The value of the fan token for the French football club, Paris Saint-Germain, briefly surged from just over $4.30 to $5 after they knocked the Spanish football giants, FC Barcelona, out of the UEFA Champions League. However, the token for the English champions, Manchester City, plunged by nearly 20% after the team was eliminated from…
Read more
The UK House of Commons Culture, Media, and Sport Committee has released a report warning soccer clubs against the use of fan tokens. In a 30-page report, the committee explored the intricacies and challenges presented by non-fungible tokens (NFTs) in both the arts and sports sectors…. Read More: UK Parliament Committee Cautions Against Soccer Clubs’ Fan…
Read more
Blockchain-based fan token platform Chiliz has launched a $50 million incubator and accelerator program to fund early-stage projects in the sports and entertainment industries that use the Chiliz blockchain. The incubator program, called Chiliz Labs, will fund early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment, as well as its Socios.com partner…
Read more
Laliga, the Spanish soccer first division organization, has established a strategic partnership with Stadioplus and Vegas City Limited, two metaverse-related companies, to digitize part of its activities to offer new experiences in Decentraland, an Ethereum-based metaverse. With this move, Laliga aims to bring new fans from all over the world to new experiences in virtual…
Read more
A mesmerizing performance over the past two-and-a-half weeks brings serious returns to those who bought in February or earlier. Blockchain-based sports platform Chiliz (CHZ) is leading a boom in one sector of the altcoin world which is putting Bitcoin (BTC) and Ether (ETH) to shame. According to data from Cointelegraph Markets Pro, CHZ is consolidating…
Read more
