
Algorand (CRYPTO: ALGO) — a major proof-of-stake blockchain famous for being environmentally-friendly — will assist Fédération Internationale de Football Association (FIFA) in developing a digital assets strategy and official wallet solution.
What Happened: FIFA announced on Monday that it has "teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal." As part of the agreement, Algorand will also "assist FIFA in further developing its digital assets strategy" while receiving "advertising, media exposure and promotional opportunities."