Algorand becomes first US blockchain sponsor of FIFA World Cup

Algorand becomes first US blockchain sponsor of FIFA World Cup


Blockchain network Algorand (ALGO) has partnered with FIFA inking a sponsorship and technical partner deal as the network becomes the soccer association’s first official blockchain platform.

The deal announced on Monday, May 2 will also see Algorand become a regional supporter in North America and Europe for the 2022 FIFA World Cup to be held in Qatar in November and December.

BREAKING: @FIFAcom has announced #Algorand will become the official blockchain of FIFA, empowering the global football community with cutting-edge, sustainable technology. Read more https://t.co/LTTUqGNLNA @FIFAWorldCup #FIFAWorldCup pic.twitter.com/LuEFTY3WK6

— Algorand (@Algorand) May 2, 2022

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Algorand will also be an official sponsor of the FIFA Women’s World Cup in Australia and New Zealand in 2023.

The proof-of-stake chain will assist FIFA in developing its “digital assets’ strategy”, with the announcement explaining

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