What Are Fan Tokens? Crypto Assets That Give Fans a Voice
Sports teams and bands are forging closer connections with their die-hard fans using crypto tokens. Here’s how they work.
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$0.88ATH Change
-98.38%ATH Date
Mar 13th, 2021Total Value Locked (TVL)
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Chiliz News
Feb 14, 2025
Business
Stablecoin Giant Tether Buys Minority Stake in Juventus Soccer Club
Tether Investments, the investment wing of stablecoin issuer Tether, announced it purchased a minority stake in Italian Serie A soccer club, Juventus. The firm said the investment aims to “build a new synergy between sports and digital assets,” ultimately moving further toward its goal of integrating stablecoins and digital assets into everyday life. Financial details of the investment were not disclosed. “Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new te...
Oct 12, 2023
Business
UK House of Commons Warns Against Soccer Clubs Using Fan Tokens
A new report from the UK House of Commons Culture, Media, and Sport Committee has issued a stark warning against soccer clubs turning to so-called fan tokens. This recommendation stands out in the 30-page report which delves into the intricacies and challenges posed by NFTs in both the arts and sports domains. Fan tokens are cryptocurrencies pitched at providing fan benefits for sports teams or music groups. Some examples in the past have seen token holders vote on what music an athlete will wal...
Mar 28, 2023
Business
It’s Been a Month—Who’s Building on Chiliz Chain 2.0?
“We have opened the chain,” said Chiliz CEO Alexandre Dreyfus. After launching its layer-1 blockchain last month, the sports-centric crypto project hopes now to attract new partners to its ecosystem. The Chiliz Chain 2.0 is a fork of the BNB Chain operating on a proof-of-stake authority (PoSA) consensus mechanism that supports shorter block time, lower fees, and less energy usage. The network is still compatible with Ethereum and is powered by the native CHZ token. Chiliz is leading much of the...
Dec 19, 2022
Markets
Metaverse Tokens Flow, Apecoin Plummet Double-Digits Over The Week
It’s been a bearish past week, fueled by the hawkish Fed’s 50 basis point hike, wiping off nearly $62 billion from the cryptocurrency market, per data from Coingecko. Metaverse and NFT-related cryptocurrencies have been no exception. Cryptocurrencies powering the niche, including Flow (FLOW) and Apecoin (APE), have all posted significant double-digit losses over the past week. FLOW, the token powering Flow Blockchain, an NFT-centric blockchain network, has lost 22% of its value over the past wee...
Sep 3, 2022
The Landscape
What Are Fan Tokens? Crypto Assets That Give Fans a Voice
The relationship between fans and the object of their affection—be it a sports team or a band—has traditionally been something of a one-way street. Fans buy tickets and merchandise, the team or band rakes in the cash. Now a new type of cryptocurrency, the fan token, promises to change the dynamics of that relationship. What are fan tokens? Fan tokens are a type of cryptocurrency designed to provide membership benefits to fandoms of sports teams, bands and other groups. Holders of fan tokens are...