Decentral Block Post

Key takeaways:

Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return.

The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions.

Ether (ETH) has been trading below $1,900 since March, leading investors to question whether the failed attempt to reclaim $4,000 in December 2024 signaled the end of an era for the leading altcoin. Concerns continue to mount as derivatives market data shows that professional traders remain cautious about ETH’s price outlook. 

ETH monthly futures should trade at a premium of 5% or more compared to spot markets to compensate for the longer settlement period, but this indicator has held below the neutral threshold.

The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2013.

“In the early days, only a few companies approached compliance in a serious way,” Smith told Cointelegraph at the Token2049 event. “Coinbase was our first customer — they knew from the start that they wanted to build their business that way. But for most others, it just wasn’t a major priority.”Elliptic co-founder James Smith at Token2049. Source: Cointelegraph

That began to shift as regulators, including those in New York State, took a more active interest in the crypto industry. The involvement of traditional financial institutions like Fidelity and DBS Bank also contributed, as they entered the space with established compliance expectations from traditional finance services.

Fidelity, for instance, offered its first crypto service for customers in 2019, while the Asian giant DBS created a digital exchange for accredited and institutional investors in 2020.

“We've seen a big change in the last couple of years. Exchanges on the global map all care about compliance now, because they want to be part of a global ecosystem,” Smith said.

Related: DeFi security and compliance must be improved to attract institutions

Binance co-founder and former CEO Changpeng “CZ” Zhao took the stage at Token2049 in Dubai, United Arab Emirates (UAE), where he told the audience that his investment in social media platform X was aimed at protecting freedom of speech.

The former Binance executive joined a fireside panel with macroeconomic analyst Raoul Pal to discuss the rationale behind his 2022 investment in X and artificial intelligence. Zhao said:

"I think freedom of money is important, but to have freedom of money, you have to have freedom of speech. Freedom of speech is kind of the bottom line. If you don't have that, nothing — no other freedom — works."  

"So, when we invested in Twitter back then, it was based on that philosophy," Zhao continued.

The former Binance CEO also criticized Europe's crypto policies, characterizing them as dead in the water compared to more pro-business jurisdictions like the United Arab Emirates (UAE), as he advocated for greater financial autonomy and personal liberties.

Macroeconomic analyst Raoul Pal and Changpeng Zhao at the Token2049 event. Source: Cointelegraph

Related: CZ aims to teach 1 billion kids through Giggle Academy — Token2049

Key takeaways:

Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off.

Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future.

Bitcoin (BTC) price knocks on the door of $95,000 after starting the NY trading session with a slight sell-off to $92,910 following alarm-raising US GDP data, which showed the economy shrank in Q1 2025. The move mirrors a similar recovery seen in the DOW and S&P 500, which bounced 0.35% and 0.15% respectively at the closing bell. 

The quick recovery in Bitcoin price highlights the strong bid by a variety of market participants, and it lines up with the view that the April 30 GDP data could be a one-off event resulting from businesses ramping up their imports ahead of President Donald Trump’s tariffs on about 90 countries. 

Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, according to an April 30 post on the X platform. 

The company also set more favorable chances of approval for other altcoin ETFs, including proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric Balchunas said in an X post. 

The estimates reflect an improved outlook from Bloomberg analysts. In a February analysis, Bloomberg pegged the odds of a Solana (SOL) ETF approval at only 70%. They ascribed a 65% and 75% chance of approval to funds holding XRP and DOGE, respectively. 

As of April 30, six asset managers — including Grayscale, VanEck and 21Shares — are awaiting clearance from the US Securities and Exchange Commission (SEC) to list ETFs holding the Solana blockchain network’s native cryptocurrency. 

The same number of issuers are waiting on approval for XRP ETFs, and three are seeking approval for DOGE funds, according to Bloomberg data. The SEC has until October to review and potentially approve the proposed funds.

US-based cryptocurrency exchange Coinbase has filed an amicus brief in the country’s Supreme Court in support of a taxpayer fighting the Internal Revenue Service (IRS) gaining access to his data from a digital asset platform.

