ALGO token rose by 22% after announcing partnership with FIFA

The parties signed an agreement on cooperation within the framework of the 2022 FIFA World Cup

03.05.2022 - 09:30

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What’s new? The Algorand blockchain project’s native token ALGO rose by 22,18% per day (on May 3, the asset price rose to $0,734, according to Binance). This came after the announcement of a partnership with the International Football Federation (FIFA).

Press release on the FIFA website

What is known about future collaboration? Algorand will become a technology partner of the 2022 FIFA World Cup in Qatar and the 2023 FIFA Women’s World Cup in Australia and New Zealand. The project will help FIFA in developing its digital strategy, including the development of solutions for a blockchain-enabled digital wallet.

What events happened before? In April 2022, Spain’s third-largest airline, Air Europa, announced the launch of a collection of NFT airline tickets based on the Algorand network.

What is known about Algorand? Algorand is an open-source blockchain platform focused on smart contracts. The blockchain operates on the Pure Proof-of-Stake protocol. The founder of the project is Professor Silvio Micali. The first Algorand public network was launched on April 16, 2019.

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