FIFA plans to have your own blockchain to migrate your football NFT

By Hannah Pérez

The World Football Organization will have its own Blockchain network compatible with Ethereum; He plans to migrate his sports NFT collections to the new chain.

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• FIFA reveals that it will soon have its own Blockchain network compatible with EVM.
• It will serve for the new infrastructure of the NFT platform, FIFA Collect.
• The organization plans to leave Algorand and Polygon and migrate its NFT to the new network.

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The International Football Federation Association, better known by its acronym as FIFA, is planning to launch its own network Blockchain to migrate your non -fungible tokens collections (NFT).

In an update, the world football agency revealed its intention to launch a new block chain that will be compatible with Ethereum And wait to provide an improved experience to soccer fans collectors of their NFT.

“As FIFA Collect evolves, we are migrating the platform to FIFA Blockchain, a compatible EVM Blockchain“detail an entrance to your website. “This update will admit better performance, future characteristics and improved scalability. Below you find answers to key questions about migration“

FIFA, in charge of international competitions and football regulation globally, launched its NFT platform in September 2022. called FIFA COLLECTthe initiative seeks to immortalize moments of the World Cup tournaments in the chain. Initially built in alliance with Algorandthe platform expanded to Polygon A year later.

The organization plans to update the infrastructure of its NFT platform to replace Algorand and Polygon For a new Network compatible with EVM, as reported in a question and answers section.

Change intends to “Support new experiences, allow wallet compatibility and provide stronger bases for future innovations”, As indicated.

The migration of NFT collections will be carried out “Not before“May 20, said FIFA, added that she will confirm the exact date later. MetamSk For your NFT, abandoning native storage options Algorand. He said he will provide instructions for NFT holders soon.

“At this stage, immediate action is not required. When the migration process begins, we will provide clear instructions and step by step on what (if any)“, Reads in the ad.

Since its creation, the platform FIFA+ Collect He has facilitated dozens of NFT launches with several football brands, with 909,255 collectibles coined and more than 16 thousand holders, according to an earlier report from Cointelegraph.

The entertainment giant Sony launched its own network Blockchain layer 2 (L2) in January as more brands and businesses worldwide are interested in technology. The sports industry has embraced advances such as web3, digital assets and metaverso as part of a broader effort to provide new and more profitable fans.

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Hannah Estefanía Pérez / Diariobitcoin

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