In an April 30 filing in the Supreme Court of the United States (SCOTUS), lawyers for Coinbase argued that a First Circuit Court of Appeals decision set a “dangerous precedent” for crypto users, potentially allowing the government to “trace users’ every crypto transaction in the past and monitor every crypto transaction in the future.” The appeal to the Supreme Court stemmed from petitioner James Harper, a Coinbase user, who took legal action against the IRS after the crypto exchange was forced to turn over transaction data to the government using a sweeping “John Doe” summons in 2017.

“This case directly affects Coinbase’s interest in protecting the privacy rights of its users and in the correct application of this Court’s doctrine on constitutional guarantees against warrantless government demands for third-party service providers to surrender users’ personal information,” the brief reads.

“If the First Circuit’s ruling is allowed to stand, the Fourth Amendment will give no protection to millions of law-abiding Americans who routinely share intimate personal information with the third parties that ubiquitously store, transmit, or provide services based on that data,” it added.

April 30 Coinbase amicus brief. Source: US Supreme Court

An amicus brief is a filing in support of a plaintiff by an entity that is not directly involved. The case before the court has the potential to set significant precedents for digital privacy rights for crypto users and how the IRS will be allowed to gather data on taxpayers. Both the US District Court for the District of New Hampshire and the First Circuit have ruled against Harper’s petition, leaving the Supreme Court as his last option for an appeal.

US Dollar-pegged stablecoins are on track to reach an aggregate market capitalization of approximately $2 trillion by 2028, according to the United States Department of the Treasury’s Q1 2025 report.

Stablecoins’ cumulative market cap currently stands at roughly $230 billion, but “[e]volving market dynamics [have] the potential to accelerate stablecoins’ trajectory to reach ~$2tn in market cap by 2028,” the Treasury said in the April 30 report. 

A stablecoin is a cryptocurrency whose value is pegged to a traditional asset like the US dollar. According to the report, such tokens are already “ubiquitously utilized as ‘cash on-chain,’ effectively serving as a new payment mechanism.”

Additionally, the emergence of “tokenized [money market funds] has recently created an alternative option to stablecoins, primarily given their yield-bearing feature,” the report reads.

Treasury on stablecoins’ impact. Source: US Treasury

Related: Stablecoins boosting demand for US T-bills: Treasury Dept

Key takeaways:

Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles.

ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally.

The MVRV Z-Score has entered the accumulation zone, signaling undervaluation.

Ethereum’s native token, Ether (ETH), is flashing a combination of technical and onchain signals once seen in the early stages of its 2017 bull run, a cycle that produced over 25,000% gains.

Binance co-founder Changpeng “CZ” Zhao wants to provide free education for up to a billion children worldwide with his Giggle Academy venture, he told an audience at Token2049 in Dubai, United Arab Emirates (UAE).

"In a few years, I think, I want to teach 100 million or 1 billion kids for free,” Zhao told the audience. Giggle is a free online platform that provides elementary education through gamified lessons.

"With the technologies we have today, it's not that hard to make an app that will stick, that's educational, but also glues the kids to the device," the crypto entrepreneur said.

Raoul Pal pictured (left) and Binance co-founder Changpeng Zhao (right) at the Token2049 conference in Dubai. Source: Cointelegraph

Giggle's concept paper outlines the project's goal of providing K-12 education globally for free by offering non-traditional educational courses in topics such as negotiations, finance, entrepreneurship, sales, legal, accounting, blockchain, and AI in phases.

In April 2024, the Binance co-founder announced he was stepping away from the company and focusing on educational initiatives as he prepared to serve a four-month prison sentence for violating US money laundering laws, which he completed in September 2024.

Key takeaways:

Bitcoin’s price increased by sixfold each time its age increased by 40%.

If the pattern holds, Bitcoin could rally to $351,046 in 2025.

New data highlights a historical pattern that results in Bitcoin (BTC) price increasing by sixfold. Using a logarithmic chart to illustrate the trend from 2011, the model projects BTC price to hit $351,046 in 2025.

According to 21st Capital co-founder Sina, the study plots Bitcoin’s price on a log-log graph, showing a linear relationship that reflects predictable long-term growth driven by network dynamics, a behavior characteristic associated with BTC’s limited supply. 

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview.

