Italy becomes third national federation to register for launch of crypto-based fan tokens

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November 14 – Italy became the third national federation, the second in Europe, to jump on the blockchain-based Fan Token ‘cryptocurrency’ with Socios.com.

As part of the deal with Socios.com, the Fan Token provider will be the title sponsor of the Women’s Italian Cup for the next two years. No value was given for sponsorship.

The $ ITA fan token will be launched in the coming weeks and will be issued on the Chiliz blockchain. No details have been released on the price of the Fan Tokens or the number that will be issued.

The tokens will give owners voting rights in polls, VIP rewards, exclusive promotions, AR features, games and competitions around the national team, the current European champions.

Token holders can also compete with other fans around the world in games, competitions and quizzes, participate in global leaderboards and win real and digital life.

team rewards, benefits and experiences.

Argentina was the first national federation to announce a partnership with Socios.com, followed by Portugal this summer.

The Italian Football Federation (FIGC) said that the capital raised by the issuance of fan tokens will be used to develop the whole football movement in Italy, including supporting grassroots sports facilities, improving football facilities. training throughout the country, with particular emphasis on young people.

FIGC President Gabriele Gravina said: “This partnership will allow us to expand our relationship with our fans, providing new opportunities for engagement and the possibility for fans to be rewarded.

“It is also another important step in the continuation of the Italian football development project, as it will allow us to invest in new resources at local level. The partnership will allow us to support the development of youth football and the entire movement, from the base to the top of the pyramid.

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