As a result, the Juventus star is the first footballer to be paid in cryptocurrency. The tokens were developed by the Italian team in collaboration with Chillz and Socios. An initial coin offering is normally used to fund the digital asset.
Football teams have been investing in blockchain tokens in order to include supporters in their club's activities. For particular purposes, club tokens are raised. Other football teams, in addition to the Old Woman, have their own fan tokens.
Manchester City, Barcelona, Roma, Athletico Madrid, and a slew of other clubs have fan tokens. These clubs have collaborated on the creation of their tokens with Chillz and Socios. Juventus' digital asset gave the Italian team a boost.
However, David Barral, a former Real Madrid forward, was the first player to be purchased with cryptocurrency, thanks to a collaboration between DUX Internacional de Madrid, a Spanish third division club, and their sponsors, Criptian.
Criptain is a cryptocurrency exchange that invested in the club in January 2021 to secure the 37-year-old Spaniard.
Content created and supplied by: Phred_991 (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More