Tether’s flagship stablecoin, USDT (USDT), is already the US dollar’s top “exporter,” Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to data from CoinGecko. 

Now, Tether is preparing to expand into the US market “by the end of this year or early next year, at the fastest,” Ardoino said, adding that the timing depends on US lawmakers’ progress on stablecoin legislation.

The stablecoin issuer is working to woo US regulators by proactively collaborating with law enforcement and highlighting USDT’s benefits for the US economy.

"We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” the CEO said.

After months of volatility and extreme fear, crypto markets turned a positive corner in the second half of April, highlighting the industry’s big sentiment shift. 

For venture capital, it was business as usual, with investors continuing to pour money into promising startups across layer-1 blockchains, infrastructure, real-world asset tokenization (RWA), and Web3 social media.

This edition of VC Roundup highlights six notable funding deals from April.

Unto Labs raises $14.4M for layer-1 blockchain

Blockchain R&D company Unto Labs raised $14.4 million to continue developing its scalable layer-1 network called Thru. The pre-seed and seed funding was led by venture firms Electric Capital and Framework, with support from angel investors in the Solana engineering community.

The company is led by former Solana contributor Liam Heeger, who argues that “blockchains painted themselves into a corner by inventing custom Virtual Machines (VMs),” which he believes has prevented mainstream adoption.

Key takeaways:

ETH price has underperformed its peers during the current bull market, but gas sponsorship could lure developers and traders back to the network.

Ethereum’s upcoming Pectra upgrade promises to improve staking efficiency, potentially increasing demand for ETH.

Data suggests ETH price bottomed. Will the Pectra narrative reignite bullish momentum?

Since 2024, ETH (ETH) has been more of a meme than a market mover. Unlike most of its rivals, ETH still hasn’t reclaimed its all-time high of $4,870 from November 2021, and it regularly underperforms even in the weak altcoin market. Currently, ETH trades at $1,813, down 56% from its local peak in December 2024.

Blockchain payments firm Ripple has reportedly bid up to $5 billion in an effort to acquire stablecoin issuer Circle, but the offer was rejected.

According to an April 30 Bloomberg report, Ripple put in a bid of $4 billion to $5 billion as part of an attempted takeover of Circle, which was rejected as being too low. Ripple hasn’t considered whether to make another bid to purchase the stablecoin issuer.

The reported acquisition attempt came less than 30 days after Circle applied for an initial public offering (IPO) in the US. Cointelegraph reached out to representatives of Circle and Ripple for comment, but had not received a response from either at the time of publication.

Related: Ripple acquisition of Hidden Road a ‘defining moment’ for XRPL — Ripple CTO

Ripple reportedly had an $11 billion valuation in 2024, an estimate CEO Brad Garlinghouse called “outdated” as of January. The blockchain company purchased prime broker Hidden Road for roughly $1.2 billion in April, claiming the move would help scale activity for XRP and XRP Ledger.

Key points:

Bitcoin’s 7-day volatility is the lowest in 563 days, signaling an impending range expansion.

Bitcoin’s breakout above $95,000 could swiftly take it to $100,000 and above.

Although the probability is low, traders should remain cautious about a pullback in the near term.

Bitcoin (BTC) has been trading in a tight consolidation near the $95,000 level for several days. K33 Research head of research Vetle Lunde said in a post on X that Bitcoin’s 7-day volatility has hit a 563-day low.

Governments outside the US, including Singapore, are increasingly interested in stablecoins not tied to the US dollar, despite their currently limited liquidity, Fireblocks director of policy Dea Markova told Cointelegraph at Token2049.

In an exclusive interview, Markova described the competition with dollar-pegged stablecoins as “all about sovereignty.” She compared the situation to earlier tensions between governments and US payment giants like Visa and Mastercard. “Now we’re seeing the same dynamic with stablecoins — on a smaller scale for now — but they’re definitely emerging as a new arena for sovereign concerns,” she said.

According to Markova, dollar-pegged stablecoins operating in the European Union are already "having a massive headache," particularly from central banks. "Even though they're compliant and regulated, they're having a fixed push back.”

Dea Markova at Token2049. Source: Cointelegraph

The European Central Bank is increasing pressure to accelerate the development of a digital euro, citing concerns over the systemic impact of dollar-linked stablecoins within the eurozone.

