The world’s most popular sport suffered an own goal as European clubs canceled their partnerships with Bitci, a Turkish crypto exchange. However, plenty of substitute crypto companies are on the bench, ready to bring crypto to the mainstream through soccer. Growing yet unclear cryptocurrency regulations in Turkey have reportedly hampered the company’s ability to make payments, leading to a lack of confidence among major soccer clubs. Portugal’s Sporting CP, the green-and-white-striped footballers famed for being the club where Cristiano Ronaldo cut his teeth, whereas Italian club Spezia, play in Italy’s Serie A, have also canceled their partnership with Bitci. The …
Football: It’s a sport filled with magic, memorable moments, and passionate fans who devote their lives to supporting their team. And now, a long-term project is giving supporters a whole new way of collecting memorabilia. Shirtum is a nonfungible token platform that allows footballers to create NFTs reflecting some of their biggest milestones — powerfully telling the story of iconic moments in their careers that will go down in history. Fans will be able to compete for the chance to own limited-edition tokens in their very own personalized gallery, with blockchain technology being used to guarantee the authenticity, traceability and …
Cryptocurrencies like Bitcoin (BTC) are not new to the sports industry. Some NBA teams began accepting BTC as payment for tickets as early as 2014. Since then, the relationship between sports and crypto has been rapidly evolving. Today, a firm that claims to be the world’s first ever crypto exchange for sport tokens has rolled out trading for its first sports-focused coin. Chiliz.net, a Singapore-based sports blockchain venture and crypto exchange, has listed Juventus Fan Token (JUV), a blockchain token released by Italian professional soccer club, Juventus, in collaboration with sport-focused token platform Socios.com. Chiliz CEO says that Chiliz token …
Major league Italian soccer club Juventus announced Monday, September 24, it will launch its own cryptocurrency “fan token,” two weeks after a similar announcement from Paris Saint-Germain. The product of a partnership with “blockchain-based fan engagement platform” Socios.com, the Italian club aims to release its “Juventus Official Fan Token” as soon as Q1 next year. Like France’s Saint-Germain, which revealed its Fan Token plans with Socios earlier this month, Juventus aims to use the tradeable asset principally for fan voting and polling. The club currently ranks top in Italy and number two worldwide, with a fanbase reportedly topping 60 million. …
Spanish soccer giant FC Barcelona has sold out its first FC Barcelona Fan Tokens (BAR), which were sold via sports-focused token platforms Chiliz.net and Socios.com. The $1.3 million sale ran its course in less than two hours. At its peak it sold $777,000 of tokens in less than 2 minutes. Chiliz and Socios CEO Alexandre Dreyfus announced the news in a June 22 tweet. Chiliz and Socios saw a five-fold increase in demand during the sale Dreyfus noted that the token sale saw more than 4,000 fans from 106 countries participate. He told us that the top buyers came from …