Paris Saint-Germain (PSG), a top soccer team, has emerged as a trailblazer in blockchain technology in sports, validating a blockchain and introducing a Web3 drive. PSG in collaboration with Matchain have launched an Innovations Studio aimed at transforming sports-tech. This partnership is directed towards bringing
Web3 innovations to the global football community. Matchain has reached a milestone of 100 million transactions in record time. In a revolutionary move to enhance fan engagement, PSG and Chiliz have also launched Fan Tokens. The relationship between PSG and Chiliz has unlocked the full potential of these sports fan tokens. Interestingly, Lionel Messi's transfer deal to PSG included payment in fan tokens. Messi’s transfer to PSG generated approximately £600 million for PSG in his first season.
Neymar Jr, another iconic player, shared about his challenging time with Messi at PSG, describing it as a time of hardship. Furthermore, soccer club PSG is now a validator for the Chiliz Chain and has pledged fan token buybacks. PSG has also partnered with Crypto.com, indicating a continued movement towards sports crypto.
Chainlink is also integrating with the Coinbase tokenized assets platform in another exciting development in this space. However, there has also been some turbulence; Pepe Coin for instance, experienced increased volatility, dipping 2.5% in the last 24 hours. Coinciding with these developments, the market cap for fan tokens has grown over 60% since June, making this a compelling space to watch for potential investors.
In other news, PSG was featured on NFTs launched by the Global Football Club Paris Saint-Germain F.C with Blvck Paris.
PSG Coin News Analytics from Mon, 07 Apr 2014 07:00:00 GMT to Wed, 01 Jan 2025 19:19:20 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 3
