Paris Saint-Germain (PSG) has embraced the world of cryptocurrency and blockchain technology with an aggressive strategy that spans from launching a blockchain-based fan token on Socios.com to becoming a validator on the
Chiliz network. Partnerships with various companies have been formed to maximize the potential of the blockchain tech as a tool for enhancing fan engagement. As a result, the
PSG Fan Token value has propelled with club victories, such as the 25% leap after a win over Barcelona, and most notably, during Messi's transfer talks whereby the price doubled. These movements are not isolated, the sports coin market has been booming with a valuation of $3bn and the top 7 fan token cryptocurrencies expected to continue gaining prominence up until 2024. On another note,
Paris Saint-Germain has also entered into collaborations with Crypto.com and Matchain to release AI-generated NFTs and bring other Web3 innovations to the global football community, respectively. Interestingly, Lionel Messi's contract included compensation in fan tokens, symbolizing another step forward for the club in blending sports and cryptocurrency. Nevertheless, the rapid growth and current validation of the
PSG coin also prompts questions on its sustainability and future price, while the role of meme coins amid this furor also adds another dimension to the discussion.
PSG Coin News Analytics from Mon, 07 Apr 2014 07:00:00 GMT to Tue, 26 Nov 2024 12:24:41 GMT -
Rating 7
- Innovation 7
- Information 9
- Rumor -3
