PSG & Juventus to launch their own official Club Fan Token using Blockchain Technology
There are some interesting developments happening in the Cryptospace as of right now that should have caught the attention of Gamers & Sports enthusiasts who find themselves at the forefront of the latest disruptive technology as Socios (an upcoming Blockchain platform) has signed up 2 top-tier Football league clubs and is looking to collaborate with professional & upcoming Esports teams
Clubs will be able to directly engage and monetize their fanbase through a user-friendly application known as ‘’Socios’’, a digital tokenized management platform empowered by chiliZ’s blockchain, which is essentially an Ethereum utility token (ERC20) that serves as the digital currency.
The word “socios” in Spanish mean to associate or member, therefore the team behind Socios & chiliZ have annouced a strategic partnerships with two renowned Football Clubs - PSG & Juventus, as to kickstart the ‘’Fan-token’’ economy. The CEO of Socios.com said that
Ambitious goals that are set to become a reality as 2 official Football clubs are expected to release their Fan tokens in Q1-2, 2019
PSG
The first major league football club to consider launching a Fan token using Socios Blockchain platform is Paris Saint-Germain F.C, said to be France’s top premier football team who officially announced their formal partnerships on 11 September 2018. PSG was founded in 1970, turns out that it was the local community that contributed financially to the creation of the Football club. The french club decided to adopt this new technology in hopes of providing a more real fan experience by letting the community vote, priviledge rights and reward those for their participation
Juventus
Juventus is a top tier club of the Italian serie A that had a humble beginning, as a small group of Torinese students founded the club back in 1897. On 24 September 2018, Juventus announced the official partnership with Socios as to ensure that all of its 340 millions supporters become the Club’s future digital fanbase.
More Esports team
Not just professional clubs but upcoming esports teams have the opportunity of issuing out their own fan tokens that would allow them to raise funds whilst also letting the community benefit from exclusive votings and certain perks entitled to members.
Socios has also received endorsement from Wouter Sleijffers, the CEO of team Fnatic For now, but the priotizing the need of collaborating with more Football and professional Esports clubs while also reaching out to new teams who are eager to launch their own official Fan-based token.
This is an interesting development for an evolving & growing industry, especially for small professional gaming clubs who intend to go ''Pro'' but can't due to the financial difficults. A way of incentiving the community to help incubate upcoming eSports teams, therefore gamers should be excited of exploring the potential use-cases of Blockchain for the Sports entertainment industry
@crypto.hype I'm dropping by your blog to say thank you for supporting @crypto.piotr in his recent initiative to help out new steemians. I don't know much about eSports teams, but I'm a big believer in blockchain technology.
you're simply the best @blueeyes8960 :)
Most amazing news, @crypto-hype :-)
I hope that you won't mind if I share them in the Trends quarter of my show on #RambleRadio.
It was a pleasure reading this post and I'm glad I found it in @crypto-piotr's delegators feed.
Have a nice day!
Ravijojla
You're simply the best @ravijojla :)
;-)
Hi, @crypto.hype. I think it is very interesting what you have stated in this post, so I will be very aware of your next steps to understand better. Thank you for the initiative and I wish you much success.
Hi @arquiatra
It's great to see how supportive and responsive you are
Steemit absolutely need more users like you.
Cheers,
Piotr
Can you explain as to how this works for the fan base. Does monetizing here mean that the Soccer Club makes money or is there shared revenue streams with the fan base?
Thanks!
congratulation @crypto.hype
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Good to see big European clubs adopting blockchain technology.
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This is very smart and interesting, considering that people have a cult following for these soccer teams, especially of Juventus.
People in Italy where I'm from are almost religious about soccer , they would buy the crypto just to say they did.
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I know some PSG diehard Fans that are going to be interested to hear about this! Besides Crypto powered Casinos, a Fan token platform does sound like a new idea! This may very well be a really COOL use-case for Blockchain technology. ChiliZ already signed up PSG & Juventus, wondering who they will go next after. These are top tier clubs testing out Blockchain and giving it a full go by actually issuing out their own tradeable club tokens. I have no idea what the outcome of this will be like but definitely keeping my eyes on this project especially as they plan to announce more big partnerships. Millions of sports Fans could pave the way to Blockchain adoption