Best Argentinian Football Club, Boca Juniors Go Crypto

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As part of its plan to enter the crypto market, football club Boca Juniors is in talks with several crypto-related companies.

As an additional source of income, the club plans to issue fan tokens. One company already selling tokens for over fifty sports teams is Socios.com, which has a token proposal. Two of his clients are FC Barcelona and the Chicago Bulls.

The partners have come up with a fan token that could potentially generate at least $ 10 million over the course of their partnership. For now, the deal will be finalized either by the Boca Juniors Foundation or by the club itself.

A proposal for a virtual reality stadium for Boca Juniors has also been proposed by Decentral Games. Club officials have confirmed they are considering options related to crypto.

Sports is one of the many industries around the world that are interested in businesses related to crypto. Various crypto integration options are available for industry teams and individuals. There have been a lot of global crashes in football alone over the past year.

NFTs and fan tokens were dominated by Lionel Messi and his new role at Paris Saint-Germain.

At the time of the transfer, the soccer star released his own NFT collection via the Ethernity channel. During this period, the prices of PSG tokens have increased significantly.

Besides Manchester City ($ MAN), Legia Warsaw ($ LEG) fans can also purchase Fan Tokens. Both clubs are connected to Chiliz via the sports blockchain platform.

Platforms like Sorare are also working on their players’ NFTs in addition to tokens. The platform recently partnered with Spanish club La Liga to create digital cards for their players. While crypto collectibles get a lot of hype, some fans are a bit skeptical. Many believe that this increases the cost of following a team.

This article originally appeared on FX Empire

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