FIFA launches exclusive NFT collection For World Cup

FIFA+ Collect will have the NFTs available. Algorand powers the NFT platform, which debuted in September 2022.
FIFA launches exclusive NFT collection For World Cup

The international football governing body FIFA, which is based in Switzerland, is set to launch its nonfungible token (NFT) collection in the run-up to the 2023 Club World Cup in Saudi Arabia.

As announced on December 11, a 100 NFT collection with the chance to win tickets to the FIFA World Cup 2026 final will debut on December 15 in collaboration with the blockchain startup Modex.

Additionally, this month will see the introduction of 900 additional digital collectibles on the Polygon network (MATIC) and OpenSea, which will feature memorable events from the ongoing competition along with digital copies of memorabilia.

Developers state that seven of the best football teams in the world will compete in the FIFA Club World Cup, which is set to begin in Jeddah, Saudi Arabia on December 12. All six FIFA confederation champions are taking part.

NFTs will be available on the FIFA-branded site, FIFA+ Collect. The NFT platform, which launched in September 2022, is powered by Algorand.

Since its inception, the FIFA+ Collect platform has allowed 11 NFT drops, which has led to the issuing of 16,448 holders and 909,255 digital collectibles. Subsequently, the platform recorded $2.4 million in trading activity in the primary and secondary NFT markets.

However, according to FIFA+ Collect Info, “Mint Volume can be misleading as it cannot distinguish the packs obtained for free in challenges from the packs purchased with USDC [USD Coin].”

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