Juventus and Paris Saint-Germain (PSG)’s partner, Chiliz, is launching the world’s first cryptocurrency exchange where sports and entertainment tokens are to be traded.
During a keynote broadcast on YouTube, CEO of Chiliz, Alexandre Dreyfus, made the disclosure, saying the innovative exchange would be launched on Chiliz.net.
The platform, according to him, will be a maiden mobile and desktop crypto exchange for sports and entertainment products.
The platform is already available on desktop, iOS and Android, and a complete launch is expected to follow in February 2020 when the Fan Token Offerings (FTO) for all the Socios.com, the first fan voting and reward app, partner teams will start.
Socios.com already has 7 top sport teams as partners. The platform is bringing in cryptocurrency enabled fan engagement to the sporting world.
Already, socios.com has collaborated with West Ham United ($WHU), Galatasaray ($GAL), A.S. Roma ($ASR), Atlético de Madrid ($ATM), Paris Saint-Germain ($PSG) and Juventus ($JUV). Similarly, fan token for these big teams will be available on Chiliz.net from the end of March. As well, Fan Tokens for esports giants OG ($OG) is to be launched in March 2020.
Soon, Chiliz says it will be announcing more football teams. Esport, and entertainment partner to the tune of 50 Fan Tokens that can be traded on Chiliz.net.
“We’re really excited to finally reveal the plans for Chiliz.net, the world’s first crypto exchange for sports & entertainment,” says Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com during a live program on YouTube.
“For Chiliz.net, we’ve used state-of-the-art software to launch a desktop and mobile platform that facilitates the 24/7 trading of digital assets from some of the biggest sporting brands in the world – Juventus, Paris Saint-Germain, Atletico de Madrid and Galatasaray to name but a few.”
Sport teams are collaborating with blockchain firms to launch crypto-related ideas. Recently, FC Bayern partnered Stryking, a section of Animoca Brands, to launch digital collectibles.