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Phil Hall
Phil Hall
Jan 19, 2021
News

AC Milan Joins Fan Token Platform Socios

The legendary Italian football club AC Milan has joined the cryptocurrency space by creating their own ACM fan token.
AC Milan Joins Fan Token Platform Socios

The legendary Italian football club AC Milan has joined the cryptocurrency space by creating their own ACM fan token. The AC Milan fan token will be available on rewards platform Socios, following other clubs including Juventus, Paris Saint Germain, FC Barcelona and AS Roma. Fans can buy the tokens to gain access to exclusive fan content and earn rewards.

At the heart of the Socios platform is the utility token Chiliz (CHZ). More than 450 thousand users have downloaded the app, and they bought over 14 million tokens. These tokens have generated more than 30 million dollars in value in little more than one year.

The tokens for Paris Saint Germain (PSG) and Juventus (JUV) launched on Binance last year. In December these tokens gained lots of traction on cryptocurrency exchange Binance as trading volumes reached a high of 300 million dollars.

Football becoming big on the blockchain

Over the past 12 months we have seen plenty of football action on the blockchain. With Sorare there’s one fantasy football game that stands out from the crowd. They’ve been selling millions of dollars worth of collectible football cards, which players can use in their bi-weekly fantasy football games.

In December Animoca Brands announced a partnership with the City Group. As a result they will create games and digital collectibles surrounding Manchester City and Melbourne City FC.

Recently Atari announced that it will bring the classic Kick Off series to the blockchain. Earlier this summer a virtual world cup inside Decentraland attracted quite an audience. At the same time gamers are currently testing Soccer Manager Elite in a closed beta, which will also come to Android devices later this year.

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Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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