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- Boca Juniors plans to enter into the crypto world with the potential fan tokens.
- Socios launches a fan token which could offer $10M throughout their partnership.
Argentinian football club Boca Juniors plans to enter into the crypto world with the potential fan tokens.
As an additional revenue source, the club envisions issuing fan tokens. Socios.com, a company with a token proposal currently offers tokens for over 50 teams. Two of its clients are the FC Barcelona soccer team and the Chicago Bulls.
Socios created a fan token which could possibly offer at least $10 million throughout their partnership. Currently, the deal finalization depends on whether Boca Juniors would issue tokens through its foundation or the club itself.
Furthermore, Decentral Games proposed a virtual reality stadium for Boca Juniors. A representative for the club confirmed Boca Juniors is considering crypto-related possibilities.
World of Crypto and the Sports
In sports, as well as in other industries, crypto integration is a growing trend. From sports teams to individual players, the industry has a vast array of options for crypto integration. In the niche of soccer alone, worlds collide in a major way, especially past year.
Notably, most NFT and fan token news evolved around Lionel Messi and his new career with Paris Saint-Germain. In addition, the soccer superstar offered his own NFT collection through the Ethernity Chain around transfer time.
During this time period, Paris Saint-Germain’s (PSG) fan tokens spiked in price. Other popular soccer clubs with tokens include Manchester City (CITY) and Polish club Legia Warsaw ($LEG). These clubs are connected to the sports blockchain platform Chiliz.
Even with all the buzz and excitement around crypto collectibles NFTs, some fans are hesitant. Some say it adds an additional cost to following a team.