Introduction

FIFA has agreed to sponsorship and a technical relationship with blockchain technology startup Algorand.

Algorand will become FIFA's official blockchain platform and deliver the official blockchain-supported wallet solution as a result of the deal. Algorand will be a FIFA World Cup Qatar 2022TM Regional Supporter in North America and Europe, as well as a FIFA Women's World Cup Australia and New Zealand 2023TM Official Sponsor, according to the sponsorship deal. Blockchains enable non-editable data to be permanently stored and transmitted across digital networks, as well as promoting innovations and assuring secure, untampered exchange of value and assets such as non-fungible tokens (NFTs) and digital assets held in blockchain-enabled wallets.

Methodology

As a result of this happened on May 2,2022 this dashboard looks into the changes that had happened to the blockchain by looking into different aspects such as wallets created, transactions done,CEX to and fro transfers, and even swaps and analyzes the data with respect to time to check the alterations occurred.

The table here displays the wallets that has been created over time after the announcement.

The chart here displays that the wallets created newly has faced a hike after the announcement which can be considered as an accomplishment of the announcement but then it suddenly faces drop and became normal as before.

The transfer is always accounted for by the volume.Hence the volume of the ALGO tokens transferred with the users are calculated here.

The volume shows that there's not much difference being made by the announcement of Algorand's sponsorship with FIFA as the average of all the transactions over the chosen period will almost be the same.

Next to the volume comes the transactions count which displays the activeness of the ecosystem users.

The transactions that were made over time are charted by summing up each transaction as a count and the trend tends to be increasing and the same older trend is regained after a hike for four days after the announcement. Now let us look more deeper into the transactions:

The transactions made over time with both CEX and onchain wallets after May 2, 2022 are charted here.It shows the data for both to and fro of the transactions towards CEX and other On-Chain wallets

Off the total volume of transactions done,It is seen that Transfer from CEX towards other wallets exceeds than the once occurred vice versa.

Finally,the swaps happened over time are considered.

The over all swaps that happened in the Algorand Ecosystem is charted with time and it displays that the average in swaps is almost the same before and after announcement.