How cryptocurrencies are currently conquering football

The relevant cryptocurrencies have been a topic in the major news and newspapers for several years. The great interest can be attributed to the enormous increases in the value of digital currencies, which have made many investors wealthy. According to Handelsblatt, there is about 1.5 trillion US dollars in the cryptocurrency market. No wonder the big European football clubs are slowly but surely liking them. But both sides are interested in the other.

Crypto x Pro Soccer – Good prospects for good profits

Sporting events are generally very popular. The absolute number one, however, is football. He inspires more than four billion fans worldwide. Several crypto exchanges and brokers also want to take advantage of this reach this year, which is why some of them have become official sponsors of the 2022 World Cup in Qatar. However, the enthusiasm can be felt on both sides. After all, both parties hope that the collaboration will result in good business with large profits in the future. So while the crypto companies want to get more exposure, football is about creating new revenue.

First football clubs with NFTs and cryptocurrencies

The great demand for NFTs and cryptocurrencies has now also reached the German Bundesliga. The first Bundesliga clubs, including VfL Wolfsburg and Eintracht Frankfurt, recently offered their first NFT versions of their jerseys. Second division team Werder Bremen has already sold out its NFT jersey collection. In addition to the virtual merchandise products, however, other clubs have come a long way.

Virtual fan tokens

Some clubs in France, Italy and Spain are already one step ahead of the Germans. Juventus Turin, Atletico Madrid and Paris Saint-Germain already offer fan tokens. These can be purchased by fans, for example to be able to buy club-owned NFTs. However, the owners get other privileges, such as discounts and the right to vote on various topics.

Buy tickets and jerseys with cryptocurrencies

It is only a matter of time before the first football club offers its jerseys, tickets and other fan items for sale with cryptocurrencies internationally. In the near future, fans will then buy tickets for a World Cup, League or Champions League match using currencies like Solena. By taking cryptocurrencies, which can usually increase in value much faster than conventional currencies, football clubs could open up a different source of income. This is also badly needed as wages and transfer costs continue to rise for each season.

Speculation with fan tokens through transfers

The potential of the clubs’ cryptocurrencies has already become clear by using the example of Manchester City. The English club was one of the first to release its own fantoken to its fans. A few months later, when the rumor mill reported a possible transfer from Cristiano Ronaldo, the value of the token increased by 20%. There will be many more such price increases in the future. Even though Borussia Dortmund had to set its own fan token due to a fan protest.

Speculate with cryptocurrencies

The fantokens of the big football clubs are currently only available on their online sites. But if interest in digital currencies continues to rise among fans, the deals will soon also be available from providers like Anycoin and Co. The recent gains from major investment banks such as Goldman Sachs are likely to boost this trend further. After all, it is no coincidence that US investor and ex-banker Gerald Cardinale recently bought the majority of AC Milan for 1.2 billion euros. The cryptocurrency business is the right thing to do to more easily cover the high costs.

Photo: SID

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