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The launch of the FIFA+ NFT Marketplace coincides with Algorand's (ALGO) 27.5% weekly gains

Dave - Cryptocurrency Enthusiast

FIFA has unveiled the much-awaited NFT platform, giving soccer fans a cutting-edge collectible experience as the 2022 FIFA World Cup draws near. The first NFT collection to be published on the FIFA+ NFT Marketplace is the "FIFA+ Genesis Drop," which is powered by Algorand (ALGO).

100 of Soccer History's Greatest Moments

Beginning in September, FIFA, the body in charge of the most well-liked sport in the world, established cooperation with Algorand (ALGO). The 100 greatest soccer moments have been issued as NFTs via the new FIFA+ NFT platform in honor of the forthcoming World Cup. According to tweets from FIFA representatives, a secondary NFT market will soon be accessible. NFT rates for the FIFA+ Genesis Drop, on the other hand, start at just $4.99, making it available to soccer lovers worldwide. To "launch their NFT collection off with a bang and embark on an incredible adventure of owning the greatest moments in football," Non Fungible Tokens admirers must first register on the FIFA+ platform.

It's interesting to note that the Algorand (ALGO) coin itself is not currently recognized as a form of payment. Only debit cards (Mastercard or VISA) or the stablecoin USD Coin (USDC) allow soccer fans from around the world to purchase NFT Coins on the FIFA+ Collect website. Deals are made by Algorand (ALGO) in sports and music.

In 2022, Algorand (ALGO) has been active, securing relationships with NBA teams, racing teams, and soccer groups. The blockchain has also just lately made its way into the music business. An outdated music-sharing platform called Napster that was eclipsed by music streaming was previously bought by Algorand (ALGO). In the foreseeable future, the blockchain hopes to become carbon negative.

Due to events like this, the NFT market and NFT crypto may become quite popular soon.

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