$AVAX

**FIFA Powered by Avalanche: A New Era Begins in the Blockchain World!**

💧The International Federation of Association Football (FIFA) has taken a step further in its interest in the blockchain world by deciding to launch its own **layer-1 blockchain** (Avalanche L1) on the Avalanche network. This move was announced simultaneously with the **Avalanche9000 update** and has caused a significant stir in the industry.

💧 **The Intersection of Blockchain and the World of Football**

FIFA's interest in blockchain technology is not new. The organization had published an **NFT collection on the Algorand blockchain before the 2022 Qatar World Cup**. In an announcement made in April, FIFA stated that it would move its collection to an **EVM-compatible** blockchain and continue its Web3 initiatives.

Avalanche's **Chief Operating Officer John Nahas** stated in his remarks:

*"Avalanche is designed for businesses and organizations looking to create private and high-performance blockchain solutions. FIFA's decision to launch L1 on Avalanche is a testament to our technology's ability to support global-scale applications with speed, flexibility, and security."*

💧 **Rise in AVAX Price**

Following the announcement of this partnership, Avalanche's native token **AVAX** has seen an **11% increase** in the last 24 hours, reaching **$24.97**. With this development capturing the attention of crypto investors, **AVAX has gained 24% in value over the last month**.

💧 **What Will FIFA Offer on the Blockchain?**

FIFA has not yet disclosed which projects it will implement on its new blockchain. However, this move is considered a **significant step** towards popularizing the use of blockchain technology in the football industry. #ETHMarketWatch #BinancelaunchpoolHuma #BTCBreaksATH110K