The International Football Federation (FIFA) has announced the launch of its own FIFA blockchain, compatible with the Ethereum Virtual Machine (EVM), to provide "higher performance, new features, and improved scalability."
As part of this transition, FIFA Collect, the official NFT collection, will be moved from the Algorand blockchain to a new blockchain. FIFA released its non-fungible tokens ahead of the 2023 Club World Cup in Saudi Arabia in collaboration with the blockchain company Modex.
At this stage, no immediate action is required. When the migration process begins, we will provide clear step-by-step instructions on what you will need to do, the announcement says.
The transfer of the collection will take place no earlier than May 20, FIFA said, adding that the exact date will be announced later along with clear instructions for NFT owners.
After the migration, external wallets based on Algorand, such as Pera and Defly, will no longer be supported.