RATE Group | Online poker businessman behind plans by Juventus, PSG to sell cryptocurrency tokens to …
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Online poker businessman behind plans by Juventus, PSG to sell cryptocurrency tokens to …

26 Sep Online poker businessman behind plans by Juventus, PSG to sell cryptocurrency tokens to …

Posted at 03:04h in Cryptocurrency News by

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Armchair managers rejoice!

Diehard soccer fans may soon be able to demonstrate they really know better if a French entrepreneur’s idea of selling voting rights on club decisions through cryptocurrency tokens takes off.

That moved one step closer after Italian football club Juventus this week unveiled plans to launch tokens for its more than 340 million fans globally as early as the first quarter of next year, which will give them voting rights on some of the club’s decisions. The move comes two weeks after a similar initiative from French champion Paris Saint-Germain (PSG).

Behind the token launches is a blockchain start-up called chiliZ, which operates the sports voting platform Socios.com. Founded by French entrepreneur Alexandre Dreyfus just 15 months ago, the Malta-based venture has raised US$66 million from investors including Beijing-based venture firm FBG Capital and Binance, operator of one of the world’s biggest cryptocurrency exchanges.

Can blockchain solve the…

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