Messi Accepts PSG tokens for Partial Payment after joining Paris Saint-Germain Soccer Club

Argentinian football superstar Lionel Messi accepts cryptocurrency PSG tokens as part of the payment after signing a new contract with the Paris Saint-Germain (PSG) team. 

On Tuesday, Messi transferred to Paris Saint-Germain (PSG) with a two-year contract after departing from his Spanish soccer club Barcelona. Messi will be able to practice a flexible contract right in his third year of the new contract.

This new signing brings him an annual salary of $41 million, plus bonuses, and according to CNBC reports, there is a $30 million signing fee.

According to PSG’s statement, the “Welcome Package” given to Messi worth approximately Euro 25-30 million ($2.9-35 million USD) contains a large amount of $PSG tokens. The club did not disclose the specific proportion of tokens in the package.

The cryptocurrency “$PSG Fan Tokens” was founded in January 2020 by an app for football (soccer) fans called Socios.com. The $PSG token is a fan token, tokenised asset representing proof of ownership or even membership. Users can acquire voting rights to influence the clubs they support by developing club-specific Fan tokens.

Various clubs are increasingly joining the boom of cryptocurrency. Socios.com, a cryptocurrency platform that provides tokens to PSG and other top clubs, stated that tokens generated nearly $200 million in revenue for its partner clubs in 2021

The CEO of Socios.com, Alexandre Dreyfus, said that in a statement:

“Fan Tokens and Socios.com play an increasingly prominent role across sport at the very highest level.”

The price of Paris fan tokens has risen this week due to the rumours of the Messi deal. New sales are about 30 million euros, and PSG accounts for the majority of them, at least 15 million euros (at least 15 million euros).

According to data from CoinMarketCap, the market value of PSG’s token is approximately $123,165,140, ​​which has soared by more than 130% in just five days due to the endorsement of football superstars.

Paris Saint-Germain Fan Token (PSG) was trading at $42.12, up by 11.16%within 24 hours. 

Lionel Messi Signs $20m Deal with Crypto Fan Token Firm Socios

Argentinian football superstar Lionel Messi has signed a $20 million deal with crypto fan token firm Socios, according to Reuters.

Socios.com said Paris Saint-Germain (PSG) forward Messi will be involved in Socios’ promotional and promotional activities in preparation for the World Cup in Qatar.

Speaking in the statement, Messi said:

“Fans deserve to be recognised for their support. They deserve opportunities to influence the teams they love. Socios.com exists to enhance the fan experience, to enable fans to ‘be more’. I’m proud to join Socios.com’s mission to create a more connected and rewarding future for fans around the world.”

The cryptocurrency “$PSG Fan Tokens” was founded in January 2020 by an app for football (soccer) fans called Socios.com. The $PSG token is a fan token, tokenised asset representing proof of ownership or even membership. Users can acquire voting rights to influence the clubs they support by developing club-specific Fan tokens.

As reported by Blockchain.News on August 13, 2021, Lionel Messi accepted cryptocurrency PSG tokens as part of the payment after a new contract with the PSG.

Bitget Announces New Partnership with Football Legend Lionel Messi

Bitget, one of the world’s fastest-growing cryptocurrency exchanges platforms for trading crypto derivatives has announced a collaboration with Argentina football star and winner of seven Ballon d’Or Awards, Lionel Andres Messi in a news article.

Through this collaboration, Bitget will provide Messi supporters with a special chance to learn more about Web 3.0 and the possibilities of trading cryptocurrencies on the exchange. Additionally, it is agreed upon that the collaboration will enable both sides to dedicate themselves to more significant initiatives that go beyond cryptocurrencies and football.

“I wanted to express my gratitude to Bitget for inspiring me to get involved in the cryptocurrency community. I have faith that both parties will launch worthwhile initiatives and provide web 3 to sports enthusiasts “Says Leo Messi.

“The partnerships we choose to attempt to portray the richness and diversity of our platform community. They let cryptocurrency traders into the field, and we let sports fans into Web 3”, says Bitget’s managing director, Gracy Chen.

Bitget is a leading cryptocurrency exchange that was founded in 2018. With over 55,000 professional traders and nearly 1.1 million followers, One-Click Copy Trade, Bitget’s main social trading tool, demonstrates the company’s substantial work and success in the social trading of cryptocurrencies.

While many cryptocurrency platforms are battling the uncertainty brought on by the recent collapse of the digital currency ecosystem. Bitget asserted that it is in a good position to increase its workforce by 100% before the end of the year.

Lionel Messi’s partnership is not the first to be occurring in the digital space. In related news, Usain Bolt, an 11-time world champion and eight-time Olympic gold winner, has partnered with Step App to elevate fitness and exercise through the use of Web3 and the metaverse.

In 2020, Italian soccer giant, Juventus Football Club enters into a licensing agreement with Sorare, a blockchain-based fantasy football company. As part of the partnership, Juventus will provide extremely rare digital collector cards of some of the team’s most famous superstars, including five-time Ballon d’Or winner Christiano Ronaldo while Sorare will provide digital cards that are created on the Ethereum technology.

Lionel Messi Becomes Sorare’s Brand Ambassador and Investor

Lionel Messi, a football star who has bagged seven Ballon d’Or Awards, has joined hands with Sorare to be its brand ambassador and investor.

Sorare is an Ethereum-based fantasy soccer game platform that leverages non-fungible tokens (NFTs). Therefore, Messi will be instrumental in how fans connect with players and clubs.

Nicolas Julia, the co-founder and CEO of Sorare, pointed out:

“We believe Messi will help us set new standards in how we do this, and we look forward to sharing what new content and fan experiences we’ve been collaborating on soon.”

He added that the partnership was a “huge milestone” for the platform. 

Messi, who currently plays for the French club Paris Saint-Germain (PSG), said:

“Fans have always looked for ways to express their passion and get closer to the players and teams that they love and Sorare’s combination of a fantasy game with digital collectibles gives fans new ways to do that, wherever they are in the world.” 

Sorare users usually have the chance to create their preferred teams and trade NFT-based football player cards.

Comprising at least 2 million users spread across 185 countries, Sorare was previously valued at $4.3 billion. The Paris-based startup has also partnered with more than 300 sports teams and major leagues, such as Germany’s Bundesliga and Spain’s La Liga. 

Sorare has expanded its scope beyond football to include other sports like baseball and basketball.

For instance, the National Basketball Association (NBA) recently inked a deal with the platform to enhance the fan experience and render more interaction, Blockchain.News reported.

The NBA acknowledged that the fantasy basketball game would allow fans to develop a lineup of NFT-powered digital collectables based on their favourite teams and players.

Sorare seeks to boost digital assets and blockchain adoption in daily life by creating unique digital tokens on its fantasy platform. 

“There has been a lot of hype around different football projects using non-fungible technology up to now, but the ones that stick around will be those that offer real underlying utility and see non-fungible technology as the means to achieving their goals, not the ends,” Julia stated.

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