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FIFA Moves Its NFT Platform To Its Own Blockchain Network

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The Fédération Internationale de Football Association (FIFA) continues to strengthen its position in the global market that will not destroy the token. In its recent move, the International Football Federation has moved invisible token collections from Algorand to an Ethereum Virtual Machine (EVM) -Compatible Blockchain Network. FIFA expects NFT users to improve performance and scalability.

FIFA has launched its own blockchain network

On an April 30 Site publicationThe Fédération Internationale de Football Association has confirmed plans to transfer invisible token collections to the new FIFA blockchain network. The new blockchain network is compatible with the Ethereum Virtual Machine (EVM) and is expected to offer improved performance, future features, and improved scalability. The move is set to occur on May 20, 2025.

FIFA entered the NFT market in 2022 with the launch of the digital collectibles platform, FIFA+ Collect, in collaboration with Algorand. In 2023, FIFA, the body of the body of international soccer competitions, announced the launch of an invisible token collection (NFT) in collaboration with the blockchain firm Modex. As a result, the FIFA+ platform conducted 11 NFT drops, mining 909,255 digital collectibles and attracting 16,448 holders.

From next month, the FIFA collect will move from Algorand Blockchain to the new FIFA blockchain. Existing FIFA -owned will collect NFTs will access their collectives on the new platform. FIFA promises FIFA+ to collect NFT users a more enhanced experience than ever before, with access to their digital collectib through their existing crypto wallet accounts.

FIFA + Collect the transfer of NFT explained

Based on the information shared on its website, the transfer process is free for all holders. However, the FIFA noted that any collectiv exports from the platform should be retired before May 20, 2025, to be integrated with the move. To facilitate this, the FIFA to collect the accounts temporarily allow the re-import function. Holders who do not re-import their items by deadline will need to contact customer support and may need to go through an additional verification process.

Moving FIFA to leave Algorand and create its EVM compatible with the blockchain network is a strategic step to position itself with a broader industrial trend as more projects embrace Ethereum standards to boost the scalability, interoperability, and adoption of the developer. FIFA appears to follow the trace of the injection, which recently launched EVM's native support. Since then, it has achieved high throughput and has enabled advanced features such as On-chain AI and Defi-Grade Defi.

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