In recent news, an emerging trend in football clubs seeking partnerships with cryptocurrency entities has been observed. Paris Saint-Germain (PSG) has been noteworthy in this regard, heading several innovative endeavours. The football club has inked several deals, including a pivotal one with the blockchain company, Matchain, aimed to integrate Web3 innovations to revamp fan engagement. PSG is also the first soccer team to validate a blockchain.
PSG is also partnering with Crypto.com to produce AI-generated NFT Matchday posters. This too builds upon the concept of engagement, providing unique, collectable assets to fans. Simultaneously, Lionel Messi's contract with PSG also includes payment in fan tokens, further solidifying the role of digital tokens in the football economy.
The PSG coin saw a price bullish trend after PSG's victory over Barcelona, even as the token of English Champions, CITY, plunged post-elimination. Amidst niche crypto trends, such as meme coins, PSG continues to endeavour for practical use-cases and digital engagement.
Furthermore, the club is contributing to the blockchain network by becoming a validator for the Chiliz Chain. Sports fan tokens have already surpassed $1B in trading volume, demonstrating the market's burgeoning potential.
Lastly, there is an ongoing trend to enhance investment liquidity in the digital asset sector. As part of this trend, Coinbase has integrated Chainlink to unlock new liquidity for institutional digital assets.
PSG Coin News Analytics from Mon, 07 Apr 2014 07:00:00 GMT to Wed, 11 Dec 2024 14:00:00 GMT - Rating 6 - Innovation 8 - Information 7 - Rumor -1