FIFA Announces It Has Chosen Polygon Network For Its New Product

CLARIFICATION:

In its second announcement, FIFA has clarified some confusing language from the first official announcement. The first official announcement stated that 100 NFTs would be released initially, but did not specify that they would be released on the Algorand network. 900 NFTs were announced to be released on the Polygon network. Therefore, like almost all other sources, we assumed that all NFTs would be released on the Polygon network. In a correction, FIFA announced that the first 100 NFTs will be released on the Algorand network.

FIFA is preparing to release a limited number of digital collectibles that can provide owners with the opportunity to watch the final match of the 2026 World Cup.

According to a recent announcement, the first delivery will consist of 100 digital collectibles containing the rarest items offering the chance to win 2026 FIFA World Cup final tickets. An additional 900 digital collections will be published on the Polygon network and made available on the OpenSea platform.

Originally minted on Algorand, FIFA’s NFTs are now planning to move to Polygon with the second phase of this upcoming collection. Popular among Web3 gaming projects, blockchain will also be used for future FIFA digital collection launches.

The initiative, known as “FIFA+ Collect”, was first announced last year and aimed to offer football fans around the world the chance to own unique digital collectibles at affordable prices. The launch of NFTs coincides with the FIFA Club World Cup 2023, which kicks off tomorrow in Saudi Arabia.

NFTs released by FIFA have underperformed so far and have failed to make an impact similar to the NFT craze observed during the bull season.

*This is not investment advice.