FIFA is releasing digital collections that will give owners of the first 100 collections released a chance to buy “secure” tickets to the 2026 FIFA World Cup final. The organization is also moving its NFT collections to the Polygon Blockchain. This development marks a new milestone for the altcoin project.
FIFA abandoned Algorand and switched to this altcoin project!
FIFA, the international governing body of the world’s most popular sport, made a statement on the issue. Accordingly, it will launch a limited number of digital collectibles this week that will give its owners the opportunity to watch the final match of the 2026 World Cup. FIFA also included the following points in the statement:
100 digital collectibles will be available first… and will include the rarest collectibles offering the chance to get tickets to the 2026 FIFA World Cup final. A total of 900 more digital collections will be released on the Polygon network and made available on the OpenSea platform.
FIFA originally minted NFTs on Algorand. But now they plan to move to Polygon with the second phase of this upcoming collection, a blockchain popular among web3 gaming projects. In the statement, he stated that he will also use the altcoin Polygon for future FIFA digital collection launches.
NFT step came as the World Cup begins
When FIFA first announced “FIFA+ Collect” last year, it said it would offer “football fans around the world the chance to own unique digital collectibles at affordable prices.” The drop in NFT occurred because the FIFA Club World Cup 2023 will start tomorrow in Saudi Arabia.
As you follow from Kriptokoin.com, NFT transaction volumes saw a dramatic decline in 2023. However, it has picked up a bit recently. But it’s still well below the levels during the last bull run, when PFP NFTs from high-end collectibles like Bored Ape Yacht Club sometimes sold for millions of dollars. However, major brands continued to pursue opportunities to serve and monetize superfans through digital collection initiatives.
FIFA takes over Modex
FIFA also announced that Modex would take over the “strategic management” of its platform. The platform has already released several football-branded digital collections. Modex CEO Francesco Abbate made a statement on the issue. “Digital collectibles increase the ways fans can interact with their favorite players, teams and the game they love,” Abbate said. “We are honored to support FIFA in achieving this goal,” he said.
Some companies use professional sports as a tool to connect with consumers. Now, various companies operating in the Blockchain and crypto space are also resorting to it. For example, crypto exchange OKX struck a sponsorship deal with Manchester City. On the other hand, French fantasy sports gaming company Sorare has a partnership with the English Premier League.
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