The Federation Internationale de Football Association (FIFA) plans to launch a new blockchain network to support its non-fungible token (NFT) collectibles, the organization announced on April 30.
FIFA will launch its “FIFA Blockchain,” with Ethereum Virtual Machine (EVM) compatibility and aims to provide “better performance, future features, and improved scalability.”
As part of the move, FIFA Collect — its official NFT collection — will migrate from the Algorand blockchain to the new FIFA Blockchain. The migration is scheduled to begin no earlier than May 20, FIFA said.
FIFA announces new blockchain for FIFA collection migration. Source: collect.fifa.com
“At this stage, no immediate action is required. When the migration process begins, we will provide clear, step-by-step instructions on what (if anything) you need to do,” the announcement stated.
The collection’s migration will take place “not earlier than” May 20, FIFA said, adding that it will confirm the exact date