Try Quests to earn cryptoALGO NFT Tooling
Introduction
What is Algorand?
Algorand is an open-source, decentralized blockchain network that leverages a two-tiered structure and a unique variation of the Proof-of-Stake (PoS) consensus mechanism to increase transaction speeds and achieve finality. Algorand’s block rewards are distributed to all ALGO coin holders, offering all ALGO holders an opportunity to earn rewards instead of just block producers.
With the 2022 World Cup just months away, FIFA, soccer’s global governing body, has announced it will launch an NFT platform for soccer-themed digital collectibles.
The platform, FIFA+ Collect, is set to launch later this month, and will feature “affordable, inclusive, and accessible” NFTs that depict notable soccer moments, art, and imagery, according to FIFA. As the World Cup—set to take place in Qatar in late November—unfolds, moments from the marquee global soccer tournament may also be converted into digital collectibles.
NFTs are unique blockchain tokens that act as proof of ownership over digital assets, such as art, profile pictures, or video game items. FIFA+ Collect will run on the Algorand blockchain, a proof-of-stake Ethereum and Solana alternative developed by MIT professor Silvio Micali. In May, Algorand became FIFA’s official blockchain partner.
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Methodology
In this dashboard, we analyze the status of Algorand NFT marketplaces using Algorand database tables that are available on Flipside. Note: queries of this dashboard are automatically refreshed every 3 hours.
Technical:
> Algorand Tables: > algorand.core.ez_price_pool_balances > algorand.nft.ez_nft_sales > > Refresh Rate: 3 hours
