FIFA is working with Avalanche to develop a custom 1-layer blockchain to support its digital collectibles platform, FIFA Collect.
The new platform (called the FIFA blockchain) will host all existing and future FIFA collection NFTs. As part of the transition, users will need to migrate from Algorand-based wallets to Ethereum-compatible wallets, such as MetAmask.
Although the initial focus was on supporting digital collectibles, the infrastructure was designed to expand into other applications in the future.
Source: FIFA CollectionWhat does this mean for FIFA collecting users?
As FIFA migrates FIFA to collect new dedicated chains from the Algorand blockchain, all current NFTs and marketing activities will be transferred to the platform. This change will also affect users who must stop using Algorand-based wallets such as Pera and Defly, and use Ethereum-compatible wallets such as MetAmask.
The transition is designed to provide better support for global use, especially during high traffic times such as international championships. The avalanche infrastructure is designed to process transactions at a faster and lower cost than many existing public networks.
The goal is to provide a smoother digital experience and easier wallet access to 5 billion fans around the world.
Source: FIFA CollectionWhy did FIFA choose Avalanche?
Avalanche is selected according to several technical standards. Its ability to support custom layer 1 chains allows FIFA to operate its own blockchain environment while maintaining compatibility with a wider range of Ethereum tools. This is considered necessary to support the platform’s future growth.
The network offers lower transaction fees and quick confirmation times, which FIFA believes will help improve the experience of users interacting with digital collectibles. The compatibility of avalanche with Ethereum also means a wider range of wallets and developer tools available.
“The decision is based on a rigorous analysis of key factors, including performance, security, transaction fees, customizability and scalability,” said Francesco Abbate, CEO of Modex.
