Summary
TLDR: Paris Saint-Germain has become a validator on the Chiliz Chain, using revenue for fan token buybacks. The Chiliz Chain aims to be a blockchain for sports franchises, with PSG staking over 10 million CHZ. The PSG fan token allows fans to vote on club decisions and access exclusive experiences. Socios lists fan tokens for various sports teams but does not operate in the US due to regulatory challenges. US sports brands are cautious of crypto partnerships after the NBA faced a lawsuit over a deal with a bankrupt crypto brokerage.
Key Points
1. PSG has become a validator on the Chiliz Chain, using revenue earned for fan token buybacks.
2. The Chiliz Chain is a layer-1 blockchain aiming to attract brands like sports franchises, with PSG staking over 10 million CHZ to become a validator.
3. Socios, the platform for fan tokens, lists various soccer teams and other sports entities, but does not offer fan tokens in the US due to regulatory challenges and market conditions.