles. AvaCloud’s Ethereum Virtual Machine (EVM) compatibility volition alteration smoother integration with decentralized wallets and applications.
Related: Bitcoin hits caller all-time precocious of $109K arsenic commercialized warfare tensions ease
The determination volition alteration FIFA to present “unique integer collectibles and immersive instrumentality experiences, powered by the speed, scalability, and EVM compatibility,” according to Francesco Abbate, CEO of Modex and FIFA Collect.
“The determination was based connected a rigorous investigation of cardinal factors including performance, security, transaction fees, customizability, and scalability,” Abbate stated successful a May 22 announcement shared with Cointelegraph.
Related: Bitcoin volatility lowest successful 563 days, Hayes predicts $1M BTC by 2028
FIFA Collect begins migration to Avalanche
As portion of the rollout, FIFA volition migrate its NFT marketplace and NFT collection, FIFA Collect, to the caller Avalanche-powered FIFA Blockchain.
FIFA added that “future plans and concern cases are planned but not yet publically disclosed.”
Following the migration, outer Algorand-based wallets specified arsenic Pera and Defly volition nary longer beryllium supported. Instead, users volition beryllium capable to link to FIFA Collect via MetaMask oregon different EVM wallets that enactment WalletConnect.
FIFA launched its NFT postulation up of the 2023 Club World Cup successful Saudi Arabia successful collaboration with blockchain steadfast Modex.
Source: EntertheMythosIn November 2024, FIFA partnered with blockchain gaming workplace Mythical Games to motorboat FIFA Rivals, a free-to-play shot crippled for iOS and Android.
Magazine: Bitcoin $100K hopes connected ice, SBF’s mysterious situation move: Hodler’s Digest, April 20 – 26
English (US) 