FIFA to Mint NFTs on Polygon Without Dropping Algorand; To Launch New Digital Collectibles

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FIFA to Mint NFTs on Polygon Without Dropping Algorand; To Launch New Digital Collectibles

FIFA, or the Fédération Internationale de Football Association, is set to drop its newest non-fungible token collection. It will offer fans digital collectibles and tickets for the World Cup.

In connection with its NFT drops, Decrypt reported that FIFA will start minting tokens on Polygon. However, this does not mean it will be ditching Algorand to move to the cryptocurrency and blockchain platform.

Expanding Its Horizon in the NFT Arena

FIFA’s decision to mint in Polygon is just a strategy to expand its channels for its non-fungible token business. In fact, the FIFA+ Collect platform will continue to release soccer NFTs on Algorand.

Now, FIFA has another option for the minting, and NFT drops as it expands to Polygon via digital asset releases on OpenSea. The representative of FIFA commented, “In the future, we will make any choice always having in mind the interest of existing and future users, making any technological choices as a way to serve them in the best possible way. In this sense, we remain vigilant on the progress of the existing chains and community, and today we are very glad that Polygon is partnering with us on this.”

First NFT Collection Drop

The world-renowned soccer organization announced that its first collectibles are set to be released through its partnership with Modex, a crypto startup group. As part of the collaboration, Modex will be responsible for the management of FIFA’s NFT platform called the FIFA+ Collect.

The first set of digital collectibles are debuting across Algorand and Polygon and will be available in time for the FIFA Club World Cup Saudi Arabia 2023 this month. As per Crypto.news, the initial release will consist of 100 digital collectibles, which will be available on December 15. It will include the rarest collectibles that will give fans the opportunity to obtain their tickets to the FIFA World Cup 26 final game.

“The FIFA Club World Cup promises to be an exciting 10 days and with the release of collectibles that can secure actual FIFA match items and FIFA World Cup 26 final access, there’s an added incentive for fans to participate,” chief of Modex, Francesco Abbate, said.

Photo by: MCaviglia www.mcaviglia.ch/Wikimedia Commons(CC BY-SA 3.0)

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