Cryptonica reports that Paris Saint-Germain has become the first football club to take on a role in managing the Chiliz Chain blockchain, as announced on social media.
It is noted that the revenues generated will be reinvested in buying back $PSG, contributing to the development of the club's digital economy.
Additionally, PSG has become part of a new economic model that includes reward mechanisms for token holders. Through the fan token, the Parisians are providing fans worldwide with ownership rights to digital assets.
Chiliz merges sports and Web3, with its ecosystem valued at $1 billion. Following the announcement of the partnership between PSG and Chiliz, the network's native token has surged by 10% in the last 24 hours.
In the current season, after 22 rounds in the French championship, PSG leads the league table with 53 points.
