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Spanish Football Club Valencia to Launch Fan Token at Socios

Anna Martynova

Leading Spanish football team Valencia will be promoting their own fan token on their shirts next season in a new partnership with Chiliz, the blockchain provider that owns fan engagement platform Socios.com.

Under the terms of the deal, the $ VCF fan token will adorn the front of the team's shirts, replacing the Bwin bookmaker logo. Both sides claim that Valencia will be the first team in the world to promote their own fan token.

Fan tokens are collectible digital assets that give owners access to benefits such as voting rights in polls, VIP rewards, exclusive promotions, games, competitions, and participation in chat forums. The partnership will also provide fans with the opportunity to meet club legends, connect digitally with existing players and play at the Mestalla Stadium.

Image: Stone Forest

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