FIFA launches digital asset project on Algorand ahead of World Cup

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FIFA launches digital asset project on Algorand ahead of World Cup
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ICYMI: FIFA launches digital World Cup collectibles project on Algorand

) are Ethereum and Solana. Trade volume peaked at $1.64 billion for Ethereum in May and $163.9 million for Solana in Aug. 2021, according to The Block’s data dashboard.When FIFA secured a partnership with Algorand in May, the blockchain’s native token ALGO spiked,. In that partnership, Algorand would help FIFA launch a digital wallet and other blockchain-based projects, and FIFA would boost Algorand's global presence.

FIFA announced that it exceeded its target revenue goal of $6.44 billion across 2019 to 2022 and earned $766 million in 2021, according to FIFA’s 2021© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime.

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