Argentina’s Top Football club, Boca Juniors Go Crypto
As part of its plan to enter the crypto market, Boca Juniors soccer club is in discussions with several crypto-related firms.
As an additional revenue stream, the club plans to issue fan tokens. A company already selling tokens for more than fifty sports teams is Socios.com, which has a token proposal. Two of its clients are FC Barcelona and Chicago Bulls.
The partners proposed a fan token that could possibly generate at least $ 10 million over the course of their partnership. As of currently, the deal will be finalized either through Boca Juniors’ foundation or through the club itself.
A virtual reality stadium proposal for Boca Juniors was also proposed by Decentral Games. Club officials confirmed they are considering crypto-related options.
Sports is one of many global industries that have taken an interest in crypto-related ventures. Various crypto integration options are available for teams and individuals in the industry. There has been a great deal of world colliding in soccer alone in the past year.
The NFTs and fan tokens were dominated by Lionel Messi and his new role at Paris Saint-Germain.
At the time of the transfer, the soccer star released his own NFT collection via the Ethernity Chain. In this period, the prices of PSG tokens spiked significantly.
Besides Manchester City ($MAN), fans of Legia Warsaw ($LEG) can also purchase fan tokens. Both clubs are connected to Chiliz via the sports blockchain platform.
Platforms like Sorare are also working on NFTs of their players in addition to tokens. The platform has recently partnered with the Spanish club La Liga to create digital cards for their players. Although the crypto collectibles are getting a lot of hype, some fans are a little skeptical. Many believe it increases the cost of following a team.