### **FIFA Migration from Algorand to New EVM-Compatible Blockchain**
#### **⚽ What Changed?**
- **FIFA Collect** (official FIFA NFT platform) will **switch from Algorand** to a new blockchain that is **EVM-compatible** (such as Ethereum).
- **Reasons for migration**:
- **Better scalability**
- **New features** in the future
- **Wider compatibility** (MetaMask & WalletConnect)
#### **🔄 Migration Process**
- **Starts May 20, 2024** (or later).
- **NFTs & accounts remain secure**, unaffected.
- **Algorand wallets (Pera, Defly) will no longer be supported** – switch to **MetaMask** or another EVM wallet.
- **USDC can be used until migration**, afterwards it can only be withdrawn.
- **Registered NFTs will automatically transfer**, unless canceled before migration.
#### **📉 Impact on Algorand (ALGO)**
- **ALGO price dropped 3%** (to **$0.2213**) after this announcement.
- **FIFA & Algorand have partnered since 2022**, but are now switching to EVM solutions.
#### **🔮 Future of FIFA Collect**
- **FIFA-specific blockchain** will support **new experiences & innovations**.
- **Focus on security & user-friendliness**.
### **📌 Conclusion**
- **FIFA NFTs will be more flexible** with EVM support.
- **NFT holders need to prepare for wallet migration** before May 20.
- **Algorand loses a major partner**, but EVM may benefit.
