Lionel Messi debuting on PSG. Photo: Corbis/Getty Images and TNTSports.Football star Lionel Messi has recently left Barcelona and has signed a two-year contract with French club Paris Saint-Germain. of this payment were not disclosed, although, given the player's representation in world football, the fact is seen as a major milestone in the evolutionary moment of digital and sporting assets. Paris Saint-Germain announced the news today (12), stating that Messi “has received a large number” of PSG fan tokens as part of his package and that he is the first player to sign such an agreement with the club. Messi's total package is estimated at €40 million (almost $47 million) per year after taxes.
What are fan tokens?
Fan tokens are similar to other traditional cryptocurrencies, although they are issued by a sports franchise. PSG tokens are blockchain-based digital assets, powered by crypto startup Socios.com. The startup generates a finite stock of PSG tokens, which gives fans the right to vote on the decisions selected by the club. One of the points that the token brought to the advantage of those who own it was the opportunity to choose a motivating phrase for the ace to use in his captain's armband.
PSG Fan Token
Paris Saint-Germain launched PSG tokens in February 2020 in partnership with Socios. PSG token trading volume soared this week on Messi's news. In recent days, PSG trading volumes have exceeded $1.2 billion, Paris Saint-Germain said. A PSG token currently costs around R$224. The token is listed on several exchanges, including Binance and Upbit Korea. Paris Saint-Germain is one of more than 50 sports organizations that have released fan tokens with Socios.com. Other notable clubs include FC Barcelona, Juventus, Manchester City, Arsenal, Milan and others. All fan tokens are built on the blockchain Chiliz, which is a sister company of Socios.Read more: