Crypto moving into world. Algo sponsor FIFA

[Lanatsa]

Being a sponsor for a big event is amazing, Crypto.com has set a great example for the blockchain industry. Cryptocurrencies have been a trend for a long time around the world, the Algorand partnership I think is to expand the Algo blockchain platform, advantage replaced by popularity, by the way to people hodl Algo good luck and hit new ATH.

Right, Crypto.com is in front and has a trickle effect now. And we all know that people behind this project is all businessman, so they will have to find a way to have their companies in front of the competition. So it's a good decision to see sports as one avenue for them to make crypto in general more closer to the masses. So this is another good and welcoming news. The effect might not be felt right away though, it might take some time for people to realized that crypto will be the biggest revolution.

Yeah, its true that it would really be good initial steps and its true that it couldnt really give out direct impact and its really just right to give them some time for total recognition because these things doesnt happen

with a snap and it would surely be happening on next years to come on where adoption do really raises up into a certain extent that it would really becomes a norm or would be commonly seen on any sports event.

Yes, its true that its part of the business but we could really still able to benefit because it does really increase out in terms of exposure which is a plus.

[Wakate]

I have seen this many time even in my local region where Binance is sponsoring musical shows  and other related ones. Crypto has gone farther than we think and more people are getting to know about it and reasons why they have to join the race. Algo sponsoring FIFA is a good attempt and it will make people and other investors to have good reasons why they have to invest in the project.

This is a marketing techniques where you sponsor shows so people can know more about you product and it's one of the most effect ways of doing advertisement to the general public.

[retreat]

this is great news, the FIFA world cup is the biggest football event in the world with billions of spectators waiting for their favorite country to compete, this is the perfect step to encourage mass adoption of crypto, congratulations algorand on your successful collaboration with FIFA.

[dunfida]

So this one talks about
World football’s governing body confirms collaboration with green blockchain technology company Algorand
Source

Good thing that they had made out considerations on making out collaboration with some blockchain tech company.
First time on hearing out Algorand but in overall this is a good initiative i would say.

[yazher]

Yeah! they are now like the other big companies out there that are sponsoring sports for promotions and the government seems neutral about it some of them support it though many still have doubts, they cannot do anything when the result of their bad assumptions was fruitless. Now we see it clearly that the world of the crypto industry is quickly adopted by the industries all around the world especially the sports industry and earlier in the Boston vs Bucks game, I saw that they are sponsored by Coinbase as well.

[Jawhead999]

This is the reason why this coin's price pump for short time [1]
I think any coins who partnered with big companies or projects have nothing to lose since they're creating their coins out of thin air. They're not giving their money, but they're giving an investors money since the price are created from the investors. All the risk will be on big companies or projects who accept the coins, if they're turn to be scam coin, the will got blamed for promoting scam.

[1] https://coinmarketcap.com/currencies/algorand/

[goldkingcoiner]

World football’s governing body confirms collaboration with green blockchain technology company Algorand
Algorand will become the official blockchain platform of FIFA
Partnership announced by FIFA President Gianni Infantino and Algorand founder Silvio Micali in Los Angeles, USA
FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.

The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a 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 recent AFCON was sponsored by Binance. Blockchain network Algorand (ALGO) will sponsor FIFA, you can read more information about this on the quote or click on the link on the quote for the full news information. Crypto related businesses are getting more into the real world, this will favour Algo but also cryptocurrencies is becoming the trend in the world. What do you people see about this, with this more people will also know about cryptocurrencies.

Oh wow, great news for ALGO indeed! I was curious as to why the ALGO price was spiking but had not taken a gander at the news yet. But this definitely is wonderful news and I even think I might invest in ALGO and see how things go until the end of the year.

Did they mention when exactly the partnership would be decided and when we got to know more about the details of the actual implementation?

Bitcoin is definitely being supported currently, even during dippy times as now, by the ALGO news! Who knows, it might counterbalance the LUNA FUD

[AicecreaME]

It's a breath of fresh air to read news article like this. Having another party aside from the usual ones we see when the topic is cryptocurrency is a good thing. Usually it's just Binance who take participation in these kind of events and I'm glad another one is being partnered to another entity that could make cryptocurrency community more known aside from its usual audience.

I've read in the article that the partnership has plans to incorporate the development and enhancement of digital assets method to widen the reach of spread with the help of their partner in sponsoring the ads, which is FIFA. Their goal which is transparency, growth and development, and inclusivity in the fields of arts, music, sports and the likes are great initiative too. Hopefully, there would be more of this in the future.

