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暗号通貨のニュース記事

FIFA Launches Its Own Blockchain Network to Migrate NFT Collections From Algorand

2025/05/01 00:16

FIFA Launches Its Own Blockchain Network to Migrate NFT Collections From Algorand

The Fédération Internationale de Football Association (FIFA) is continuing to solidify its position in the global non-fungible token market. In its recent move, the international football federation has decided to move its non-fungible token collections from Algorand to an Ethereum Virtual Machine (EVM)-compatible blockchain network.

FIFA Anticipates Offering Its NFT Users Improved Performance And Scalability

In an April 30 site publication, the Fédération Internationale de Football Association confirmed plans to migrate its non-fungible token collections to its new FIFA blockchain network. The new blockchain network is compatible with Ethereum Virtual Machine (EVM) and is expected to offer enhanced performance, future features, and improved scalability. The move is set to happen on 20 May 2025.

FIFA entered the NFT market in 2022 with the launch of its digital collectibles platform, FIFA+ Collect, in partnership with Algorand. In 2023, FIFA, the governing body of international soccer competitions, announced the launch of a non-fungible token (NFT) collection in collaboration with blockchain firm Modex. Since its inception, the FIFA+ Collect platform has conducted 11 NFT drops, minting 909,255 digital collectibles and attracting 16,448 holders.

From next month, FIFA Collect will migrate from the Algorand blockchain to the new FIFA Blockchain. Existing owners of FIFA Collect NFTs will be able to access their collectibles on the new platform. FIFA has promised its FIFA+ Collect NFT users a more enhanced experience than before, with access to their digital collectibles through their existing crypto wallet accounts.

FIFA + Collect NFT Migration Explained

Based on information shared on its website, the migration process will be free of charge for all collectible holders. However, FIFA noted that any collectibles exported from the platform must be reimported before 20 May 2025, to be included in the migration. To facilitate this, the FIFA Collect accounts will temporarily allow re-import functionality. Holders who fail to re-import their items by the deadline will need to contact customer support and may have to go through an additional verification process.

FIFA’s move to abandon Algorand and create its EVM-compatible blockchain network is a strategic step to position itself with a broader industry trend as more projects embrace Ethereum standards to boost scalability, interoperability, and developer adoption. FIFA appears to follow the footprint of Injective, which recently launched native EVM support. Since then, it has achieved high throughput and enabled advanced features like on-chain AI and institutional-grade DeFi.

オリジナルソース:insidebitcoins

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