FIFA Announces Launch of New Blockchain Network for FIFA Collectibles
FIFA is making a significant move into the world of Web3 with the introduction of its own blockchain network. On April 30, the international governing body for football revealed plans to create a dedicated blockchain network to power the official FIFA Collect platform. This new platform will offer fans the opportunity to acquire football-themed NFTs and limited-edition collectibles. The FIFA Blockchain will replace existing third-party networks and serve as the central hub for all future digital assets and interactive fan experiences.
If you are a current FIFA Collect user or considering joining the platform, here is what you need to know about the upcoming transition:
The Basics: What’s Changing, and When?
Commencing no earlier than May 20, 2025, FIFA will begin the migration of FIFA Collect to its new blockchain network. During this process, FIFA Collect will be temporarily offline for approximately 12 hours to facilitate a seamless transition.
Good news for existing NFT owners on FIFA Collect – your NFTs will automatically transfer to the new blockchain at no extra cost. If you have exported any collectibles to an external wallet, you will need to move them back to the FIFA Collect platform by May 20 to ensure a smooth migration.
Wallet Upgrades (and Changes)
The new FIFA blockchain network will be compatible with the Ethereum Virtual Machine (EVM), allowing users to utilize popular wallets such as MetaMask. However, wallets running on Algorand, such as Pera or Defly, will no longer be supported. Users currently using these wallets will need to switch to a compatible wallet before the migration.
USDC Balances and Listed NFTs
If you have USDC (USD Coin) in your FIFA Collect account, you can continue to use it until the migration. Any remaining balance can still be withdrawn post-migration but will no longer be usable on the platform. Additionally, any collectibles listed for sale on FIFA Collect will automatically carry over to the new network unless delisted before the migration.
Why Is FIFA Doing This?
FIFA’s decision to create its own blockchain network is aimed at supporting new experiences, enabling wallet compatibility, and laying a robust foundation for future innovations. By taking control of its Web3 ecosystem, FIFA can eliminate reliance on external networks and enhance user experiences with gamified collectibles and blockchain-based ticketing.
The organization will also gain valuable insights into fan engagement and purchasing behavior, opening up opportunities for partnerships and enhanced fan experiences. However, FIFA will need to address concerns around security and user privacy in the Web3 space, emphasizing a commitment to long-term stability.
Final Thought
While the migration may seem seamless for most collectors, it represents a significant transformation for FIFA behind the scenes and underscores its dedication to the Web3 landscape. Stay tuned for more updates as FIFA’s new blockchain network prepares to launch in the coming months.
This article has been adapted for a WordPress platform, providing valuable information for FIFA Collect users and enthusiasts looking to explore the world of NFTs and collectibles in the football industry.