"Wow, this French football team is the best, it's time to take action."
Giants French football team Paris Saint-Germain will be a network validator for the Chiliz blockchain which becomes hosts fan tokens PSG then used the money it generated to buy him on a permanent basis.
The sports club has joined the world of currency crypto for years through creation of fan tokens that can be used for memorabilia* and sports experiences, but it should be noted that this is the first time it is involved as blockchain validators.
*Extraordinary things that are remembered and remembered
In context, validators are entities that manage blockchain nodes, secure the network, validate transactions including smart contract authorization and in exchange, validators can generate revenue from running nodes.
Since introducing token fan As of September 2018, PSG currently has a market capitalization of $28 million, therefore The buyback program will allow PSG to regularly increase its fan token reserves and help build a strong digital economy.
According to Pär Helgosson, Head of Web3 Paris Saint-Germain said his team will optimizing its future engagement for network effects, amplifying the value and outcomes can be generated and experienced by every stakeholder in this new digital economy.
He added, it will is organizing a hackathon event at the Parc Des Princes in the coming months in an event organized with Chiliz.
Pleased to be informed that the CHZ token founded by Chiliz which gradually rose to $0.14 also attracted the attention of other famous football clubs such as FC Barcelona, Manchester City, Juventus, Arsenal, Inter Milan and AC Milan.
