Blockchain-based sports activities platform Chiliz has partnered with the Portuguese Soccer Federation to launch fan tokens on Socios.In a Thursday
Blockchain-based sports activities platform Chiliz has partnered with the Portuguese Soccer Federation to launch fan tokens on Socios.
In a Thursday announcement from Socios, the platform mentioned it will likely be dropping tokens for the Portugal nationwide soccer crew, also referred to as A Seleção or “The Choice,” inside the subsequent few days for native followers. As with beforehand tokenized sports activities franchises, the digital collectibles are minted on the Chiliz blockchain and permit token holders to vote in polls and earn VIP rewards.
“The launch of the $POR Fan Token will enable us to create new methods of reaching our supporters and work together with them in new and revolutionary methods.” mentioned Portuguese Soccer Federation’s chief advertising officer Nuno Moura. “It will create new alternatives to have interaction followers with the Portuguese Staff like by no means earlier than, offering them with unique advantages, experiences and rewards.”
Whereas Chiliz by Socios has shaped partnerships with main names in sports activities to launch fan tokens, crypto and blockchain companies are apparently vying to signal licensing agreements with sports activities franchises throughout Europe and the world. Earlier this month, the French Soccer Federation introduced it might be launching official participant nonfungible tokens, or NFTs, with blockchain-based fantasy soccer recreation Sorare.
Associated: NBA 76ers joins fan token platform Socios
Within the US, each the Philadelphia 76ers basketball crew and Nationwide Hockey League’s New Jersey Devils have entered comparable partnerships with Socios. The platform reported the gross sales of all fan tokens have generated extra $150 million this 12 months.