Paris Saint-Germain (PSG) has achieved a remarkable first in the football world by becoming a validator for blockchain. Establishing a partnership with
MATCHAIN, Paris Saint-Germain aims to bring
Web3 innovations to the global football community. In an effort to transform sports tech,
PSG and
MATCHAIN have also established a Joint Innovations Studio. Alongside partnering with
MATCHAIN,
PSG has also partnered with blockchain platform Chiliz. The main aim of these collaborations is to reimagine fan engagement using advanced
Web3 technology, with a key focus on sports fan tokens such as the
PSG Coin. The world-renowned team aims to leverage the synergy they have with
Chiliz to unlock the full potential of sports fan tokens.
Notably,
Lionel Messi and Neymar's contracts with
PSG included payments in fan tokens, showing the emerging trend in the sports world of integrating cryptocurrency. In fact,
Messi's contract with
PSG reportedly generated £600M for the club, highlighting the potential profitability of the crypto market in sports. Furthermore, Lionel Messi's deal has perhaps stimulated the trend for football clubs launching their own cryptocurrencies, with
PSG being the first club ever to do so. However, Neymar's time at
PSG was challenging, describing it as 'living through hell'. In other news, Bitpanda has become a Premium Partner of PSG while the club has launched fashion NFTs with Blvck Paris and Crypto.com is their new multi-year sponsor.
PSG Coin News Analytics from Mon, 07 Apr 2014 07:00:00 GMT to Thu, 09 Jan 2025 14:05:42 GMT -
Rating 7
- Innovation 8
- Rumor -3
