FIFA taps Avalanche to launch dedicated blockchain for NFT platform

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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 2028FIFA Collect begins migration to AvalancheAs 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.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United StatesFranceSaudi Arabia

Topics: Collection Wallets Avalanche Marketplace Collect Avalanche-powered Digital Experiences Fifa Layer-1 Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 11:52:12 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28904400

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