[michellee]

this is great news, the FIFA world cup is the biggest football event in the world with billions of spectators waiting for their favorite country to compete, this is the perfect step to encourage mass adoption of crypto, congratulations algorand on your successful collaboration with FIFA.

Of course, that's great news for the crypto community because it can bring a breath of fresh air to crypto so that it can be better known by many people who watch FIFA. The adoption process could be even greater because it will bring curiosity to the audience when they see the logo of the coin project. Whatever the result of FIFA, it will give good results for crypto so more people will use crypto in the future.

[molsewid]

Being a sponsor for a big event is amazing, Crypto.com has set a great example for the blockchain industry. Cryptocurrencies have been a trend for a long time around the world, the Algorand partnership I think is to expand the Algo blockchain platform, advantage replaced by popularity, by the way to people hodl Algo good luck and hit new ATH.

Indeed, as time passes by many corporations in different industries open their door for innovations, I remembered an esport team here in my country their sponsor that time is BHC or Billion Happiness Coin if I'm not mistaken, during that time only few notices the logo printed in their shirt, now the team is gone but soon I believe more and more crypto related companies will soon sponsored international games in different areas.

[livingfree]

I'm not sure if this was also the event that crypto.com has failed to be chosen as the major sponsor because there's a company from India that had won the bidding.

But if this is a different one, we're now seeing crypto companies that are starting to get up a little by little and show that they're also interested in advertising and sponsoring through these big events.

[Sterbens]

I'm personally happy to hear that FIFA is so open about sponsoring cryptocurrencies. But is there any suggestion that is much more appetizing for Algorand to get into gambling. For example entering payment alternatives at the casino? it will be much better for Algo development process in the future.

[Smartvirus]

FIFA is the main governing body of soccer and there involvement with crypto projects is a breath of fresh air for cryptocurrencies at large.
Some projects have tried to break in to sponsor teams from way back, I can recall when Watford featured bitcoin on there Jersey back in 2019/2020, courtesy of sportsbet.io and so you can tell that, the innovation has been coming and with Binance sponsorship of the AFCON,  it was only a matter of time before crypto projects gets to penetrate the soccer governoring body as we have it now and this surely gives cryptos a new look on the sides of sports. It's already a huge part of the gambling industry and soon, we would get tickets to games using cryptos. The momentum it continues to gain is one that comes with promises.

[savetheFORUM]

Oh wow, great news for ALGO indeed! I was curious as to why the ALGO price was spiking but had not taken a gander at the news yet. But this definitely is wonderful news and I even think I might invest in ALGO and see how things go until the end of the year.

Did they mention when exactly the partnership would be decided and when we got to know more about the details of the actual implementation?

Bitcoin is definitely being supported currently, even during dippy times as now, by the ALGO news! Who knows, it might counterbalance the LUNA FUD

I didn't knew about this coin to be honest but is this a really good coin for it to be talk about? But still careful investing on this coin only because it is on hype now because we never knew that once the hype is over, the price of this coin will go down and will never recover again.

For the details in regards to partnerships and other stuffs, you can always check out their social media pages or ask questions directly on their telegram group. A quick google search should give you all their handles. I didn't knew that there's an ongoing fud in luna but this algo news like this, doesn't fix the emotion of those luna supporters as both coins are different.

[Wiwo]

This is a good move in the right direction trying to breeze the gap between blockchain and the sports industry even though they both have a lot to develop and work on this move by FIFA to collaborate with the sponsorship of its 2022 football tournament with blockchain firm. I have seen a lot of advertisements of crypto-related platforms on popular football league matches on Billboard which to me is enough awareness of the cryptocurrency industry, I saw a lot of binance advertising on some international league live matches. This is a welcome development.

[goldkingcoiner]

Oh wow, great news for ALGO indeed! I was curious as to why the ALGO price was spiking but had not taken a gander at the news yet. But this definitely is wonderful news and I even think I might invest in ALGO and see how things go until the end of the year.

Did they mention when exactly the partnership would be decided and when we got to know more about the details of the actual implementation?

Bitcoin is definitely being supported currently, even during dippy times as now, by the ALGO news! Who knows, it might counterbalance the LUNA FUD

I didn't knew about this coin to be honest but is this a really good coin for it to be talk about? But still careful investing on this coin only because it is on hype now because we never knew that once the hype is over, the price of this coin will go down and will never recover again.

