In the crypto money market, which has grown, expanded and continued to be mentioned with various agreements, collaborations and partnerships, this time Algorand announced that it has partnered with FIFA.
Blockchain project Algorand has signed a partnership with FIFA. Algorand has become the official blockchain sponsor of the 2022 FIFA World Cup, which is scheduled to start on November 21.
Algorand has been FIFA’s first US-based sponsor in over a decade. Financial terms of the deal were not disclosed.
According to the agreement, Algorand (ALGO) becomes “FIFA’s official Blockchain platform”. It will provide the official Blockchain powered wallet solution. Along with the 2022 Men’s World Cup event in Qatar, Algorand also sponsored the 2023 Women’s World Cup in Australia and New Zealand.
ALGO Rises
According to the statements, FIFA will also create its own cryptocurrency strategy with the help of Algorand. At the same time, FIFA plans to release its own NFT collection.
According to CoinMarketCap data, the price of ALGO token has increased by more than 20% in the last 24 hours. At the time of writing, ALGO was trading at $0.7299.
In March, Algorand signed a three-year shirt sponsorship with Gotham FC, a professional women’s soccer team based in New Jersey
Earlier this year, former JPMorgan executive Staci Warden, CEO of Algorand was appointed as
Another prominent proof-of-stake blockchain, Tezos, announced in February that it had signed a partnership with professional English football club Manchester United.
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