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Spain and Argentina's football fan tokens both plummeted in value recently — despite both teams winning major tournaments. Many of the biggest coins are down more than 90% from all-time highs.
The Block's Sports Token Index has been one of the worst-performing baskets of assets in the market this week.
Does the performance of soccer team tokens align with on-the-pitch performance? Max Good, from CoinDesk Indices' team, breaks down the match stats.
Fan tokens for several popular sports teams and celebrities have seen a surge in value following their listing on the South Korean-based exchange Upbit.
South Korea's largest crypto exchange UPbit said on January 5 that it would list several fan tokens, including that of AC Milan (ACM), Atletico Madrid, Manchester City (CITY), Naples (NAP), Arsenal (AFC), Barcelona (BAR), and Inter Milan (INTER). The post Fan tokens rise by 7% following UPbit listing appeared first on CryptoSlate.
Chilliz's creation of fan tokens has been an excellent way to improve the interaction between fans and clubs. As of today, there are 51 fan tokens that are currently in use.
Fan tokens have carved their own niche in the crypto scene.
It is no surprise that the crypto universe and its various affiliated virtual digital assets have taken the world by storm, even in the middle [...]
Fan Tokens continue to reach new highs after seeing all-time sales volume hit new milestones despite the steep decline of cryptocurrencies. The post Global Fan Tokens Surpass $80B in Sales Despite Crypto Downturn appeared first on BeInCrypto.
