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What are Fan Tokens?
Description
What are Fan Tokens? Thanks for asking!
Even if you’re not a football fan, you can’t have missed the news of Lionel Messi’s recent transfer to Paris Saint Germain in mid-August. But you may not have heard details of the star’s €30M sign-on package at PSG, a significant proportion of which was paid in the club’s Fan Token cryptocurrency.
The move led to a spike in PSG trading, with the token value more than doubling from one week to the next.
Where can you buy fan tokens? And what’s the point? Why do football clubs need more money anyway? In under 3 minutes, we answer your questions!
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A podcast written and realised by Joseph Chance.
First Broadcast: 8/9/2021
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