PSG’s fan token was launched last year, and trades on the Chiliz crypto exchange. The spike in the price of PSG’s fan token could be seen as validation for the crypto industry’s foray into sports. Even national football teams had launched their own fan tokens ahead of the Euro 2020 footballing event in May. Fan Tokens represent Fan Sentiment. The behaviour of PSG’s fan token shows that cryptocurrencies could be used to gauge fan sentiment for particular decisions that clubs make.

Source: Mint August 09, 2021 08:37 UTC