On April 29, the Bank of Italy released a report saying dollar-pegged stablecoins’ reliance on US Treasury bonds could increase systemic risk vulnerabilities.

Key Takeaways:

US GDP shrank -0.3% in Q1, far below +0.3% forecasts, sparking recession fears.

Bitcoin faces selling pressure with its spot volume delta dropping $300 million in 3 days.

Whales are accumulating BTC, but smaller holders are selling, hinting at profit-taking.

Bitcoin’s (BTC) price dropped under $93,000 on April 30, after the US Gross Domestic Product (GDP) data revealed a -0.3% contraction in Q1. While the GDP missed expectations of +0.3%, the GDP Price Index soared to 3.7%—the highest since August 2023. Polymarket odds of a recession in 2025 hit 67%, with consumer confidence at its lowest since May 2020.

Changpeng “CZ” Zhao, the former CEO of crypto exchange Binance, said most European countries were moving “nowhere” in terms of the adoption of digital currencies.

Speaking at the Token2049 conference in Dubai on April 30, Zhao said that areas of the United Arab Emirates were “extremely pro-business,” leading to crypto adoption in Dubai, while others like Bhutan were building national Bitcoin (BTC) and Ether (ETH) stockpiles. According to Zhao, the US was pressing other countries’ hands by exploring its own policies for a crypto reserve, but those in Europe didn’t seem to be reacting.

“I don’t see Europe in this discussion,” said Zhao, highlighting one exception. “Montenegro is actually quite pro-crypto. We had an active dialogue with [the] prime minister there, and he’s a very forward-thinking person, leader. But other than Montenegro, I don’t have any other, it’s kind of missing on the map.”

Related: ‘Wealthiest US prisoner’: How did Binance founder CZ get there?

Zhao, who has a home in Dubai, resigned as Binance CEO in November 2023 as part of a plea deal with US authorities pursuing charges against the exchange. Since leaving Binance and serving four months in prison in the US, he has become more involved with his educational platform, Giggle Academy. 

Asset manager Grayscale launched the Grayscale Bitcoin Adopters exchange-traded fund (ETF), an investment vehicle that tracks companies employing a Bitcoin (BTC) treasury, or holding strategy.

According to the April 30 announcement, the ETF will provide exposure to companies across seven business sectors, including Bitcoin mining firms, automotive companies, and energy.

Some of the most notable firms in the ETF include Michael Saylor's Strategy, mining company MARA, automotive manufacturer Tesla, BTC treasury company Metaplanet, and aerospace energy firm KULR Technology Group.

Grayscale's Bitcoin Adopters ETF highlights the growing trend of Bitcoin acquisition companies using the scarce digital asset to drive up shareholder prices and to protect their corporate financial reserves against the inflation inherent in fiat currencies.

Public companies with Bitcoin holdings. Source: River

Related: Cantor plans $3B crypto venture with SoftBank, Bitfinex and Tether: Report

Key points: 

US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts.

Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support. 

Today’s crypto derisking is likely transitory; market fundamentals remain strong.

Bitcoin (BTC) price took an abrupt tumble as data showed the US gross domestic product (GDP) retracting by 0.3% in Q1, raising alarms among analysts anticipating a recession. Following the news, BTC price dropped to an intra-day low of $92,910, while the DOW and S&P 500 fell by 1% and 1.3% respectively. 

Opinion by: Fraser Edwards, co-founder and CEO, Cheqd

Brutal honesty has its place, especially when confronting discomfort, so here’s one that can’t be sweetened with honey: 96% of imported honey in the UK is fake! Tests found that 24 of 25 jars were suspicious or didn’t meet regulatory standards. 

Self-sovereign identity (SSI) can fix this. 

The UK Food Standards Agency and the European Commission both urge reform to tackle this concern by creating a robust traceability database within supply chain networks to ensure consumer transparency and trust. Data, however, is not the problem. The issue is people tampering with it. 

This is not the first time products have been revealed to be inauthentic, with the Honey Authenticity Network highlighting that one-third of all honey products were fake in 2020, a fraudulent industry amounting to 3.4 billion euros ($3.65 million) of counterfeit goods entering the EU in 2023, as reported by the European Commission.