For the details in regards to partnerships and other stuffs, you can always check out their social media pages or ask questions directly on their telegram group. A quick google search should give you all their handles. I didn't knew that there's an ongoing fud in luna but this algo news like this, doesn't fix the emotion of those luna supporters as both coins are different.

I would not jump into an investment just because of one good news article. I also do not want to make it seem like I am giving investment advice (which I am not). Any coin or token should be scrutinized with unparalleled severity before it even comes close to being a good investment decision.

ALGO might have gotten really good news now, but they have not been making a lot of noise (big good news) for quite a while now. So this might be a lucky one time thing.

Either way, we should continue observing ALGO, just in case it does prove to be a nice investment.

[rhomelmabini]

Oh wow, great news for ALGO indeed! I was curious as to why the ALGO price was spiking but had not taken a gander at the news yet. But this definitely is wonderful news and I even think I might invest in ALGO and see how things go until the end of the year.

Did they mention when exactly the partnership would be decided and when we got to know more about the details of the actual implementation?

Bitcoin is definitely being supported currently, even during dippy times as now, by the ALGO news! Who knows, it might counterbalance the LUNA FUD

The FOMO kicks in and that's the thing when there's a good news from a coin but tbh it will not last that long. If you caught on a FOMO news, it's not necessarily a bad thing but the approach is likely avoidable, it shouldn't just be the news to rely on, just a suggestion to those who might read this. The event has really significant impact not just to crypto space alone but to the sports industry as well.

[Slow death]

we need to tell joy by looking at the news like it and not fantasizing about things, this collaboration is restricted to blockchain and not in altcoins or bitcoins, then they don't mention altcoins or bitcoin, so this has little relevance to the cryptocurrency market, little or nothing will do to create demand for altcoins and bitcoin because this is about blockchain and not about altcoins and bitcoin. if fifa said it is accepting bitcoin as a payment method and that it is also accepting altcoins as a payment method, then we could have reason to celebrate.

Oh wow, great news for ALGO indeed! I was curious as to why the ALGO price was spiking but had not taken a gander at the news yet. But this definitely is wonderful news and I even think I might invest in ALGO and see how things go until the end of the year.

Did they mention when exactly the partnership would be decided and when we got to know more about the details of the actual implementation?

Bitcoin is definitely being supported currently, even during dippy times as now, by the ALGO news! Who knows, it might counterbalance the LUNA FUD

The FOMO kicks in and that's the thing when there's a good news from a coin but tbh it will not last that long. If you caught on a FOMO news, it's not necessarily a bad thing but the approach is likely avoidable, it shouldn't just be the news to rely on, just a suggestion to those who might read this. The event has really significant impact not just to crypto space alone but to the sports industry as well.

this news is about blockchain has nothing to do directly with altcoins and bitcoin, I see no reason to celebrate or be happy, all countries in the world accept blockchain without problems, this is nothing new, it just has problems with altcoins and bitcoin, so we have to celebrate only when it comes to altcoins and bitcoins

[batang_bitcoin]

this news is about blockchain has nothing to do directly with altcoins and bitcoin, I see no reason to celebrate or be happy, all countries in the world accept blockchain without problems, this is nothing new, it just has problems with altcoins and bitcoin, so we have to celebrate only when it comes to altcoins and bitcoins

The company name is Algorand and they also have a coin named after it and that's why it's okay to assume that the effect would also come with the increase in the price of their token.
Although, it's all about blockchain and when we're associating with the technology, it's already tied and paired with cryptocurrencies so whenever we see news about the tech and the name is there of that coin or token, we're all assuming its price to go higher.

[jostorres]

This is the reason why this coin's price pump for short time [1]
I think any coins who partnered with big companies or projects have nothing to lose since they're creating their coins out of thin air. They're not giving their money, but they're giving an investors money since the price are created from the investors. All the risk will be on big companies or projects who accept the coins, if they're turn to be scam coin, the will got blamed for promoting scam.

But, the only problem is if the brand will accept their own native token because I believe that most brands only trust bitcoin and will prefer it over any other cryptocurrencies. I don't believe that they will sponsor such prestige brand as fifa because even the very own crypto.com have been rejected before, how much more this when crypto.com is in fact much bigger than them. They better start first on smaller brands because it is more easier and the chance for them to get the deal is high. If they pay with their native token, then they aren't paying with a real money or investors money. Investors' money have been already pocketed them.