Premier League soccer club Arsenal F.C. has partnered with sports blockchain provider Chiliz to launch the club’s fan tokens on Chiliz’s Socios.com app. Arsenal joins a growing list of sports entities on the platform, including Barcelona, Juventus, Paris Saint Germain and AC Milan.
During the Covid-19 pandemic, sports clubs had to look for other revenue streams to compensate for the lack of ticketing on game days. Sorare, a fantasy football game, is often the go-to example in the sports blockchain space of a platform that thrived during the pandemic by offering an innovative and lucrative way for football clubs to entertain and engage with fans. But Chiliz’ Socios.com does not fall far behind.
According to Socios.com management team, the app has had almost 1.2 million downloads since its launch in 2019. Of those, almost 70% took place in 2021.
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