Tag: avalanche

FIFA COLLECT moves to Avalanche layer 1 as the Web3 fans base is extended

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  • Modex is appointed as a technical partner and infrastructure supplier.
  • FIFA Rivals will offer a NFT market through Mythical Games.
  • Blockchain to support NFT, games and digital fans.

    • FIFA is building a dedicated layer 1 block chain In collaboration with Avalanche and Modex, which will house its FIFA Collect digital collectibles.

    Migration, scheduled for May 20, will establish a custom blockchain infrastructure adapted to NFTs and fans -centered digital memories.

    This movement indicates the broader commitment of FIFA with blockchain technology and occurs in the midst of growing interest in digital sports assets.

    With the next release, Avalanche confirmed that FIFA Collect will be the opening application of the new chain, with the aim of improving the scalability, security and experience of fans.

    Modex will lead the infrastructure and update of FIFA Collect

    As part of the change, Modex has been designated as a technical partner and infrastructure supplier. Its function includes the architecture design of FIFA layer 1 chain and FIFA Collect market update.

    Modex is expected to offer a migration without problems and support the ambitions of FIFA to expand its digital ecosystem. The updated platform will have regular digital releases focused on players, clubs and iconic moments of world football.

    These collectibles have been distributed previously through the FIFA supply deliveries page, and the format is expected to continue in the new network.

    The migration is also aligned with the Avalanche roadmap to house high performance and asset applications.

    Capa 1 blockchain to admit NFT, games and digital assets

    According to the official Avalanche blog and the FIFA frequent questions sectionthe layer block chain 1 will not only be compatible with FIFA Collect, but will also provide a basis for future integrations, including NFT -based games and tokenized fans experiences.

    The infrastructure will house a wide range of digital assets, with the aim of offering a “soccer centered” user experience.

    This launch of layer 1 is the most complete blockchain initiative of the FIFA to date. Although FIFA previously explored the web3 during the 2022 World Cup through several Blockchain games and collectibles, this dedicated chain reflects a strategic leap.

    FIFA Collect will now become a cornerstone of that strategy, combining the participation of blockchain -based fans with scalable NFT delivery mechanisms.

    FIFA Rivals and the growing digital sport economy

    FIFA’s blockchain roadmap also includes external projects such as FIFA Rivals, a mobile football game developed by Mythical Games.

    The game will have an integrated NFT market and allow users to exchange NFT of soccer players. The initiative underlines the intention of the FIFA to be active in multiple digital areas.

    According to Beinypto, FIFA Rivals is expected to store a bridge between games and the property of digital assets, addressing mobile audiences with license content. The announcement adds to the growing list of sports properties that adopt web3 infrastructure.

    The broader trend shows a strong impulse, with tools for participating in block -based blockchain increasingly adopted by sports organizations around the world. Avalanche’s participation offers FIFA a solid basis for experimentation in NFT, games and digital rewards.

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    PI Network faces a 25% price drop while the tokens unlock avalanche continues

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  • The volume of operations in 24 hours is triggered at USD 1.63 billion.
  • A transaction moved 90 million tokens pi.
  • The announcement of the central team is expected for May 14.

    • Pi Network (PI) has lost a quarter of its value in a single day, going back from USD 1.40 maximums to around USD 1.10 after new 8 million tokens Pi in circulation were unlock.

    The fall of Token, which reversed a 100% rebound only a few hours earlier, has renewed the focus on its volatile commercial activity and the next unlock of 13 million tokens scheduled for May 15, a supply event that could add more pressure to the decline.

    The abrupt decrease began shortly after a week of intense commercial interest.

    In some exchanges, Pi rose around USD 0.70 to USD 1.29 and briefly reached a maximum of USD 1.40 before going back.

    Fountain: Coinmarketcap

    The increase registered a volume of operations in 24 hours of approximately USD 1.63 billion, driven by an important activity in the chain.

    Only a transaction involved 90 million tokens PI, indicating the growing influence of whale operations in the direction of the market in the short term.

    Tokens unlock triggers the mass sale

    The mass sale of May 11 coincided with the scheduled launch of 8 million previously blocked tokens, which added a new offer to the market.

    While tokens unlocks are routine for most cryptocurrency projects, the scale of this launch triggered an immediate reaction of traders who rushed to get rid of positions in dilution forecast.

    The next unlocking of Pi Network, on May 15, could introduce 13 million tokens PI even larger in the exchanges.

    This has raised concerns among investors about whether the foundations on the side of the platform’s demand can absorb such increases in circulating offer without greater pricing erosion.

    Some analysts point out that, unless PI central team makes a significant advertisement before or during the unlocking of May 15, the price of Pi could try support areas near USD 0.80 or even USD 0.60.

    The possibility of a massive sale in cascade has become more likely in the absence of new updates or listings of public services.

    Rumors and next update

    Despite the strong correction, the community speculation remains active around a possible price of PI in centralized exchanges.

    During the past week, rumors arose about an imminent binance price, which contributed to the increase in both price and volume. These rumors are still not verified at the time of writing this article.

    To the speculation is added an expected statement of the central team of Pi scheduled for May 14.

    No details have been revealed about the nature of this update, but the moment, only one day before the next important unlock of the Token, has led to the expectations of a product launch, an exchange association or a progress report of the main network.

    Many in the community consider the next announcement as a decisive moment.

    If promoters do not meet expectations, feeling could be further signed, increasing the probability of sustained weakness of prices during the second half of May.

    Volatility highlights price discovery

    While Pi Network’s volatility has worried some merchants, others argue that PI is still in the process of pricing, a common phase in the life cycle of emerging cryptoactives.

    During this period, large fluctuations are not unusual, since the market seeks fair value based on supply, demand and speculative interest.

    Since it began to quote on centralized platforms in December 2023, PI has lacked a completely defined range of values ​​due to restricted withdrawals and limited support of exchanges.

    As these restrictions are gradually lifted and tokens unlocks continue, the price of the asset is expected to stabilize, although short -term movements are likely to remain driven by the holders.

    That said, the next launch of 13 million tokens will be a key test for Pi Network resistance. If the project can combine this with a tangible update or exchange news, you could avoid a greater decline.

    But in the absence of such developments, traders can see deeper setbacks before a new support floor is established.

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