Algorand becomes first US blockchain sponsor of FIFA World Cup

Algorand aims to convert network transaction fees into carbon offsets

The competition held every four years last took place in Russia and was one of the world's most viewed sporting events, with the 2018 World Cup watched by over 3.2 billion people — around half of the world’s population aged over four. Around 1.1 billion people alone tuned in live for the 90-minute final between France and Croatia.

Algorand is the first new United States-based sponsor of the World Cup since 2011. The past decade has seen the association in hot water with U.S. federal prosecutors on charges of bribery, money laundering, and corruption, with recentin April 2020 for bribes in connection to the selection of World Cup host countries, including Qatar.

Over the last 24 hours, the price of Algorand’s native token has jumped by nearly 20% to $0.72 from a 24-hour low of $0.58 on account of the announcement.

Anyone now who the Liverpool FC crypto sponsor might be?

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