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- ALGO, native cryptocurrency of Algorand, rose by 30% in the past 7 days.
- The decentralized blockchain network has secured a partnership with FIFA.
- Algorand has hired an ex Visa and Fidelity employee in the company.
FIFA World Cup 2022 Contributes in ALGO Price
FIFA World Cup 2022 Qatar is getting close and the excitement among the fans is rising globally. Not just the hype, but the biggest football event is pushing the price of crypto assets significantly. Algorand, a decentralized blockchain network, saw its price elevating by 30% during the last 7 days.
Couple of factors contributing to the gain includes the Algorand partnership with FIFA and the latest hiring by the organization. The company announced that the ex Fidelity and Visa executive, Michelle Quintaglie, has on-boarded the deck as the Chief Marketing Officer in the company.
However, the considerable rise remains FIFA+ Collect, the latest NFT platform on Algorand associated with FIFA. The football regulatory authority confirmed the collaboration via blog post, meanwhile, Algorand took the announcement to Twitter. The partnership will allow the users to own a part of the Men and Women’s World Cup and a chance for fans to engage with the stars of the game.
Users can own the most iconic moments of the game, similar to “The Flying Dutchman” pulled off by Robin Van Persie on June 13th, 2014, when Netherlands crushed the 2010 FIFA World Cup winners, Spain, during their very first game in a 5-1 win. Other perks include real time game updates, access to live matches, interactive games and more.
FIFA+ Collect might prove fruitful to Algorand as this might be the final World Cup for some legendary stars of the game. This includes Cristiano Ronaldo, Lionel Messi, Robert Lewandowski and more. They are nearing their retirement and are less likely to witness the next WC as playing eleven members.
Neymar Jr., renowned Brazilian playmaker, has to go through fitness issues often. Real Madrid and French footballer Karim Benzema had a hard time making a place in the national team. These factors may become the reason for such decorated players to say goodbye to the pitch in future.
As the probability of these legends is increasing, so are the chances for the Algorand-based platform to attract the users. Fans might want to own the precious moments associated with the star studded footballers to make it a part of their lives.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
