Avax rises to 10% as Avalanche Will 5 Blockchain Project of FIFA

The world’s largest football organization, FIFA, has chosen Avalanche to launch its own blockchain initiative.

Nicknamed FIFA Blockchain, will work as a layer 1 and deliver digital collectibles and “commitment of next generation fans at a global scale.”

The official advertisementThat it was launched today, he added that FIFA Blockchain will be aimed at optimizing operations, optimizing user experience and offering consistent and interoperable digital products to their fan base of billions of millions of people.

The organization has decided to use blockchain to meet the growing verifiable digital property needs and direct participation between the owners and the public. Unlike traditional systems, Blockchain will allow creators to create specially designed networks that can “escalate efficiently and admit significant experiences of the user.”

FIFA decided to take advantage of Avalanche in its Blockchain effort due to its structure that allows the “deployment of sovereign networks, known as L1S, which are optimized for high performance, low latency and total governance control.”

They operate independently, but they are totally interoperable with the entire avalanche ecosystem, as well as with the Ethereum Virtual Machine standard (EVM).

The FIFA Blockchain will be directed by a technology company with the web3 experience called Modex. His CEO, Francesco Abbate, said the movement improves its ability to offer unique digital collectibles and immersive experiences of fans, driven by speed, scalability and compatibility with EVM.

“The Avalanche de la FIFA technology selection represents a fundamental moment in the evolution of Blockchain infrastructure. As one of the most recognized organizations in the world, the FIFA movement underlines Avalanche’s unique capacity to support the high -performance personalized networks on a global scale,” says the statement.

The AVAX price reacted to the news, since it increases by more than 10% on a daily scale, some of which, of course, could want general price bombs throughout the market.