Double FIFA with Web3 ambitions by developing one’s own avalanche-powered blockchain
FIFA, the global management of the football body, is planning to use the avalanche network to empower its own dedicated layer-1 blockchain.
FIFA blockchain is an avalanche L1, a customizable blockchain That uses avalanche technology (formerly known as a subnet). The news arrived as the Avalanche network recently passed Avalanche9000’s main upgradeaimed at attracting new developers and encourage them to create L1 -customized ones.
Thursday’s announcement is not FIFA’s first FIFA foreign world of blockchain and crypto. In 2022, the football body released an invisible token collection (NFT) to Algorand Blockchain leading the Qatar World Cup. FIFA This change was also tempted in April.
The NFT Craze, which has seen large institutions and corporations jumping on the trend, is now gone after the brutal crypto winter that has fallen emotions in the industry for many painful years. However, a large creature such as FIFA’s ongoing focus on the blockchain is likely to signal that the case of use for technology has not died, and large businesses are still looking to abstain in the industry.
“The avalanche is designed for businesses and organizations seeking to come up with custom, high -functioning blockchain solutions,” John Nahas, chief business official at AVA Labs, said in a press release shared with CoinDesk. “FIFA’s decision to launch L1 in Avalanche is a testament to our technology’s ability to support global-scale applications with speed, flexibility, and security.”
While the FIFA is currently only a collection of the World Cup NFT and a digital collectibles marketplace, it does not share what it is planning to bring to the new blockchain.
Read more: FIFA embraces NFTs tied to classic highlights games for World Cup 2022
