Messi joined crypto craze as gets part of PSG fee in fan tokens

Lionel Messi’s signing on the fee at Paris St Germain includes some of the French club’s cryptocurrency fan tokens, in the latest big-name endorsement of new digital assets.

Daily Current Affairs Quiz 2021

Fan Tokens are a type of NFT (non-fungible token) which is a digital-only asset. Like Bitcoin and similar digital currencies, fan tokens are volatile assets and their value can drastically change overnight.

These fan tokens are created by a crypto platform called Socios.

Fans can purchase said crypto tokens with real-world money to gain access to exclusive content and augmented-reality games. Among other rewards and perks, the fan token holders also get to vote on mostly minor decisions related to their clubs.