FIFA LAUNCHES NFT PLATFORM ON ALGORAND IN RUN-UP TO 2022 WORLD CUP IN QATAR

With the 2022 World Cup just months away, FIFA, soccer’s global governing body, has announced it will launch an NFT platform for soccer-themed digital collectibles. The platform, FIFA+ Collect, is set to launch later this month, and will feature “affordable, inclusive, and accessible” NFTs that depict notable soccer moments, art, and imagery, according to FIFA. As the World Cup—set to take place in Qatar in late November—unfolds, moments from the marquee global soccer tournament may also be converted into digital collectibles.

NFTs are unique blockchain tokens that act as proof of ownership over digital assets, such as art, profile pictures, or video game items. FIFA+ Collect will run on the Algorand blockchain, a proof-of-stake Ethereum and Solana alternative developed by MIT professor Silvio Micali. In May, Algorand became FIFA’s official blockchain partner.

Sam Bankman-Fried talks crypto bailouts, market trends, and the future of FTX. Press play to hear SBF on gm from Decrypt – a new podcast sharing all the alpha from the biggest names in Web3. Further details on what collections will be included in FIFA+ Collect’s launch will be released soon, as well as teasers of what types of NFTs will be rolled out over the course of the World Cup. The NFT platform will live on FIFA+, the organization’s platform for live soccer games, news, games, and original content.

Veteran music streaming app Napster is making moves into the Web3 space, with the announcement of a planned $NAPSTER token launch on Algorand. The company has released a litepaper outlining it. Algorand made headlines earlier this year for acquiring digital music sharing service Napster, and for partnering with LimeWire—which, once a peer-to-peer music sharing service itself, recently launched a music-centric NFT marketplace featuring the works of artists signed on Universal Music Group’s label.