The post Football Governing Body FIFA to Launch New Digital Collectibles on Algorand and Polygon appeared on BitcoinEthereumNews.com.

 Key takeaways FIFA+ Connect is launching 1000 NFTs spread across Polygon and Algorand to commemorate the FIFA Club World Cup this December A FIFA representative stated that the organization “remains vigilant on the progress” of its partnered chains as it seeks to expand its Web3 presence Price action for both ALGO and MATIC has dropped in the past 24 hours in a move that is in confluence with wider market trends Commemorative NFT collection for the FIFA Club World Cup will launch on two chains as FIFA aims to expand its Web3 presence Polygon (MATIC) has been selected by FIFA to launch a dual-chain NFT collection during the Club World Cup this year. In 2022, the global governing body of football had launched a digital collectibles platform on Algorand (ALGO) called FIFA+ Collect. The latest set of NFTs from the platform will now be launched on both Algorand and Polygon. The new NFTs will come with variable rarity. The most rare items, numbering 100 NFTs out of the collection’s 1000 total, will be launched on Algorand via the FIFA+ Collect platform itself. The remaining 900 items will be launched via Opensea on the Polygon blockchain. A FIFA spokesperson clarified that the organization intended to “expand” its Web3 operations out of Algorand and into the Ethereum ecosystem with Polygon. As reported by Decrypt, FIFA’s representative stated: “In the future, we will make any choice always having in mind the interest of existing and future users, making any technological choices as a way to serve them in the best possible way. In this sense we remain vigilant on the progress of the existing chains and community, and today we are very glad that Polygon is partnering with us on this.” More on the NFT collection FIFA Club World Cup kicked off on…

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Filed under: News - @ December 13, 2023 2:22 pm