Collect FIFA moments in time with NFT launch at the Qatar 2022 World Cup
- Football’s world governing body FIFA announced the launch of an NFT-based collection during the 2022 World Cup in Qatar.
- FIFA World Cup NFT clips will be connected to the Algorand blockchain, the partner and wallet provider for the event.
- Monthly NFT volume has fallen 68% from May to August 2022, as the crypto market was hit by a bloodbath.
FIFA World Cup NFT clip will be launched at the Qatar 2022 event. Football fans have an opportunity to own a piece of the trophy and moment in time through the NFT collection.
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FIFA embraces NFTs linked to moments in time for Qatar World Cup 2022
Football’s governing body FIFA has embraced digital collectibles for World Cup in Qatar 2022 launch. The NFT-based collection will consist of classic clips from FIFA’s history. FIFA+ Collect will launch by the end of September 2022 and football fans will be able to own and trade ‘moments in time’. The NFT collectibles are an opportunity for fans to own a piece of the World Cup.
Algorand blockchain, Qatar 2022’s blockchain partner and wallet provider will be connected to the FIFA World Cup NFT clips. Fans will be able to collect and “own” key moments from the sporting event in the form of NFTs. FIFA+ Collect is a platform that offers a service where fans can own art, images and moments throughout the tournament.
The FIFA+ Collect service will be offered for 2023 Women’s World Cup in Australia and New Zealand also, post the launch in september.
Romy Gai, FIFA’s business chief was quoted as saying:
Fandom is changing and football fans around the world are engaging with the game in new and exciting ways. This exciting announcement makes FIFA collectibles accessible to every football fan, democratizing the opportunity to own a piece of the FIFA World Cup.
Like sports memorabilia, NFTs open up an accessible opportunity for football fans around the world to engage with the game and their favorite players. FIFA+ Collect will be available on all web and mobile devices allowing fans to collect digital sports memorabilia.
NFT trading volume continued to fall
Nekoz, a pseudonymous cryptanalyst, one observed 68% decrease in monthly NFT trading volume since May 2022. The decline in NFT volume is attributed to high gas costs and the carnage that hit the crypto market.
The decline in NFT trading volume may see a reversal with higher adoption by soccer fans worldwide.
Monthly NFT volume
