• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Football fans cashing out with Crypto as Juventus’ fan token rises by 596.98%

Olumide Adesina by Olumide Adesina
April 3, 2021
in Cryptos, Markets, Spotlight
Football fans cashing out with Crypto as the $JUV rises by 596.98%
Share on FacebookShare on TwitterShare on Linkedin

A growing number of football teams are now venturing into crypto for obvious reasons. With a Covid-19 battered global economy, football teams have had their stadium gates closed in compliance with lockdown measures aimed at curtailing the spread of the virus, leading to billions of dollars in losses.

Data from Deloitte, revealed that major football league clubs will have lost over €2 billion in revenue by the end of the 2020/21 season, including amounts foregone in respect of 2019/20, as a result of the COVID-19 pandemic, primarily due to:

  • near-zero Matchday revenue for the Money League clubs beginning from March 2020, with fans unlikely to be able to return in significant numbers for any of the 2020/21 season;
  • broadcast rebates of the ‘big five’ leagues and UEFA, which reportedly amounts to about €1.2bn, a large proportion of which is borne by Money League clubs; and
  • lost potential to continue their previous growth trajectory over the period.

READ: Cristiano Ronaldo becomes first footballer to earn Crypto

RelatedStories

cyberattacks

Crypto: FG raise alarm over cyber slavery targeting Nigerian youths across West Africa 

April 28, 2025
CBN guidelines: “Nigeria to witness surge in crypto usage in 2024” – Yellow Card 

Nigeria crypto adoption is increasing, so are fraudsters becoming sophisticated  

March 10, 2025

Taking into account that the top 20 football clubs generated a combined €8.2 billion in 2019/20, down 12% on the prior season (€9.3 billion), it then becomes unsurprising that football clubs would be searching for other revenue channels and innovative strategies to keep their fans engaged.

Sports teams take advantage of the feeling of ownership exhibited by their fans. It is logical, therefore, for football teams to explore avenues that strengthen fan loyalty and their passion for the game.

Juventus the best-supported football club in Italy became the first team offering the world’s first fan token.

Holders of the Juventus Fan Tokens ($JUV) will be able to vote on some specific decisions made by the club, such as changes to the club’s jersey. They can also earn rewards while doing so, as well as access exclusive content and memorabilia.

READ: Ex-Real Madrid Striker, David Barral becomes first-ever footballer to be bought with Bitcoin

Recall that the world’s highly respected footballer, Cristiano Ronaldo collected about 770 Fan Tokens ahead of Juventus’ match against Benevento some weeks ago, as a way of marking his record-breaking goal milestone.

It is the first time a footballer has been rewarded with Crypto, which is becoming a prominent feature in the interaction of fans with the world’s most popular sport.

A growing number of fans holding the leading Italian football team’s token are obviously smiling to the bank. At the time of writing this article, the fan token has already generated returns of about 596.98% within a span of 11 months according to Coinmarketcap.

Barcelona FC has also seen its token rise by over 1,500% since its launch at $2; and now trades at about $35 (at the time of writing this article), posting massive gains to holders of such asset.

Manchester City Football Club is the latest football club exploring sports fan tokens. Registered Manchester City fans can use these tokens to get rewards or giveaways organized by the football club, play mobile games, access promos, and vote on the club’s polls.

READ: Cryptos likely to gain at least 1000% very soon

Besides Manchester City Football Club, Barcelona and Juventus, other clubs that have signed deals with Socios.com, a first-of-its-kind mobile app for football fans to vote on club-specific decisions, include AC Milan and Paris Saint-Germain.

Manchester City Football Club has announced that it will be rewarding all registered fans with free $CITY Tokens. Such offering is seen as a reward for fan loyalty and, therefore, increases the clubs’ engagement with their fans. Other teams like Liverpool Chelsea, Arsenal, and Manchester United are also towing the path.

The use of crypto in sports will also address geographical challenges and trigger the global expansion of sports and teams. Football clubs are now using blockchain to facilitate better experiences for their fans and presently, Chiliz is the crypto used in buying these sports fan tokens.

Crypto traders and investors can trade these sports tokens on Crypto exchanges like Chiliz.net, Binance and just recently, HitBTC added AC Milan (ACM), Juventus (JUV) and Paris Saint-Germain (PSG) fan tokens to their platform.

Dear Traders,

We have successfully added AC Milan (ACM), Juventus (JUV) and Paris Saint-Germain (PSG) Fan Tokens to our platform.

Trade $ACM, $JUV and $PSG against $USDT, visit: https://t.co/nGfrMnquKU pic.twitter.com/DpeoEAoojJ

— HitBTC (@hitbtc) April 2, 2021

Nairametrics anticipates that such engagements with these football clubs via blockchain will open more economic opportunities and leverage the wider audience via collaboration with the industry’s global brands.

However, as this market segment grows and becomes increasingly concentrated, Crypto education also becomes necessary. Supporters of the most popular sport games need to adapt and work adaptively with their respective football teams in utilizing these tokens more efficiently rather than for just speculating price movements.


Follow us for Breaking News and Market Intelligence.
Tags: cryptocrypto exchangesTokens
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

cyberattacks
Business News

Crypto: FG raise alarm over cyber slavery targeting Nigerian youths across West Africa 

April 28, 2025
CBN guidelines: “Nigeria to witness surge in crypto usage in 2024” – Yellow Card 
Cryptos

Nigeria crypto adoption is increasing, so are fraudsters becoming sophisticated  

March 10, 2025
What Trump Crypto Strategic Reserve means for Nigeria investors!
Digital Media

What Trump Crypto Strategic Reserve means for Nigeria investors!

March 5, 2025
Why the Market Is Betting on the Naira, Crypto’s Decline & GDP’s Hidden Story | Drinks & Mics
Digital Media

Why the Market Is Betting on the Naira, Crypto’s Decline & GDP’s Hidden Story | Drinks & Mics

March 1, 2025
Trump vows to impose 25% tariffs on autos, pharmaceuticals, others 
Cryptos

Trump tariffs threat turns Crypto market into Red Sea

February 25, 2025
Crypto exchange Bybit loses $1.4 billion to hackers in largest crypto theft 
Cryptos

Crypto exchange Bybit loses $1.4 billion to hackers in largest crypto theft 

February 21, 2025
Next Post
Nigerian Stock Exchange, sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms, Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion , Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion

Why these 7 companies may be delisted from the NSE soon

Comments 1

  1. Aizebhughele kelvin says:
    April 4, 2021 at 7:01 am

    Please I need more information on crypto

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Gombe receives N60 billion from FG to establish 184-hectare Agro-Livestock Industrial Zone
  • IGP extends tinted glass permit enforcement grace period to August 12 
  • Top 10 export destinations for Nigeria in Q1 2025: India takes the lead

Follow us on social media:

Recent News

Gombe Govt approves N1.15 billion for solar street lights, infrastructure in 3 LGAs

Gombe receives N60 billion from FG to establish 184-hectare Agro-Livestock Industrial Zone

June 14, 2025
IGP to prosecute ex-personnel who ‘hijacked’ truck carrying 40,000 litres of petrol in Enugu 

IGP extends tinted glass permit enforcement grace period to August 12 

June 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics