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FIFA+ NFT Marketplace Goes Live As Algorand (ALGO) Scores 27.5% Weekly Gains

FIFA+ NFT Marketplace Goes Live As Algorand (ALGO) Scores 27.5% Weekly Gains

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With the 2022 FIFA World Cup fast approaching, FIFA has launched the much-anticipated NFT platform, offering an innovative collecting experience for football fans. The FIFA+ NFT Marketplace is powered by Algorand (ALGO) and the first collection of NFTs introduced on the platform is ‘FIFA+ Genesis Drop’.

The 100 greatest moments in football history

FIFA, the organization behind the world’s most popular sport, announced its partnership with Algorand (ALGO) in early September. In honor of the upcoming World Cup, the new FIFA+ NFT platform has released the 100 best soccer moments in the form of NFTs.

The secondary NFT market is scheduled to be launched at a later date, as reported by FIFA representatives on Twitter. However FIFA+ Genesis Drop is already live and available to soccer fans everywhere, with NFT prices starting at just $4.99. NFT enthusiasts must first register on the FIFA+ platform, after which they can “kick-start their NFT collection and embark on an unforgettable journey of owning the best moments in football.”

Interestingly, the Algorand (ALGO) cryptocurrency itself has not yet been accepted as a means of payment. In fact, for soccer fans worldwide, the only way to purchase NFT collectibles on the FIFA+ Collect platform is via a debit card (Mastercard or VISA) or USD Coin (USDC) stablecoin.

Algorand (ALGO) deals in sports and music

Algorand (ALGO) has been making moves in 2022 and partnering with racing teams, soccer clubs, and NBA franchises. Additionally, blockchain recently came to the music industry. Algorand ( ALGO ) previously bought Napster, an old-school music-sharing service that was overshadowed by music streaming. The blockchain also has the goal of becoming carbon negative in the near future.

At press time, Algorand (ALGO), the 30th ranked cryptocurrency by total market capitalization, is trading at $0.374325. CoinGecko. The altcoin has maintained a slight gain of 0.7% over the past 24 hours, but set a much brighter 7-day high, posting an impressive 27.5% gain against a raging bear market.

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