- FIFA is set to launch an NFT collection featuring some of the most iconic moments of the tournament’s history
- The NFT collection will be launched on the Algorand blockchain in late September.
The Fédération Internationale de Football Association popularly known as FIFA is launching an exclusive NFT collection featuring some of the greatest FIFA moments of all time.
FIFA Is Launching An Exclusive NFT Collection On Algorand
Renowned Soccer association FIFA is all set to experiment with the Non-Fungible Tokens sector by launching a new NFT collection dubbed FIFA+ Collect.
In collaboration with Algorand Blockchain, the platform will be launching a unique NFT collection outlining some of the greatest soccer moments in the history of FIFA’s world cup tournaments. The video clips capturing those moments will be released as NFTs and will be available for purchase from September onwards.
The announcement further added that these NFTs will encompass some of the most glorious moments of the tournament’s history including some of the most iconic goals, saves, and celebratory moments for the ultimate soccer fans to cherish and reflect on.
“The collection will go on sale in late September. These NFTs depict the most significant moments from FIFA World Cup matches, both the men’s and women’s tournaments with the FIFA Women’s World Cup.” the announcement later adds.
The holders of FIFA+Collect NFTs will also be entitled to receive additional perks including special access to matches and newly launched physical merchandise. The announcement further adds that more benefits are currently under work and will be announced soon.
Speaking about the upcoming collection which is set to go live on Algorand Blockchain, Romy Gai, FIFA’s Chief Business Officer, explained how the soccer fandom is constantly evolving and anticipates new creative ways to associate itself with the soccer domain.
“Fandom is changing and soccer fans around the world are engaging with the game in new and exciting ways. This exciting announcement makes FIFA collectibles available to all soccer fans, democratizing the opportunity to own a piece of the FIFA World Cup. Just like sports memorabilia and stickers, this is an accessible opportunity for fans around the world to engage with their favorite players, moments, and more on new platforms.” Gai later added.
The governing soccer association had earlier announced its collaboration with Algorand blockchain in May. Per the official agreement, Algorand had become FIFA’s official blockchain platform and will also act as FIFA World Cup Qatar 2022 Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
The agreement further entailed that Algorand will also assist FIFA in developing its digital asset strategy while FIFA would help Algorand in providing sponsorship assets including advertising, media exposure, and promotional opportunities.
Image Courtesy: FIFA/ Twitter
Indian Crypto Exchange WazirX Lays Off 40% Of Its Staff Citing The Ongoing Crypto Winter: Report
- Indian cryptocurrency exchange WazirX has reportedly laid off 40% of its staff, Coindesk report adds
- In a statement shared with the crypto news outlet, the exchange cites the prolonged crypto winter as its reason for slashing its workforce by 40%.
Per a Coindesk report, Indian cryptocurrency exchange WazirX has slashed its workforce by 40%, citing the ongoing crypto market phase.
WazirX Cuts 40% of Its Workforce
In a statement shared with Coindesk, WazirX, one of the leading cryptocurrency exchanges in India, has decided to lay off 40% of its staff, citing extreme crypto winter conditions. The company has reportedly laid off 50–70 people, three people familiar with the matter told Coindesk.
The statement later adds that these employees will be paid for additional 45 days, and after that, the workers are not expected to attend the company anymore.
WazirX, which is dubbed as one of the leading cryptocurrency exchanges in India, has cited the prolonged crypto winter as its primary reason, leading the firm to slash its workforce by almost 40%.
“The crypto market has been in the grip of a bear market because of the current global economic slowdown. The Indian crypto industry has had its unique problems concerning taxes, regulations, and banking access. This has led to a dramatic fall in volumes on all Indian crypto exchanges. ” The statement reportedly added
The firm further stated that it prioritises consumer protection and its decision to lay off 40% of its staff has been taken to “weather the ongoing crypto winter phase.”
