PSG Coin, a fan token tied to Paris Saint-Germain football club, has gained attention due to its rising profile in the market. This increase in interest was fueled further when Lionel Messi, who just joined the club, was reportedly paid partly in these tokens. PSG Coin strengthens its connection to crypto via a recent partnership with Chiliz Blockchain, becoming a blockchain validator. The tie-up has unlocked the full potential of sports fan tokens, pushing
CHZ price up by 9%. Additionally,
Crypto.com was named PSG’s official cryptocurrency partner and PSG Coin was introduced for farming on Binance's
Launchpool. A link between the club and the emerging
NFT market was highlighted when Messi joined NFT game
Sorare as an investor and brand ambassador. The popularity of PSG Coin soared after PSG's victory over Barcelona. However, a draw against Stade Rennes saw its price dropping. Despite facing criticism over their performance, Messi and Neymar, both receiving payment in crypto, highlight the influence of cryptocurrencies on the sports world. The cryptosphere's interest in PSG Coin expanded with the club's prospective Metaverse project alongside Mandopop Superstar
Jay Chou. While it faces some controversy over abusive behavior towards disabled fans, PSG made €30m in one weekend after signing Messi, indicating the coin's potential for high gains. Likewise, PSG switches gears by signing a sponsorship agreement with
CoinCasso after ending their deal with Pernod thanks to Marseille protests. Other fan token cryptocurrencies are also gaining traction, presenting a competitive market for PSG Coin.
PSG Coin News Analytics from Mon, 23 Jul 2012 07:00:00 GMT to Wed, 11 Sep 2024 19:29:19 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor 4
