The post FIFA Pursues Multi-Chain NFT Strategy with Polygon (MATIC) & Algorand (ALGO) appeared on BitcoinEthereumNews.com.

Global football authority FIFA is pursuing a dual-blockchain strategy for its latest NFT drop commemorating the 2022 FIFA Club World Cup in Qatar. The organization plans to leverage both Polygon and its existing partner Algorand to maximize reach. Keypoints FIFA is launching a collection of 1000 NFTs to commemorate the 2022 FIFA Club World Cup, with 100 rare NFTs on Algorand and 900 on Polygon The NFT drop is part of FIFA’s efforts to expand its presence in web3 while serving its existing community on Algorand The rare Algorand NFTs will offer holders the chance to win tickets to the 2026 FIFA World Cup Finals Polygon was chosen to reach a wider audience on Ethereum, but FIFA stated it remains committed to Algorand as well Both Algorand (ALGO) and Polygon (MATIC) have seen falling prices over the last 24 hours amid a broader crypto market downturn On December 15th, FIFA will drop 100 “rare collectible” NFTs on Algorand’s FIFA+ Collect platform, its dedicated NFT marketplace launched earlier this year. These rare pieces will provide holders the opportunity to win tickets to the 2026 FIFA World Cup Finals, creating immense demand. The remaining 900 NFTs from the collection will drop on Polygon four days later via OpenSea, the largest NFT marketplace on Ethereum. These will provide digital memorabilia for collectors without the same level of exclusivity. By tapping Polygon, FIFA hopes to bring its NFTs to a wider audience familiar with Ethereum’s ecosystem. We want to ensure that everyone clearly understood yesterday’s announcement???? Two new drops were announced ✌️ 1⃣st drop????Dec 15th, 2023, via the FIFA+ Connect platform on the Algorand network – 100 Collectibles &2⃣nd drop???? Dec 19th, 2023, via OpenSea on the Polygon network — FIFAPlusCollect (@FIFAPlusCollect) December 12, 2023 FIFA said the dual-chain approach aligns with its focus…

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Filed under: News - @ December 14, 2023 6:10 am