FIFA is stepping further into Web3 territory with the announcement of its proprietary blockchain network designed to support its digital collectibles ecosystem.
The global football governing body revealed on April 29 that it will be launching the “FIFA Blockchain,” an Ethereum Virtual Machine (EVM)-compatible network set to enhance scalability, performance, and future feature development.
This strategic move will also see the migration of FIFA Collect — the organization’s official NFT collection — from its current home on the Algorand blockchain to the newly developed platform. The migration is expected to kick off no earlier than May 20, with FIFA assuring users that a definitive date and detailed instructions will be communicated in due course.
According to the announcement, users of external Algorand-compatible wallets such as Pera and Defly will no longer be able to access FIFA Collect once the transition is complete. Instead, collectors will need to connect using EVM-compatible wallets like MetaMask or others that support WalletConnect.
FIFA emphasized that no immediate action is required from users at this time, though it encouraged them to stay informed as the switchover approaches. Any collectibles listed for sale will be automatically relisted on the new blockchain platform unless manually delisted by users prior to the migration date.
The launch of the FIFA Blockchain signals the organization’s growing commitment to digital assets and blockchain innovation, aligning its digital strategy with broader trends in the NFT space.
Meanwhile, Algorand Foundation launched a groundbreaking staking rewards program following its latest consensus mechanism upgrade. Validators on the Algorand blockchain will now receive real-time block rewards, starting at 10 ALGO per block, with a 1% decay every millionth block.
Validators will also earn 50% of transaction fees from successfully proposed blocks. Algorand’s program avoids punitive slashing and restrictive token lockups. Node runners maintain full access to their funds, while non-inflationary rewards ensure the total ALGO supply remains unaffected.
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