The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22.FIFAs layer-1 (L1) blockchain will be powered by the Avalanche networks scalability-focused infrastructure for the associations five billion fans worldwide.The move comes nearly a month after FIFA announced its initial plans to launch a new network for its blockchain-based collectibles.
AvaClouds Ethereum Virtual Machine (EVM) compatibility will enable smoother integration with decentralized wallets and applications.Related: Bitcoin hits new all-time high of $109K as trade war tensions easeThe move will enable FIFA to deliver unique digital collectibles and immersive fan experiences, powered by the speed, scalability, and EVM compatibility, according to Francesco Abbate, CEO of Modex and FIFA Collect.The decision was based on a rigorous analysis of key factors including performance, security, transaction fees, customizability, and scalability, Abbate stated in a May 22 announcement shared with Cointelegraph.Related: Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028As part of the rollout, FIFA will migrate its NFT marketplace and NFT collection, FIFA Collect, to the new Avalanche-powered FIFA Blockchain.FIFA added that future plans and business cases are planned but not yet publicly disclosed.Following the migration, external Algorand-based wallets such as Pera and Defly will no longer be supported.
Instead, users will be able to connect to FIFA Collect via MetaMask or other EVM wallets that support WalletConnect.FIFA launched its NFT collection ahead of the 2023 Club World Cup in Saudi Arabia in collaboration with blockchain firm Modex.Source: EntertheMythosIn November 2024, FIFA partnered with blockchain gaming studio Mythical Games to launch FIFA Rivals, a free-to-play soccer game for iOS and Android.Magazine: Bitcoin $100K hopes on ice, SBFs mysterious prison move: Hodlers Digest, April 20 26