Major Soccer Clubs Push Crypto Tokens, But Some Fans Label It A Cash Grab
Major soccer clubs, including Manchester City, PSG, Barcelona, and AC Milan, have jumped on board the crypto bandwagon to offset slumping revenues due to the pandemic. Fan tokens are a segment dominated by Chilliz, in conjunction with Socios.com, that enables fans to purchase and trade the ERC-20 and BEP2 tokens. In addition, holders can participate, […]
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Turkey’s union of soccer clubs partners with Socios to improve fan engagement in the Turkish Süper Lig through technology and innovation. The soccer world continues to seek out new revenue models amid the coronavirus pandemic, which saw the suspension of league matches in some countries, and new partnerships form to find sustainable answers in the digital space.Representing soccer clubs playing in the Süper Lig, Turkey’s primary soccer league, the Turkish Union of Clubs has partnered with fan engagement platform Socios.com to promote innovation in the country’s soccer landscape, according....
The fan token platform is branching into American soccer with the latest partnership to bring fan engagement events to MLS without issuing fan tokens. Fan token platform Socios has partnered with 26 Major League Soccer (MLS) teams to offer fan engagement experiences and rewards, but so far no fan tokens have been announced.The biggest pro soccer league in the U.S. made a joint announcement with Socios on Wednesday detailing that the partnership will help fans gain access to “exclusive rewards, polls, and opportunities” for the 26 partnered MLS clubs. Welcome to https://t.co/2FROhSNgw8,....
The COVID-19 lockdown incentivized sporting organizations to adopt fan tokens, but how useful are they for supporters? Soccer fan tokens emerged as an offshoot of the tokenization craze in cryptocurrency sometime around 2019. Essentially acting as tokenized shares of influence, fan tokens give supporters of sports organizations the chance to take part in club polls, win unique prizes, and gain a small say in club decisions which are designed to spur increased fan engagement but are often only aesthetic in nature.But despite the seemingly superficial nature of fan tokens, their prevalence....
Chiliz has burst through to the limelight by helping entertainment and sports firms with blockchain-backed tools to allow them to monetize their viewership. The subscription is the access link through which fans obtain voting rights and early tickets. Also, the direct access fans have to their desired soccer teams is a function of Chiliz blockchain technology and token. Through the CHZ token, fans can easily access the Fan Tokens of their desired soccer teams. The CHZ token is the native digital currency of Chiliz. Fans purchase these tokens through a platform known as socios.com. Socios....
MoonPay is continuing a push into sports, entertainment and culture this week. The crypto exchange and web3 infrastructure firm announced a new partnership with Clube de Regatas do Flamengo, one of Brazil’s largest soccer clubs. The two will be collaborating across a variety of verticals as a part of their multi-year deal, and the news […]