A new era in entertainment is unfolding, one where fans—not intermediaries—take center stage. Fan3, now live on Avalanche, brings together digital identity, real-world event access, and blockchain-backed ownership to support a more connected and transparent fan experience.

Key Takeaways:

• Launch: Fan3 is now live on Avalanche, offering blockchain-based tools for fan engagement.

• Access & Rewards: Digital passes and NFC wristbands offer secure ticketing and live-event perks.

• Flagship Program: Pitbull’s Bald E’s Pass provides exclusive content and merchandise access.

• Proven Team: Founders have sold over 300,000 livestream tickets and managed global artists.

• Tech Backbone: Avalanche ensures speed, scalability, and low transaction costs.

The End of One-Sided Ticketing

Fan3 aims to fix a ticketing system that, for many fans and artists, has simply stopped functioning as it should. Hidden fees, scalpers, and data gatekeepers have made live events harder to access and trust.

Fan3’s answer? A digital wallet pass that gives fans priority pre-sale access through integrations with platforms like Ticketmaster and AXS. But it’s more than just early access—it’s a built-in layer of authentication that helps keep bots and scalpers out of the picture.

According to Fan3 CEO Ross Taylor, the platform’s mission is clear:

“We’re building a new music ecosystem that rewards both the artists who create and the fans who believe. It’s about empowering both sides through true ownership… and getting real tickets into real fans’ hands.”

Source: Fan3

Enhancing the Real-World Concert Experience

Fan3’s innovation doesn’t stop at digital passes. At live shows, fans can use NFC-enabled wristbands to tap in, confirm attendance, and instantly unlock perks or digital rewards. It’s a small gesture—just a tap—but it deepens the experience.

One standout example of what Fan3 can do is the Bald E’s Pass, developed in collaboration with music icon Pitbull. It’s more than a collectible. With it, fans get access to exclusive content, VIP drops, and behind-the-scenes moments—all sent straight to their phones. The idea is simple: give fans something that lasts, and a reason to come back.

Designed by Insiders, Built for Fans

Fan3’s founding team includes Steve Finan, Paul Rose, and Ross Taylor—music industry veterans who pivoted during the pandemic to sell hundreds of thousands of livestream tickets directly to fans. Their real-world experience, coupled with the technological leadership of multi-award-winning CTO Richard Rauser, laid the foundation for Fan3’s onchain platform.

Their shared insight? Traditional systems were failing the very people they were supposed to serve. Fan3 aims to bridge that gap with a fan-first, artist-aligned solution that leverages blockchain to rewire relationships, rather than complicate them.

By building on Avalanche, Fan3 taps into a blockchain designed for speed, low costs, and scale. Its consensus mechanism delivers fast finality with minimal fees—crucial for handling the demands of large-scale events.

And the timing? Just right.

Fans are fed up with broken ticketing systems (think the Taylor Swift ticketing mess in 2023). Artists want more control. In that gap, Fan3 offers a new path—one rooted not in hype, but in real-world utility.

So, what has changed?

FIFA Collection released in 2022 Above Algorand is just in time for the Qatar World Cup. It was a relatively smooth development, allowing fans to buy and trade NFT cards featuring tournament highlights, players and moments. But now, FIFA is closing the door to Algorand and restarting the project with an avalanche.

Is this the biggest partnership in Web3 history?

FIFA has announced that they are partnering @AvaxFIFA boasts a custom avalanche L1. It integrates digital strategies beyond collectibles, tickets and more.

This means all the videos ++ you need to know are coming soon! (advertisement) pic.twitter.com/kt4liaf3mx

– Teddy (@icrazyteddy) May 22, 2025

Avalanche enhances a dedicated blockchain environment called subnets just for FIFA. That subnet will serve as a new home for all FIFA NFTs now and in the future.

Why an avalanche?

There is no official statement to throw shade at Algorand, but FIFA is clearly looking for something a little more flexible and accessible. Avalanche checks some key boxes: fast transactions, low fees, and works with Ethereum Virtual Machine. That last part is important as it means that FIFA’s NFT marketplace is compatible with mainstream wallets like MetaMask.

It also makes it easier for developers to build future features. So whether FIFA is thinking about adding new collectable types, gaming elements, or interactive fan rewards, Avalanche gives room to experiment without breaking experience.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

What does this mean for fans?

If you already own a FIFA Collection NFT, you will need to prepare for the move. The plan is to move everything from Algorand to avalanches. That also means that some wallet apps like Pera and Defly, which are built specifically for Algorand, have stopped working.

–

price

Market capitalization

–

–

–

24 hours
7d
30D
1Y
everytime

log

We will now use wallets that connect via WalletConnect, which includes MetaMask and other EVM compatible apps. FIFA says users will not be speculated as they will release step-by-step instructions when the time comes. But if you’re not yet, you might want to become familiar with Meta Mask now.

Big picture: Resetting FIFA’s Web3 plan?

It’s not difficult to read this as a soft reboot of FIFA’s entire NFT strategy. The first wave of digital collectibles in 2022 came and went without long-term momentum. Now, by switching chains and implying a “new business case,” FIFA appears to be more than just a digital trading card and ready to try again.