April 2025 witnessed crypto markets rocked by more tariffs at the direction of US President Donald Trump — controversial policies that could have influenced the outcome of Canada’s elections on April 28.

On April 2, Trump levied “discounted reciprocal tariffs” on 185 countries and territories. The Dow Jones Industrial Average dropped 2,200 points on April 4, while the S&P 500 dropped nearly 6%, its largest decline since March 2020. Bitcoin (BTC) went along for the ride but broke from stocks as it recovered toward the end of the month. 

Blockchain adoption metrics for Ethereum are looking good, as the network now boasts 60% real-world asset (RWA) tokenization value. Major firms like BlackRock are sure the blockchain will be the standard for RWAs, but other observers believe that scaling issues could create problems.

On matters of policy, pro-crypto legislators in a number of US states are pushing their respective bills; two states have introduced new legislation in April. In Canada, pro-crypto Conservatives lost to the Liberals, but the victors must form a minority government.

Here’s April in numbers.

“Liberation Day” sees markets plunge, Bitcoin up 16% on the month

On April 2, the US president levied retaliatory tariffs on all US trade partners, sending Wall Street into a spiral. Between the announcement after market close and the end of trading on April 8, global markets wiped off more than $8.5 trillion in asset value. By the same date, the S&P 500 had fallen by just north of 12%.

Market value has since inched back upward as some countries court the Trump administration seeking tariff relief, but major partners such as China still haven’t budged. While markets have recovered slightly, losses still amount to a “mere” $1 trillion, according to investment managers AJ Bell. 

Chinese artificial intelligence development company DeepSeek has released a new open-weight large language model (LLM).

DeepSeek uploaded its newest model, Prover V2, to the hosting service Hugging Face on April 30. The latest model, released under the permissive open-source MIT license, aims to tackle math proof verification.

DeepSeek-Prover-V2 HuggingFace repository. Source: HuggingFace

Prover V2 has 671 billion parameters, making it significantly larger than its predecessors, Prover V1 and Prover V1.5, which were released in August 2024. The paper accompanying the first version explained that the model was trained to translate math competition problems into formal logic using the Lean 4 programming language — a tool widely used for proving theorems.

The developers say Prover V2 compresses mathematical knowledge into a format that allows it to generate and verify proofs, potentially aiding research and education.

Related: Here’s why DeepSeek crashed your Bitcoin and crypto

Ethereum co-founder Vitalik Buterin released another update on what he believes the future of the network should entail.

In an April 30 post on blockchain-based social media platform Farcaster, Buterin outlined his personal areas of focus for Ethereum development this year. These include investigating changes to the network infrastructure to achieve single-slot finality, updates to smart contract execution and enhancements to privacy.

The post comes as the Ethereum network hits a new milestone. GrowThePie data shows that the weekly number of unique addresses interacting with the Ethereum ecosystem reached a new high of over 15.4 million, with nearly 13.45 million on layer-2 protocols.

Weekly chart of unique active addresses in the Ethereum ecosystem. Source: GrowThePie

Buterin recently argued that privacy should be a top priority for developers and proposed solutions to boost privacy on Ethereum. Earlier in April, he also published a short-term privacy roadmap for Ethereum, detailing technical solutions to the network’s transparency.

Buterin’s focus on forward-looking research follows changes at the Ethereum Foundation, the nonprofit organization developing the Ethereum ecosystem. Earlier this month, the Ethereum Foundation co-executive director, Tomasz Stańczak, said that Buterin now has more time for research and exploration.

An elderly US individual is reportedly the victim of a devastating $330 million Bitcoin heist, now ranked as the fifth-largest crypto hack in history.

The attacker used advanced social engineering tactics to gain access to the victim’s wallet, onchain investigator ZachXBT said in an April 30 update on X.

The hack took place on April 28, 2025, when ZachXBT flagged a suspicious transfer involving 3,520 Bitcoin (BTC), valued at $330.7 million.

Following the transfer, the stolen stash was quickly laundered through over six instant exchanges and swapped into privacy-focused cryptocurrency Monero (XMR).

