FIFA NFTs Leaves Algorand for Proprietary Blockchain

FIFA is cutting ties with Algorand as it prepares to migrate its digital collectibles platform, FIFA Collect, to its own Ethereum Virtual Machine (EVM)-compatible blockchain.  The move marks a significant shift in the organization’s Web3 strategy and will begin no sooner than May 20. FIFA Collect Moves to Its Own Blockchain FIFA Collect, launched in 2022 ahead of the World Cup, originally minted its soccer-themed NFTs on Algorand, a proof-of-stake blockchain that was also named FIFA’s official blockchain partner at the time.  However, the platform will soon operate on a proprietary EVM-compatible network known as the “FIFA Blockchain.” “The

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