### **FIFA Leaves Algorand, Switches to Its Own Blockchain for NFTs**
#### **ā½ Migration to New Blockchain**
- **FIFA Collect** (official FIFA NFT platform) will **migrate from Algorand** to its own **EVM-compatible new blockchain**.
- **Schedule**: The process starts **after May 20, 2024**.
- **Reasons**:
- **Better scalability**.
- **Support for new features** in the future.
- **Easier integration** with EVM wallets (like MetaMask).
#### **š What Changes for Users?**
- **NFTs remain secure**, no special action required except:
- If you have ever **exported NFTs**, you must **re-import before May 20** for automatic migration.
- **Algorand wallets (Pera, Defly) will no longer be supported** ā switch to **MetaMask/Rabby**.
- **USDC can be used until migration**, afterwards it can only be withdrawn.
#### **š Impact on Algorand (ALGO)**
- **ALGO price dropped 5.5%** (to **$0.22**) after this announcement.
- **FIFA & Algorand have partnered since 2022**, but are now choosing their own blockchain.
#### **š® Future of FIFA Collect**
- **FIFA's dedicated blockchain** will focus on:
- **Better user experience**.
- **Interoperability with the EVM ecosystem**.
- **Web3 innovations for football fans**.
### **š Conclusion**
- **FIFA is serious about NFTs** by building its own infrastructure.
- **Algorand loses a major partner**, but EVM can benefit.
- **Monitor developments after May 20** for more details.
