FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFA
ASR, BAR and ACM posted double-digit rallies after the Socios fan token platform partnered with UEFA to bring NFTs and other redeemable perks to European football fans. Nonfungible tokens (NFTs) continue to see increased utilization as the possible applications of the technology have begun to be recognized in sectors ranging from sports entertainment to real estate.One subsector of this market that has seen a spike in momentum on Feb. 28 are fan token projects, protocols that allow their holders to participate in the governance of their favorite sports brands and receive specialized NFTs....
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Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division of the club and will allow it to reshape the metaverse and Web3 strategies of the division to include more revenue streams.
Socios.com to Invest in FC Barcelona Metaverse Division
Sports clubs are now trying to diversify their revenue streams by getting into the metaverse, grabbing the....
The appetite for blockchain-based fan tokens appears to be limitless amongst big-league soccer clubs across the globe. İstanbul Başakşehir, last season's winner of the Turkish Süper Lig, has joined the Socios platform and will launch its own fan token ($IBFK) by the end of 2020.$IBFK, like other fan tokens in the Socios ecosystem, confers voting rights and rewards upon holders and is designed to boost fan engagement, and to monetize various fan experiences, both on and offline.Token holders can vote in polls on club decisions and earn points that, once accumulated, can be cashed in in....
The Coincheck crypto exchange will list Chiliz and Socios fan tokens on its new NFT marketplace. Japanese cryptocurrency exchange Coincheck has partnered with major global fan token makers, Chiliz and Socios, Cointelegraph Japan reports.As part of the new partnership, Coincheck will list Chiliz and Socios’ fan tokens on Coincheck's non-fungible token, or NFT, marketplace, the company announced Monday. Coincheck originally announced that it was considering launching an NFT platform in August 2020. According to the latest announcement, Coincheck’s platform has already listed several NFTs for....
Barcelona FC is kicking off new strategies in hopes of scoring big in the field of Web3. In view of the imminent financial crisis at the opening of the summer transfer season, the Barcelona board took some extreme measures, authorizing the sale of some of the club’s significant assets. Club president Joan Laporta said on […]
Following the announcement from the National Basketball Association’s (NBA) Boston Celtics, the Cleveland Cavaliers has officially partnered with the blockchain firm Socios.com. The partnership is aimed at increasing the Socios brand and awareness via the Cavaliers’ global asset platform. Socios Partners With the Cavs On July 26, Socios.com and the NBA team, the Cleveland Cavaliers, revealed a new partnership. The Socios company is a blockchain project that allows fans to become “superfans” by letting them influence “club-specific decisions, trade digital....