Picture1 3

In a bid to bring football closer to fans, the world football governing body, FIFA, has announced its plans to launch a decentralized platform prelude to the upcoming FIFA World Cup and FIFA Women’s World Cup. The proposed NFT platform, FIFA+ Collect, will be launched later this month and powered by Algorand, allowing fans worldwide to connect with their favorite players, teams, and moments in the upcoming event scheduled for Qatar.

Collaborating with Algorand, FIFA’s official blockchain platform, the launch will come with various features, especially language editions. Currently, three language variations are available: English, Spanish, and French. Also, FIFA+ Collect will be compatible with all mobile and web devices. 

FIFA+ Collect

FIFA+ Collect is a new platform where all football fans worldwide can own and collect iconic football moments portrayed as digital collectibles. These collectibles will depict various moments in the upcoming events, including goal scoring, skillful displays, goalkeeping, tackling, and celebrations. 

While FIFA seeks to offer football fans the best experience possible in world football, the platform is designed to be fan-oriented, affordable, inclusive, and easily accessible. This way, fans can feel more connected to their favorite players and teams, happy, emotional, and perhaps, unhappy moments in the FIFA World Cup and FIFA Women’s World Cup – which are in months’ time to come.

“This exciting announcement makes FIFA collectibles available to any football fan … democratizing the ability to own a part of the world cup,” said Romy Gai, FIFA Chief Business Officer. “Just like sports memorabilia and stickers, this is an accessible opportunity for fans around the world to engage their favorite players, moments, and more on new platforms.”

FIFA is excited to launch the new platform on FIFA+, a free world-class digital platform where fans can access the best information on world football, including past and current documentaries, engaging original content, as well as live games around the world. Launched in April 2022, FIFA+ confirms FIFA’s plans to develop a truly global and inclusive world of football

Algorand

Picture2 4
Algorand is a proof-of-stake crypto protocol designed to solve the blockchain trilemma. Image Source: Algorand

In 2017, Algorand was founded by an MIT professor, Silvio Micali, as crypto and blockchain-based platform where financial transactions can be initiated and settled seamlessly. Users can enjoy all benefits of decentralized networks without interruption through the platform. 

Algorand is the combination of a company and a foundation. While the company is the most perceived, the foundation oversees the general growth, funding, research processes, governance, and decentralization procedures concerning the Algorand network. Also, Algorand is designed to create a world where everyone creates and exchanges value efficiently, transparently, and securely. This way, the platform builds global trust through decentralization, feasible tech processes, and adoptable blockchain designs.

The decentralized platform uses a proof-of-stake (PoS) operational procedure and rewards its users who are in possession of its native cryptocurrency – ALGO. In response to high gas fees on popular networks like Ethereum, Algorand is designed to host dApp and DeFi operations while ensuring scalability.

The Blockchain Trilemma also contributed to the creation of Algorand. Over time, it has been established that a well-designed decentralized network will be able to provide – at most – two of three advantages of decentralized networks simultaneously. The popular belief is that public blockchains can offer just two out of decentralizationsecurity, and scalability, and not the three at the same time.

FIFA & Algorand Partnership

FIFA announced that its NFT platform is powered by Algorand, the preferred tech protocol for over 2,000 global organizations, governments, and digital-based financial applications. 

Picture3 2
FIFA partners with Algorand, a functional blockchain platform, concerning the launch of FIFA+ Collect. Image Source: Britainnewstime

In his remark, Mr. Gai, FIFA’s Chief Business Officer, explained that the launch will put fans in total control of their collections, describing it as a way of democratizing their ability to own their part of the feelings, thrills, and emotions attached to world cup events. 

“FIFA’s platform – via a truly decentralized and scalable public blockchain – is the first tangible representation of the technical partnership recently announced between FIFA and Algorand. The commitment FIFA has made to bridge to Web3 enabled by Algorand, is a testament to their innovative spirit and desire to directly and seamlessly engage with football fans around the world,” said Algorand’s interim CEO, W. Sean Ford.

What is FIFA?

FIFA algorand nfts gID 1
The world football governing body. image source: FIFA

Fédération Internationale de Football Association (FIFA), translated as International Federation of Association Football, is the world’s football governing body established to oversee international competition among nations of the world. The association has its headquarters in Zurich, Switzerland, and over 200 member national associations, with the recent suspension of Russia.

FIFA handles several activities relating to world football, such as organizing and promoting international competitions. While maintaining fair gameplay in all events as well as integrity, it is tasked with ensuring that its events are accessible to everyone. FIFA’s most popular events are the World Cup and Women’s World Cup.

Any investment/financial opinions expressed by Play to Earn Diary are not recommendations. Our content is for educational purposes only. If you plan to invest in any game or cryptocurrency then please do your own research and only spend what you can afford to lose.

This site contains affiliate links. We may receive a commission for transactions made through these links.

Trade Bitcoin With Paxful

Join the leading peer-to-peer platform to buy and sell Bitcoin using 350+ payment methods!

Related posts