Lionel Messi to Receive his Welcome Bonus in Cryptocurrency

Every football fan knows the biggest star athlete Lionel Messi. Fans all over the world were heartbroken when the celebrity sports person announced that he is leaving Spanish club Barcelona after a long and successful tenure. Many media outlets reported that the Barcelona club did not agree to keep Messi around even after he offered to halve his income.

However, the French Club Paris Saint Germain (PSG) has been quite accommodating in welcoming the football star. The PSG club paid the Argentinian Soccer player a welcome package valued at $29-$35 million. An article from Reuters confirmed that a significant portion of this welcome bonus consists of the fan tokens native to the sports club.

Fan Tokens are Becoming more Popular

Recently, fan tokens have become quite popular among fans of football in the region. The clubs like Manchester City and AC Milan have started to allow the biggest fans of their league to purchase these fan tokens and get a chance to vote for minority decisions relevant to the club policies. Socio.com is the enterprise that has been facilitating sports clubs to issue personalized fan tokens.

The company representatives claim that different fan tokens have been able to generate 200 million in revenues for several partner clubs. This massive revenue income was generated in the first quarter of 2021 alone. Thus far, it is undisclosed that what percentage of fake tokens are awarded to Messi as a welcome bonus.

As per the PSG club management, when news about Messi joining the team became public, the fan tokens went in high demand. Sports fans all over the world wanted to find these tokens and get a chance to become partners of the club that employs a star athlete like Messi. The $PSG token trading volume reportedly shot up to $1.2 billion in a matter of 7 days.

The Chief Partnership Officer for PSG-March Armstrong told media that sports club has started to understand the advantages of the blockchain-based fan token. This also allows sports fans all over the world to participate in the club and support their favorite athletes. For the clubs like PSG, it is a great opportunity to generate digital revenue.

Leave a Reply

Your email address will not be published.

Related

Asia-Pacific Stocks Gain with Investors Weighing Economic Concerns

On Tuesday, shares in the Asia-Pacific region climbed higher, as investors were weighing the economic concerns. Most indexes record gains The Hang Seng index in Hong Kong had been trading at a loss but rose 0.7% in the last hour of trading. There was also a 0.73% gain in the Hang Seng Tech index. On […]

European Shares Reach Two-Week Highs Thanks to Miners and Prosus

On Monday, European shares rose to a high of two weeks, thanks to mining stocks as China lifted COVID-19 curbs, which gave global commodities a lift and also eased fears of inflation. Meanwhile, Prosus’ plans of trimming its stake in Tencent saw the Dutch company’s stock rally. Index records gains There was a 1.1% gain […]

Stocks Climb Up after Recent Big Gains, as Yields and Oil Rise

On Monday, volatile trading pushed global indexes higher, for the most part, allowing them to extend the sharp gains recorded in the previous week. Meanwhile, there was also a rise in Treasury yields and oil prices. Oil records gains After the rout seen in the previous week, oil finally managed to climb up, as investors […]

When Multiple Tokens Experience Demises, a Stablecoin Demonstrates a Strong Performance

When Multiple Tokens Experience Demises, a Stablecoin Demonstrates a Strong Performance

In recent weeks, the borrowing and lending spaces within the cryptocurrency industry have come under the microscope of regulators. These spaces have undergone scrutiny in recent months and the reason behind the growing pressure is the sell-off observed in the crypto-verse. Now, the investors and users within the cryptocurrency industry want to know exactly how […]

European Shares End Nervous Week on a Strong Note

On Friday, there was a 2.6% rise in European stocks, which helped them enter positive territory. The week saw investors moving into riskier assets, as they began to scale back on bets of central bank tightening. Best Session for Indexes The STOXX 600 index of European countries recorded its best session in over three months. […]