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{"id":2585,"date":"2022-03-30T14:48:03","date_gmt":"2022-03-30T14:48:03","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/03\/30\/lionel-messi-signs-20-million-deal-with-socios-com-fan-token\/"},"modified":"2022-03-30T14:48:05","modified_gmt":"2022-03-30T14:48:05","slug":"lionel-messi-signs-20-million-deal-with-socios-com-fan-token","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/03\/30\/lionel-messi-signs-20-million-deal-with-socios-com-fan-token\/","title":{"rendered":"Lionel Messi signs $20 million deal with Socios.com fan token"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/3\/29\/23001448\/lionel-messi-20-million-deal-promote-socios-fan-token-site-cryptocurrency-soccer-football<\/a>
\n
<\/br><\/code><\/p>\n

\n

Lionel Messi has signed a $20 million deal<\/a> with Socios to become the fan token site\u2019s global brand ambassador, according to a report from Reuters<\/em><\/a>. Messi, who plays for the Paris-Saint Germain soccer club and captains Argentina\u2019s national team, will promote the exchange for the next three years.<\/p>\n

A source close to the situation told Reuters<\/em> that the transaction will not involve cryptocurrency. When Messi transferred from Barcelona to the Paris-Saint Germain club last August, ESPN says<\/a> he received a \u201clarge number\u201d of fan tokens from Socios as a part of his signing-on fee. <\/p>\n

Fan tokens are a type of cryptocurrency that most often represent different sports teams, and enable fans to have input on small decisions within their teams\u2019 communities like squad numbers and celebration songs. Socios hosts fan tokens for a number of different teams across soccer, football, hockey, basketball, and more.<\/p>\n

\u201cFans deserve to be recognized for their support,\u201d Messi said in a statement. \u201cI\u2019m proud to join Socios.com\u2019s mission to create a more connected and rewarding future for fans around the world.\u201d<\/p>\n

More athletes and sports teams are crossing the field into crypto, with some football players, like Odell Beckham Jr. and Aaron Rodgers<\/a>, taking all or part of their salary in crypto. The NFL has also given a nod of approval<\/a> to any teams that want to promote blockchain companies (as long as they\u2019re not promoting specific cryptocurrencies).<\/p>\n

The intersection of sports and crypto hasn\u2019t come without controversy, however. In December, the UK banned two ads promoting the Arsenal FC fan token<\/a>, citing it didn\u2019t properly lay out the risks that come with purchasing the cryptocurrency. Earlier this month, a report from Off the Pitch<\/em><\/a> accused Socios of failing to make promised cryptocurrency payments to advisors and consultants on time<\/a>. It published messages that it says were sent by Socios CEO Alexandre Dreyfus about not giving them \u201cfree money\u201d to protect the investors who bought into chiliZ, the cryptocurrency he also controls. Dreyfus refutes this claim<\/a>, saying that \u201cJust like other currencies and cryptocurrencies, any change in the price of CHZ is predominantly driven by prevailing market conditions. With such a significant market capitalisation of CHZ, any reward structure for eligible employees has negligible impact on its price.\u201d<\/p>\n<\/div>\n


<\/br><\/code><\/p>\n

Source: https:\/\/www.theverge.com\/2022\/3\/29\/23001448\/lionel-messi-20-million-deal-promote-socios-fan-token-site-cryptocurrency-soccer-football<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Lionel Messi has signed a $20 million deal with Socios to become the fan token site\u2019s global brand ambassador, according to a report from Reuters. Messi, who plays for the Paris-Saint Germain soccer club and captains Argentina\u2019s national team, will promote the exchange for the next three years. A source close to the situation […]<\/p>\n","protected":false},"author":1,"featured_media":2586,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[18],"class_list":["post-2585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology","tag-tech"],"yoast_head":"\nLionel Messi signs $20 million deal with Socios.com fan token - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/03\/30\/lionel-messi-signs-20-million-deal-with-socios-com-fan-token\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lionel Messi signs $20 million deal with Socios.com fan token - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Lionel Messi has signed a $20 million deal with Socios to become the fan token site\u2019s global brand ambassador, according to a report from Reuters. 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