PSG’s cryptocurrency sank up to 12% after elimination in the Champions League

PSG’s cryptocurrency sank up to 12% after elimination in the Champions League

As a result of the unexpected result, the Fan Token it plummeted to $14.40against the u$16.27 closing on Tuesday.

The multimillionaire club, managed by Arab sheikhs, bet heavily on virtual assets, mainly after the arrival of Lionel Messi.

According to the medium Marca.com, last September, a month after the signing of Rosario, PSG closed an important sponsorship agreement with crypto.com, a platform that allows the exchange of cryptocurrencies. It is estimated that the three-year agreement brings the French club some 30 million euros and that it will also receive it in its virtual currency.

This group is the third with blockchain technology that joined the PSG and is used mostly for cryptocurrencies and NFTs. PSG has also entered the world of NFTs or unique non-fungible tokens, digital assets certified using blockchain technology, launching a themed collection of these images by Parisian artist Ludo.

The club’s Fan Token is the best valued in the world of football. Before the game against Real Madrid, the crypto was $6 above Manchester City and $8 above Barcelona, ​​the two clubs that completed the podium.

Source: Ambito

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