The International Federation of Football Associations (FIFA) has announced cooperation with the blockchain network Algorand (ALGO). In addition, FIFA is starting to work on the basis of the ALGO blockchain and the network will become a regional sponsor of the 2022 FIFA World Cup.
Algorand (ALGO) becomes a strategic partner of FIFA
The governing body of the FIFA Football Association has announced the beginning of a partnership with the blockchain network Algorand (ALGO). It should be noted that this agreement is beneficial for both parties. As Algorand becomes the association’s official blockchain and provides cryptocurrency solutions, FIFA will also become a sponsor for Algorand.
In addition, the Algorand blockchain network will sponsor the 2022 World Cup for North America and Europe, as well as the 2023 Women’s Football Championship. FIFA President Gianni Infantino commented on the decision: “We are pleased to announce a partnership with Algorand. This collaboration is a clear indication of FIFA’s commitment to constantly seek innovative channels for sustainable revenue growth to reinvest in football, providing transparency to our stakeholders and football fans around the world — a key part of our vision to make football truly global. I look forward to a long and fruitful partnership with Algorand. »
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