Onchain data shows that the victim had held over 3,000 BTC since 2017, with no prior history of large-scale transactions.

Crypto was born from an open-source ethos, where code was shared publicly, accessible for review and shaped by community contributions. Transparency and verifiability are foundational principles that enable trust in Bitcoin.

But as the space matured, some disadvantages of open source surfaced. Innovative smart contract platforms and decentralized finance (DeFi) applications were forked to create direct competitors — from the wave of Uniswap clones to Ethereum forks — which prioritized speed and lower fees over decentralization.

As a result, some projects opted for closed-source development to protect proprietary designs and reduce the risk of exploits, hoping to delay or deter malicious actors by making the code harder to analyze. This approach is often criticized as “security through obscurity,” where hiding vulnerabilities instead of fixing them becomes a line of defense.

Closed-source systems run counter to crypto’s original vision of decentralization and transparency. What started as a grassroots movement among cypherpunks and hackers is now increasingly mainstream and integrating with the very institutional system it once sought to disrupt.

Solana Loopscale exploit shows why open source can still be more secure

An exploit on Solana’s Loopscale protocol shows that closed source is not a one-size-fits-all solution for keeping malicious actors out. On April 26, just weeks after launching, the closed-source DeFi lending platform suffered a $5.8-million exploit.

Cryptocurrency hackers stole more than $90 million in April, dealing another blow to the industry’s mainstream reputation despite ongoing efforts to improve cybersecurity.

Hackers made off with $92 million of digital assets across 15 incidents in April, according to an April 30 research report by blockchain cybersecurity firm Immunefi.

The total marks a 124% month-over-month increase from March, when hackers stole $41 million.

Crypto stole in April 2025. Source: Immunefi

The month’s largest hack on open-source platform UPCX accounted for most of the damage in April, with over $70 million in losses, while KiloEx lost $7.5 million as April’s second-largest hack.

The KiloEx exploiter returned the stolen funds just days after the attack occurred.

Decentralized finance (DeFi) platform Mantra has called for industry-wide cooperation to reduce investor risks in the aftermath of its OM token crash.

On April 30, Mantra published its latest update since the sudden collapse of its OM token, claiming that the incident was “bigger than Mantra.”

“Liquidation cascades could happen to any project in the crypto industry,” Mantra CEO John Mullin warned in the post, pointing to the role of “aggressive leverage positions” on exchanges as a broader threat to investor safety.

Mantra’s industry-wide call to action is the biggest section in the latest OM crash update. Source: Mantra

“We’re cooperating with major exchanges to improve market stability, and we’re calling on the rest of our industry to provide input on how exchange policies can minimize — or continue to permit — policies that create risk to investors,” the update states.

Progress includes governance improvements

Aside from calling global centralized exchanges to review their leverage policies, Mantra listed a few key solutions following the OM crash.

Key takeaways:

Macro Chain Index issues first buy signal since 2022, hinting at a new Bitcoin bull run.

RSI crossover on the MCI aligns with past cycle bottoms that preceded 500%+ BTC rallies.

Bitcoin price recovers from $74K to $95K amid rising open interest and positive funding rates.

A key Bitcoin (BTC) indicator that accurately signaled the 2022 market bottom has just flashed another buy signal, suggesting the cryptocurrency may be entering a new bull phase.

The Federation Internationale de Football Association (FIFA) plans to launch a new blockchain network to support its non-fungible token (NFT) collectibles, the organization announced on April 30.

FIFA will launch its “FIFA Blockchain,” with Ethereum Virtual Machine (EVM) compatibility and aims to provide “better performance, future features, and improved scalability.”

As part of the move, FIFA Collect — its official NFT collection — will migrate from the Algorand blockchain to the new FIFA Blockchain. The migration is scheduled to begin no earlier than May 20, FIFA said.

FIFA announces new blockchain for FIFA collection migration. Source: collect.fifa.com

“At this stage, no immediate action is required. When the migration process begins, we will provide clear, step-by-step instructions on what (if anything) you need to do,” the announcement stated.

The collection’s migration will take place “not earlier than” May 20, FIFA said, adding that it will confirm the exact date and provide clear instructions for NFT holders.