Football
Football is by far the most popular sport in the world. This is based on the fact that it is played by approximately 250 million players in over 200 countries and dependencies.
This sport which was invented in China (476 BC) is the most watched and played sport on earth ( Both by professionals and non-professionals)
The World Cup tournament held in Russia 2018 had over 3.5 billion individuals watching the matches. This is about half of the world's population
Crypto
Crypto, on the other hand is a fast rising digital asset designed to work as a form of exchange in which individual coin ownership records are stored in a ledger existing in a form of computerized database which uses a strong cryptography to secure the transaction records by encryption.
They do all these using a decentralized system which is the opposite of the normal centralized banking system. This decentralized system does its work through the help of the blockchain ( a distributed ledger technology)
But wait!! Football? Crypto?🤔
How do you place these two side by side ?
Wait for it!🤗
Clubs And Crypto
Juventus and PSG football clubs recently released their fan tokens ( a crypto asset).
But guess what?🤔
Binance just listed the two tokens yesterday and they are already making waves as I write this.
The PSG Token
In the space of a day ,the PSG Fan crypto asset has given an ROI (Return Of Investment) of 50% to its investors. Its price shot up to 56.9% and it's valued at a price of $25.18 with a 24hr volume of $ 225,495,474. It has a circulating supply of 0 PSG coins and a maximum supply of 20 million .
Other Clubs And Crypto
More football are actually meeting crypto to leverage on its wide opportunities. These clubs are; Juventus,AS Roma, Barcelona,Atletico de Madrid,Galatasaray FC etc. A good number of clubs are still set to launch their Fan Tokens.
What This Implies
Football clubs are now leveraging on the blockchain to facilitate better business relationship with their fans all over the world.
This seriously implies that more economic opportunities are being made available. This is because cryptocurrency is fast becoming the most adopted means of financial transaction and exchange in the whole world ( I'll talk more about this in my next article)
So guys!, football has finally proposed to crypto and I think she said yes. We wish them a happy married life. But remember, we're all invited to the wedding. The date is now
Michaelo Takes A Bow✌️
Lead image source