FIFA announces partnership with Algorand Blockchain Network

FIFA has unveiled its new deal with Algorand, the latter of which has become the organization’s official blockchain platform. The agreement was announced by Gianni Infantino me Silvio Micale in Los Angeles, United States.

On May 2, 25. Milken Institute Global Celebrations , a conference organized by a group of experts who try to help people build meaningful lives by offering a wide range of resources. This year, the world’s football governing body ( FIFA ), which was used to announce a new agreement with Algorand .

FIFA and Algorand have signed a sponsorship and technical cooperation agreement that will make Algorand a FIFA’s official blockchain platform me The formal solution supported by sequencing will be . Algorand will also help the authority develop its strategy for the digital wealth and blockchain it is developing.

For me Algorand will gain greater visibility and recognition thanks to the range of competitions organized by FIFA . For now, these are some of the advantages and privileges that Algorand will have in the coming years:

• will be Algorand Regional Promoter of FIFA World Cup Qatar 2022 in North America and Europe.
• Will remain Algorand Official Sponsor of the FIFA Women’s World Cup Australia and New Zealand 2023 .
• FIFA will provide Algorand with sponsorship resources, including advertising, media coverage and promotional opportunities.

FIFA President Gianni Infantino He had something to say about the new Algorand deal.

« A clear demonstration of FIFA’s commitment to the continuous pursuit of innovative channels for sustainable revenue growth to reinvest in football. We provide transparency to our stakeholders, which is a key component of our vision to make football truly global. I look forward to a long and fruitful cooperation with Algorand “.

romy jay Director of the Commercial Division at FIFA, He confirmed that this is FIFA’s official entry into the blockchain world . The organization sees blockchain as a new medium full of opportunities that can be used in a variety of applications.

For me Silvio Micale founder of Algorand, also said a few words about the new agreement.

« From the beginning, Algorand has focused on creating technology that promotes inclusion, opportunity, and transparency for all. This collaboration with FIFA will demonstrate the potential of the Algorand blockchain that will change our experience in this beautiful game . “

This deal was released just weeks after FIFA closed another sponsorship deal with the Crypto.com exchange. The exchange will become the sole sponsor of the Qatar 2022 World Cup cryptocurrency trading platform.

Read more about CRO crashing after questionable Crypto.com decisions, you may be interested.

News source: Bitcoin.es