As one of the world's largest football organizations, #FIFA continues to take innovative steps at the intersection of technology and sports. In this vein, its collaboration with blockchain technology firm Modex marks a significant milestone in FIFA's digital transformation journey. Ahead of the 2023 Club World Cup in Saudi Arabia, this initiative will launch FIFA's own NFT (Non-Fungible Token) collection.
The collection, debuting on December 15th, comprises a total of 100 NFTs. However, these NFTs offer more than just digital collectibles; they provide owners with unique opportunities like the chance to win tickets to the 2026 World Cup final. This feature is generating considerable excitement among collectors and football fans alike.
FIFA's new venture extends beyond the limited series of NFTs. In the coming days, an additional 900 digital collections featuring key moments and memorabilia from the tournament in digital form are planned to be released on popular digital platforms like Polygon and OpenSea. These collections aim to digitalize sports memorabilia and reach a global audience.
Named FIFA+ Collect, this new platform was prepared on a platform supported by Algorand in September 2022. It serves as a foundation for FIFA's digital collections, offering various interactions for users. To date, over 909,000 digital collections have been minted across 11 NFT series, achieving a trading volume of $2.4 million.
FIFA's latest blockchain-based initiative represents an innovative step in shaping the future of football, bringing together the worlds of sports and technology. This move demonstrates the potential impact of digital collections and blockchain technology in the sports industry. This new and exciting phase in the world of sports promises to unite football enthusiasts and technology aficionados alike, offering an interactive and innovative experience.