“As India’s No. 1 exchange, our priority is to be financially stable and to continue serving our customers,” the company said. To achieve this, we’ve had to reduce our staff to weather the crypto winter. This situation is similar to the trying times the industry faced in 2018. At that time, we doubled down and built our innovative P2P engine. The crypto industry operates in cycles, and the bear market is inevitably followed by a spectacular bull market. We will continue to focus on our customers’ needs and continue to build. “We are confident that we will come out stronger when the bull market arrives,” the statement later adds
With WazirX slashing its workforce by 40%, the firm has joined the growing league of cryptocurrency exchanges that have recently decided to lay off their employees to stay afloat during the ongoing crypto winter phase. Crypto exchange Coinbase had earlier cut back on its workforce, citing the prolonged crypto winter. Similarly, exchanges like Bybit, Gemini, BitPanda, BlockFi, and Robinhood have also slashed their workforce to sustain the ongoing bearish crypto market phase.
Cardano’s Founder Charles Hoskinson Picks On Solana’s Recent Network Outage On Twitter
- Cardano founder Charles Hoskinson was seen making fun of Solana’s recent network outage.
- Solana went through another crypto network meltdown today, leading Hoskinson to mock its recent network performance.
The founder of Cardano cryptocurrency, Charles Hoskinson, took to Twitter to share a funny crypto meme that mocked Solana’s recent network outage.
Charles Hoskinson Trolls Solana’s Recent Network Outage
Solana, dubbed as a potential Ethereum killer, experienced another network outage today that ended up disrupting the network’s day-to-day transactional output. The blockchain took to Twitter to announce that its developers are currently examining the potential causes of the outage, leading the crypto community to share an array of opinions on Solana’s frequent network upheavals.
Charles Hoskinson, the founder of Cardano cryptocurrency, was also noted mocking Solana’s recent network outage. The ADA founder retweeted Solana’s network disruption tweet by sharing a crypto meme, picking on the chain’s constant network meltdowns.
Hoskinson’s tweet was met with a hint of criticism on crypto Twitter. Several users were quick to point out Hoskinson’s habit of making fun of other blockchain platforms. Some of the users also urged the Cardano founder to stop picking on other blockchain platforms when they encounter occasional network issues.
Solana Encounters Another Network Outage Today
Solana experienced another network outage today, resulting in the blockchain’s disrupted transactional volume. The Solana team took to Twitter to announce the network outage issue, adding that the blockchain is temporarily unable to process transactions.
This isn’t the first time Solana has experienced significant network downtime issues. The blockchain has reported multiple network outages throughout 2022, leading investors to question the blockchain’s structure and functionalities.
However, at press time, the network has resolved its network outage problem and is currently up and running again.
Uniswap Labs To Raise Venture Capital at $1B Valuation
- Uniswap Labs is gearing up to raise over $100 million in a new round of funding as it expands into new products and services.
- The decentralized exchange commands 64% of all DEX volumes, according to DeFi Llama.
- Uni’s new funding is indicative of the company’s ambitious plans
Uniswap Labs is gearing up to raise over $100 million in a new round of funding as it expands into new products and services, according to four sources familiar with the matter as reported by TechCrunch, and continues to gain mindshare among traders.
The company is currently seeking investors including Polychain and one of Singapore’s sovereign funds to raise an equity round of $100 million to $200 million at a valuation of about $1 billion.
The deliberations of the round haven’t reached final stages, so terms of the deal may change, sources cautioned.
Uni’s new funding is indicative of the company’s ambitious plans to expand its offerings. The decentralized exchange commands 64% of all DEX volumes, according to DeFi Llama. And the exchange protocol’s token has a market cap of nearly $5 billion despite the market downturn. (During the peak bull cycle last year, Uni’s market cap exceeded $22.5 billion.)
In recent months, Uniswap Labs has shared plans to add “several new products.” One of the new offerings will allow customers to trade NFTs on Uniswap from a number of marketplaces, Uniswap Labs COO Mary-Catherine Lader told Decrypt.
Lader told TechCrunch in an earlier interview that their mission is “to unlock universal ownership and exchange.” If you can embed the ability to swap value and have people join the community and exchange value with your project, or your company or organization — that’s a powerful way to allow more people to engage in this ownership.
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