RATE Group | Cryptocurrency Stands to Win Big in the Football Sector
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Cryptocurrency Stands to Win Big in the Football Sector

17 Sep Cryptocurrency Stands to Win Big in the Football Sector

Posted at 17:43h in Cryptocurrency News by

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As advocates of blockchain put forward theses for revolutionizing a plethora of industries around the world, European football — one of the most ubiquitous industries — is not an exception.

French soccer club Paris Saint-Germain (PSG) revealed in a Sept. 11 press release shared with Cointelegraph that it is partnering with blockchain platform Socios.com. The main outcome of the partnership is to launch a Fan Token Offering (FTO) that will give fans access to Saint-German club tokens, which come with voting rights and can also be representative of VIP status for their holders.

The Socios platform is powered by chiliZ, a Malta-based sports blockchain venture that has already secured the support of major industry players, such as Binance and OKEx. In a previous correspondence with Cointelegraph, chiliZ CEO Alexandre Dreyfus said that the venture has raised $66 million in funding to date.

One of the features that Socios hopes will prove popular is the ability for token holders to vote…

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