The fan token segment has grown very strongly in the past week, especially with the excitement of investors ahead of the sporting event that attracts the largest number of viewers worldwide, the 2022 World Cup, which will take place in November in Qatar.
In addition, the fact that today’s leading fan token issuance platform Socios.com has just received regulatory approval to operate in Italy also serves as a significant incentive.
Socios.com founder and CEO Alexandre Dreyfus said that through its legal license to operate in Italy, Socios.com has strengthened confidence in its track record of promoting the fan token sector to fans, due to that, helping a series of projects in this area skyrocket.
The fan token market cap currently stands at over $414 million at press time, an increase of about 97% month-on-month. In addition, the majority of team tokens issued by Socios.com with the native token Chiliz (CHZ) acting as the main currency of the platform grew to two or even three digits in the last 7 days.
On the other hand, in an effort to stimulate more sports waves from investors during this period, Socios.com is ready to spend up to $100 million to invest in FC Barcelona.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…
Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…
Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…
SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…
Sheetz crypto payments: 750+ US stores now accept Bitcoin, Ethereum, and more, rewarding customers through…
Zhu Su’s wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three…
This website uses cookies.