Key Points:
- Qatar will host the World Cup from November 20 through December 18.
- FIFA and the Algorand blockchain collaborated to introduce NFTs.
Play to Earn (P2E) games built on blockchain technology may have a significant impact on the direction of the video game industry in the future.
The world of soccer (or football, according to where you’re from) is focused on Qatar as it prepares to host the 2022 World Cup later this year. A new platform with NFTs associated with the event, which is played in November and December and occurs once every four years, will be featured in the event.
What happened: The debut of FIFA+ Collect, which will take place later this month, was announced by FIFA (Federation International Football Association). The announcement from the body that oversees international football emphasizes how simple it is to own and collect World Cup and Women’s World Cup memories.
According to FIFA Chief Business Officer Romy Gai, “Fandom is evolving, and football supporters throughout the world engage with the game in new and interesting ways.”
FIFA has announced that exclusive and limited-edition collections will shortly be released.
FIFA+, a digital platform designed by FIFA to link football fans more closely to the “game they love,” is responsible for the debut. Live football matches, news, games, and original series are all available on FIFA+.
The Algorand blockchain will host the debut of the new FIFA+ Collect NFTs. Earlier this year, FIFA signed Algorand as its official blockchain platform.
Fans are encouraged to download the FIFA+ app or visit the website to sign up and receive updates.
Why It Matters: Other professional sports leagues have entered the NFT market before the World Cup. NBA Top Shot and NFL All Day were introduced by Dapper Labs as opportunities for fans and investors to own certain moments from ongoing and historical sporting events.
SoRare has increased its position in the NFT market for football through collaborations with a number of leagues, most recently with Major League Soccer of the United States. The leading Spanish football league, La Liga, and Dapper Labs have a contract.
The opportunity to own a piece of the FIFA World Cup is made more accessible to all football fans thanks to this fantastic development, according to Gai. This is an accessible opportunity for fans all across the world to interact with their favourite players, moments, and more on new platforms, similar to sports collectibles and stickers.
The 32 participating teams will compete in a group stage before a tournament to determine the title from November 20 to December 18, 2022. The games will be shown on Fox Corporation-owned networks and streaming services in Nigeria.
Unfortunately, Nigeria has not qualified for the 2022 World Cup. After being eliminated from the 2022 World Cup, the United States qualified for the tournament and is now in Group B with England, Iran, and Wales. Ghana and Cameroon are among the few African countries qualified for the 2022 World Cup.
ALGO Price Prediction: On Saturday, Algorand was up 1.73% to $0.3025. Over the last 52 weeks, the token has fluctuated in price between $0.2765 and $2.83. Check out the latest price of Algorand here.
