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.