The FIFA World Cup 2022 is one of the most anticipated events ever, and with worldwide crypto adoption spreading rapidly, it was certain for the World Cup to integrate it as well. FIFA leaned into crypto through NFTs, and with its marketplace going live, Algorand is enjoying a good run-up on the charts.

Seeing as Algorand (ALGO) is a proof-of-stake (PoS) blockchain, its security and success are based on its community members and stakers. These stakers are also majorly in charge of its entire governance process.

Algorand investors are, in the truest sense, absolutely unpredictable because when investors of every other cryptocurrency were moving away from their investments, ALGO holders were heading headfirst into the asset. This, despite the altcoin itself treading the abyss.

As the 2022 World Cup draws closer, the world’s soccer governing body, FIFA, announced the launch of an NFT platform to showcase soccer-related digital collectibles. FIFA plans to launch the platform (FIFA+ collect) towards the end of this month. These NFTs will be highlights of important soccer moments, imagery, and art. They will also be affordable, accessible, and inclusive.

Algorand (ALGO) is up 28% in the past week, remaining among the top weekly gainers. At the time of publication, ALGO was changing hands at $0.38, up 5.58% in the last 24 hours, per CoinMarketCap data. Two potential factors might have contributed to Algorand's 28% gain in the past week: an uptick in interest coinciding with its partnership with FIFA and positive growth in user base and TVL. Read more on U.Today https://u.today/algorand-is-up-28-in-week-here-are-two-potential-reasons-for-rise

Algorand, the Layer-1 proof-of-stake blockchain network, announced the appointment of Michele Quintaglie as its Chief Marketing Officer (CFO). Quintaglie has an extensive background in corporate communications in several Fortune 100 companies such as Visa Inc, United Technologies, and Fidelity asset management. She is tasked with improving the position of Algorand in the marketplace through key partnerships, sponsorships, and influencer marketing.

The Foundation stated that it is “pursuing all legal remedies to maximize asset recovery.”

SINGAPORE, Aug. 4, 2022 /PRNewswire/ -- The Algorand Foundation, whose mission is to grow the ecosystem of Algorand, the carbon-negative Layer 1 blockchain invented by Turing Award winner and MIT professor Silvio Micali, today announced the 10 winners of its Algorand Centres of Excellence (ACEs) Program with awards totalling $50M over five years. The program received 77 proposals with over 550 participants representing 46 countries; winners were selected by an international panel of 27 experts from a diverse set of disciplines.

Algorand (ALGO) just had its first 7-day winning streak, thanks to Bitcoin’s march towards $21,000. Litecoin (LTC) also posted a 5-day rally that sent its price j...