FIFA to adopts blockchain technology for its FIFA Connect platform, specifically opting for an EVM-compatible chain to enhance security and efficiency.
Get ready, FIFA Collect enthusiasts! FIFA's official digital collectibles platform is gearing up for a significant update. They're planning to migrate to a new EVM-compatible blockchain, leaving Algorand behind.
This move, slated to start no sooner than May 20, 2025, will give the platform a performance boost, improve scalability, and open doors for future innovations. Don't worry — you'll still have access to your digital assets post-migration by logging into your account.
Post-upgrade, expect some cool new features and wallet compatibility improvements. But for now, there's no need to take any action. Just remember to reimport any collectibles you previously exported before May 20, or they might get left behind during the migration.
USDC balances can still be spent until the migration date. Afterward, you'll only be able to withdraw them, not spend them.
During the migration, FIFA Collect will be offline for around 12 hours. Algorand wallets like Pera and Defly will no longer be supported after the migration. Instead, you can connect using MetaMask or any EVM-compatible wallet via WalletConnect.
Rumors have been swirling about FIFA creating a cryptocurrency token, often referred to as a "FIFA coin." While there's no official confirmation, FIFA has been actively exploring blockchain technology through its NFT platform, FIFA Collect. Recently, FIFA announced plans to migrate FIFA Collect from Algorand to a new Ethereum Virtual Machine (EVM)-compatible blockchain, as part of their strategy to enhance user experience and scalability.
So, while there's no definitive news about a FIFA-branded cryptocurrency token just yet, FIFA is certainly leading the charge when it comes to NFTs and blockchain technology. Stay tuned for more updates!
[1] FIFA Collect Announces Migration to New Blockchain (FIFA.com)[3] FIFA to Migrate to Ethereum-compatible Blockchain (CoinTelegraph)[5] FIFA Migration Plans: What You Need to Know (CryptoSlate)
- You might be intrigued by the rumors surrounding FIFA creating a cryptocurrency token, known colloquially as a "FIFA coin."
- FIFA has been actively delving into blockchain technology, evident through its NFT platform, FIFA Collect.
- As part of their strategy to improve user experience and scalability, FIFA recently announced plans to migrate FIFA Collect from Algorand to an Ethereum Virtual Machine (EVM)-compatible blockchain.
- The migration from Algorand to a new EVM-compatible blockchain will boost performance, enhance scalability, and open pathways for future innovations on FIFA Collect.
- On the new blockchain, you'll be able to connect to FIFA Collect using MetaMask or any EVM-compatible wallet via WalletConnect, in place of Algorand wallets like Pera and Defly.
- Post-migration, digital assets on FIFA Collect will still be accessible via account login, but it's wise to reimport any collectibles previously exported before May 20, 2025, to ensure they're not lost.
- During the migration period, FIFA Collect will experience a downtime of approximately 12 hours.
- In anticipation of this update, keep an eye on FIFA.com for more information and updates regarding FIFA Collect and its possible foray into cryptocurrency tokens.
