The sports governing body of Football, FIFA, has partnered with the Avalanche blockchain to develop its own blockchain. Prior to the Qatar World Cup, FIFA had utilized the Algorand blockchain when it entered into the world of Non-fungible Tokens and issued a non-fungible token (NFT) on this blockchain network in the year 2022.
Avalanche blockchain network has confirmed in an official tweet on X that it has joined hands with FIFA, helping the sports governing body in developing a dedicated layer-1 blockchain.
FIFA’s Avalanche L1 Blockchain Will Use Subnet Technology
The newly developed Layer-1 blockchain of FIFA will utilize subnet, an advanced technology of the Avalanche blockchain. Avalanche has started getting the attention of major developers from across the world after its Avalanche9000 update, which occurred recently. And now the major blockchain network has announced its partnership with FIFA shortly after this major upgrade.
While talking about this partnership with FIFA, Ava Labs’ Chief Business Officer John Nahas said that their technology is so strong enough that it can handle big applications with security, flexibility, and speed. And the decision of FIFA to develop a dedicated layer-1 blockchain on the Avalanche network is a proof to that fact.
FIFA Expands Its Presence in the World Crypto and Blockchain
This is not the first time that FIFA has entered its steps into the universe of cryptocurrencies and blockchain. Prior to this huge partnership with Avalanche, the company had partnered with the Algorand blockchain network for the sake of launching an NFT in the year 2022. And that’s the year when it shifted its attention towards the crypto space.
Currently, FIFA is planning on expanding its ambition in the world of web3 as it aims at shifting to EVM blockchain from its notable NFT collection.
