Binance Jumps into NFT Ticketing After UEFA Champions League Fiasco

Binance is looking into solutions to the escalating fraud in the traditional ticketing system for sports events. To this end, it launched a series of NFT tickets in collaboration with the Italian football club S.S. Lazio. This partnership will allow fans to buy season tickets for the team’s home games in the form of non-fungible tokens (NFTs). Why the Traditional Ticketing System is Failing In May, the UEFA Champions League Final in Paris was marred by chaos when multiple fake…

Brazilian Football Club Welcomes First Argentinean Crypto Signing Amid Economic Downturn

Harsh economic restrictions in Argentina have pushed the country’s football clubs towards cryptocurrencies. Recently, the first transfer of a football player via crypto instead of fiat occurred, marking a new era in football finances. Earlier this month, Sao Paulo Futebol Clube from Brazil paid $6-$8 million worth of USDC to Banfield’s Athletic Club for midfielder Giuliano Galoppo. The oscillating gap reflects the tempestuous value fluctuations between the US Dollar and the Argentinean Peso. The First Football Cryptocurrency Signing Galoppo's transfer…

MetaSoccer Raises 2 million Euros to Launch the First Football Game in the Metaverse

The operation is backed by international funds such as Play Ventures, Defiance Capital, Parafi Capital, DAO Maker, Kyros Ventures, Metrix Capital, and Peech Capital.  The advisory board is comprised by Youtubers Willy Rex, Reven, and Kmanus88  The project has already issued 72 million of its token (MSU) in private sale and 18 million in public sale.  The company's goal is to elevate MetaSoccer's professional leagues to the current football leagues. With this round of financing, the founders will hire new…

Football Fan Tokens and the Future of Cryptocurrencies in the Sports Industry

Prestigious European football club FC Barcelona is the latest to develop a cryptocurrency fan token in partnership with the blockchain company Chilliz. The token, Barca Fan Tokens (BAR), will be available to worldwide Barcelona football club fans who can use them to support the club by taking part in polls, surveys, make purchases, and get rewards, on Chilliz sports and entertainment platform, Socios.com. Barcelona is one among many prominent football clubs looking to engage their fans worldwide in club decisions…