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FIFA has appointed Algorand as its official blockchain partner – NFT Plazas

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Undoubtedly, FIFA, a world-renowned and recognized organization in the field of sports, has announced its partnership with the inventor of the climate-conscious blockchain. Algorand. The partnership will turn Algorand into FIFA’s official blockchain platform, providing blockchain-enabled wallet solutions to football organizations.

Under the partnership agreement, Algorand will help FIFA further develop its digital asset strategy, as well as be a sponsorship partner for the upcoming FIFA event. Such incidents include FIFA World Cup Qatar 2022Where it will act as a ‘regional supporter in North America and Europe’, as well as the FIFA Women’s World Cup Australia and New Zealand 2023, where it will act as the official sponsor.

FIFA president Gianni Infantino and Algorand founder Silvio Micali announced the deal last week, with Infantino saying:We are pleased to announce this partnership with Algorand. This collaboration is a clear indication of FIFA’s commitment to constantly looking for innovative channels to increase sustainable revenue for reinvestment in football to ensure transparency for our stakeholders and football fans around the world – a key element of our vision to make football truly global. I look forward to a long and fruitful partnership with Algorand”

By the time the agreement was signed, FIFA had become one of the more than 2,000 global organizations, governments and digital-native defense applications to employ Algorand as a blockchain solution. With the underlying terms of the partnership, the company will become part of the blockchain mission. Accelerate environmentally responsible growthInclusion, transparency and innovation in the ever evolving Web3 space.

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* All investment / financial opinions published by NFT Plaza come from the personal research and experience of our site moderators and are intended as educational material only. Individuals need to do thorough research on any product before making any kind of investment.



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