FIFA Shifts NFT Assets to Its Own Built Blockchain Infrastructure
Hop on our Telegram channel for the latest news on breaking sports coverage
FIFA's dominance in the global NFT market continues, as they shift their non-fungible token collections from Algorand to an Ethereum Virtual Machine (EVM)-compatible blockchain network. This strategic move is aimed at delivering improved performance and scalability for NFT users.
FIFA Goes Solo with Blockchain Network
In a recent announcement, the influential football governing body, FIFA, revealed plans to transition its NFT collections to their own FIFA blockchain network, which is compatible with Ethereum Virtual Machine (EVM). This shift is slated for May 20, 2025, and is intended to offer heightened performance, advanced features, and improved scalability.
🚨FIFA Launches Proprietary EVM Blockchain 🔥 [Link to Tweet]
FIFA's foray into the NFT market began in 2022 with the launch of FIFA+ Collect––a digital collectibles platform in partnership with Algorand. In 2023, FIFA announced a collaboration with blockchain firm Modex to release an NFT collection. Since its inception, FIFA+ Collect has conducted 11 NFT drops, minting 909,255 digital collectibles and attracting 16,448 holders.
Starting next month, FIFA Collect will move from the Algorand blockchain to the new FIFA Blockchain. Existing FIFA Collect NFT owners can access their digital collectibles on the new platform with their existing crypto wallets. FIFA promises its FIFA+ Collect NFT users an upgraded experience compared to before.
FIFA + Collect NFT Migration: A Step-by-Step Guide
According to information posted on FIFA's website, the migration process will be free of charge for all collectible holders. However, any collectibles exported from the platform must be reimported before May 20, 2025, to be automatically transferred. To facilitate this, FIFA Collect accounts will temporarily enable re-import functionality. Holders who fail to re-import their items by the deadline will need to reach out to customer support, and might face additional verification measures.
FIFA's decision to abandon Algorand and create an EVM-compatible blockchain network is a smart move that aligns with the broader industry trend. As more projects embrace Ethereum standards to boost scalability, interoperability, and developer adoption, FIFA seems to follow in the footsteps of Injective, which recently introduced native EVM support. This change facilitated higher throughput and enabled advanced features like on-chain AI and institution-grade DeFi.
NFT News Highlights:
- April 2025 NFT Sales Plummet 40% from March
- "Pudgy Penguins" Set Sights on Walrus as On-chain Storage Solution for Stickers & GIFs
- Top Selling NFTs During the Last Week of April: Penguins Rule the Roost
Best Wallet - Diversify Your Crypto Portfolio
🔥 Our Rating ✨
- intuitive and feature-rich crypto wallet
- jumpstart access to upcoming token ICOs
- multi-chain, multi-wallet, non-custodial system
- available on App Store, Google Play
- earn native token $BEST by staking
- 250,000+ monthly active users
Get It Now 🎉 💼🔐Join our Telegram channel for the latest news on breaking sports coverage
- In a strategic shift, FIFA is migrating its NFT collections from Algorand to an Ethereum Virtual Machine (EVM)-compatible blockchain network, aiming for improved performance and scalability for users.
- The upcoming FIFA blockchain network, slated for May 20, 2025, is expected to offer heightened performance, advanced features, and improved scalability compared to FIFA+'s current platform.
- Existing FIFA+ Collect NFT owners can access their digital collectibles on the new platform using their existing crypto wallets, with a free migration process.
- As FIFA joins other projects moving towards Ethereum standards, this change is expected to enhance interoperability, scalability, and developer adoption in the NFT market, following trends set by projects like Injective.
