FIFA NFTs, powered on Algorand, have totaled only $2.4 million in trading volume since their inception last September.
Fédération Internationale de Football Association (FIFA), the international body governing international competitions of soccer, will launch its own nonfungible tokens (NFT) collection ahead of the 2023 Club World Cup in Saudi Arabia.
According to the December 11 announcement, and in collaboration with blockchain firm Modex, an inaugural 100 NFT collection will premiere on December 15, featuring the chance to secure FIFA World Cup 2026 final tickets. In addition, a total of 900 other digital collectibles will be issued on the Polygon network (MATIC) and OpenSea this month, comprising memorable moments from the ongoing tournament and digital versions of memorabilia.
"Scheduled to kick off in Jeddah, Saudi Arabia on December 12, the FIFA Club World Cup brings together seven of the world's greatest football teams. The champions of FIFA's six confederations are all participating," developers wrote. The NFTs will be available on FIFA's namesake platform, FIFA+ Collect. The NFT platform was launched in September 2022 and is powered by Algorand.
