Fifawill be held in Qatar 2022 World Cup started choosing crypto and blockchain partners for In the new statement from the institution, the blockchain platform within the sponsorship and technical cooperation agreement Algorand announced the establishment of a partnership with
This agreement means that Algorand will become FIFA’s official blockchain platform and Official wallet solution with blockchain support means it will. According to the sponsorship agreement, Algorand is the regional organizer of the Qatar 2022 FIFA World Cup for North America and Europe and will be held in Australia and New Zealand. 2023 FIFA Women’s World Cupwill be its official sponsor.
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Blockchain partnership between FIFA and Algorand (ALGO)
Blockchain platform Algorand, FIFA and became the official blockchain sponsor of the 2022 World Cup. Under the deal, Algorand will assist FIFA in developing its digital asset strategy. It will also sponsor FIFA’s 2022 World Cup, including advertising, media presence and promotional opportunities.
FIFA President Gianni Infantino, said that they are working to make football truly global and are constantly looking for innovative channels. The statement from Infantino about the cooperation was as follows:
“We are delighted to announce this collaboration with Algorand, a clear testament to FIFA’s commitment to continually seek innovative channels for sustainable revenue growth to reinvest them in football and ensure transparency.”
According to the statement, FIFA, with Algorand solutions cryptocurrency strategy will create. The football association has very recently established its own NFT collection It also plans to present
With the announcement of the agreement, there was activity in ALGO, the crypto currency of the Algorand network. According to CoinMarketCap data ALGO price It has increased by more than 20 percent in the last 24 hours. ALGO, which was at $0.59 on Monday, after the deal up to $0.73 It rose higher and managed to break the resistance at the $0.60 level. As of the time of writing around $0.66 watching.
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