There was no confirmation of the following, but the Avalanche setup suggests that FIFA is looking beyond simple NFTs. The move opens the door to more interactive experiences, deeper fan engagement, and even cross-platform collaboration with other apps in the avalanche ecosystem.

Discovered: Top 20 Cryptography to Buy in May 2025

What happened to Algorand?

Algorand, once branded as FIFA’s official blockchain partner, is out. The partnership has not received dramatic farewell posts, but it is clearly happening. Algorand had a rocky year with layoffs and leadership changes. This news is useless. Still, the chain continues to operate in other sectors such as Defi and real-world asset tokenization.

Looking ahead

This switch is more than just a backend upgrade. FIFA has restructured its digital strategy, choosing platforms that are more familiar to crypto users, and more versatile for developers. Whether fans will actually introduce this time, And stick Around it, That’s a big question.

But once FIFA makes it right, this avalanche partnership could ultimately turn FIFA collection into something more than just the NFT market.

Discover: 20+ Next Cryptocurrency to Explode in 2025

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Post FIFA launches custom avalanche blockchains for digital collectibles first appeared in 99bitcoins.

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.

The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. 

Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said.

The fund will be managed by the team behind VanEck’s Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets as of May 21. 

“The next wave of value in crypto will come from real businesses, not more infrastructure,” Pranav Kanade, portfolio manager for DAAF, said in a statement.

Related: Tokenized stocks could top $1T in market cap — Execs

Thematic crypto funds

VanEck’s PurposeBuilt Fund is the latest in a series of funds from the asset manager and rivals designed to offer exposure to projects and companies in fast-growing segments of Web3. 

On May 14, VanEck launched a new actively managed exchange-traded fund (ETF) to invest in stocks and financial instruments providing exposure to the digital economy.

In April, VanEck launched another ETF investing in a passive index of companies operating in the crypto space. 

Asset managers such as VanEck are requesting the US Securities and Exchange Commission’s (SEC) permission to list upward of 70 crypto ETFs. 

The wave of ETF filings is in response to US President Donald Trump softening the agency’s regulatory stance toward crypto after Trump took office in January.

Avalanche RWA ecosystem

Avalanche has emerged as a hub for real-world assets (RWAs) and other institutional-oriented crypto projects.

Its interrelated networks, called subnets, allow institutions to run Ethereum-style smart contracts in a controlled environment. On May 16, Solv Protocol launched a yield-bearing Bitcoin token on the Avalanche blockchain, targeting institutional investors

Avalanche has around $1.5 billion in total value locked (TVL) as of May 21, according to data from DefiLlama. 

“We’re seeing a shift away from speculative hype toward real utility and sustainable token economies,” John Nahas, chief business officer at Ava Labs, said in a statement.

Magazine: Danger signs for Bitcoin as retail abandons it to institutions — Sky Wee

The US dollar could suffer a major sell-off by Asian investors and exporters triggered by trade tensions, according to a pair of macroeconomic and currency strategists.

Eurizon SLJ Capital’s analysts Stephen Jen and Joana Freireat say in a new investment note that Asian investors have accumulated a massive pile of USD that could be ditched en masse if trade wars intensify and the dollar weakens, reports Bloomberg.

According to the analysts, if the US-driven trade conflict grows, a significant number of Asian investors could bring substantial capital back home or seek to bolster their defenses against a declining USD.

That, they warn, could leave the dollar facing a $2.5 trillion “avalanche” of selling.

“We suspect these dollar hoardings by Asian exporters and institutional investors may be extremely large – possibly on the order of $2.5 trillion or so – and pose sharp downside risks to the dollar vis-à-vis these Asian currencies.”

Bloomberg says its dollar gauge has dropped about 8% from a February high. Meanwhile, Asian currencies have strengthened versus the greenback in the past month.

President Trump signed an executive order in April that imposed a 10% tariff on all imported goods entering the US, with the stated aim of increasing domestic manufacturing. The President also issued a proclamation that slapped reciprocal tariffs on dozens of countries.

The Trump administration says it is currently engaging with more than a dozen countries around the world to craft new trade deals.

Meanwhile, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with their Chinese counterparts to discuss trade and economic issues in Switzerland this week.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US.

The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s native asset, AVAX.

Grayscale isn’t the first financial giant to file for an Avalanche ETF. Documents submitted to the state of Delaware earlier this month suggest VanEck also hopes to launch a fund tied to the Ethereum (ETH) rival.

Coinbase Custody will serve as the custodian for Grayscale’s Avalanche ETF if it’s approved. The crypto asset manager also hopes to launch funds tied to Cardano (ADA), Solana (SOL), XRP and Hedera (HBAR).

The SEC greenlit the first spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July.

Two financial firms, Franklin Templeton and Hashdex, also launched joint BTC-ETH ETFs earlier this year.

AVAX is trading at $20.36 at time of writing. The 17th-ranked crypto asset by market cap is down nearly 8% in the past 24 hours.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney