FIFA to Launch New EVM-Compatible Blockchain for NFT Collectibles
FIFA plans to launch a blockchain platform, FIFA Blockchain, for its NFT collectibles and fan experiences. Key details include:
- The platform will be EVM-compatible, enhancing performance and scalability.
- The migration of the FIFA Collect NFT collection from Algorand to FIFA Blockchain is set for on or after May 20, 2025.
- Holders do not need to take immediate action but will receive instructions if necessary.
- The migration is free; however, any exported collectibles must be reimported before the deadline.
- Accounts will temporarily allow re-import functionality during migration.
- USDC holders can spend coins before migration; withdrawals are allowed only afterward.
- The platform will be offline for about 12 hours on migration day.
- Post-migration, wallets based on Algorand will no longer be supported; users must switch to EVM-compatible wallets like MetaMask.
This move reflects a broader industry trend towards EVM compatibility for improved scalability and interoperability.