On May 22, FIFA officially announced a new partnership with Avalanche, one of the leading high-performance blockchains, to launch its own dedicated Layer-1 blockchain.
FIFA will leverage Avalanche’s ability to process over 6,500 transactions per second and its ultra-fast confirmation times to deliver superior performance and scalability. This aims to enhance the user experience for trading NFT collections tied to major global football tournaments.
Following the announcement, the market reacted positively, with AVAX recording a significant surge in trading volume. Over the past 24 hours, AVAX has jumped 9.79%, with daily volume reaching $114 million.
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