Summary
TLDR: Paris Saint-Germain (PSG) becomes the first major sports club to join Chiliz (CHZ) as a validator, enhancing governance and fan engagement. The PSG fan token’s value surged 8% after the announcement. This move marks a new chapter in integrating sports into Web3 and sets a path for other clubs to follow. Chiliz aims to transform fan engagement through blockchain and has partnerships with top sports teams. PSG will use node operation revenues for fan token buybacks, ensuring a sustainable fan engagement model. Analysts predict a 105% increase in CHZ’s value in 2024.
Key Points
1. Paris Saint-Germain (PSG) has become the first major sports club to join the Chiliz (CHZ) chain as a validator, enhancing the club’s role in the Chiliz ecosystem governance.
2. The PSG fan token’s value surged 8% following the announcement of the partnership.
3. PSG has committed to using all node operation revenues for PSG fan token buybacks, creating a sustainable fan engagement model on the Chiliz chain.