Argentine Football Association has agreed a deal with fintech blockchain company Chiliz to introduce fan tokens to Socios.com. Argentina will become the first football national team in the world to use Fan Tokens to engage with their global fanbase on Socios.com.They will be joining an elite roster of 30+ sporting organizations across various sports including Football, Formula 1, Esports, Ultimate Fighting Championship (UFC), Cricket.
The agreement will allow Argentina fans to use the $ARG Fan Tokens – for sale, digital collections – to earn VIP rewards, club promotions, games, AR-enabled features, and the team’s voting and non-binding voting rights on Socios.com.
Claudio Tapia, President of AFA, said: “We are very happy to announce this important agreement with the multinational and innovative brand Socios.com. Since assuming our management, we have faced the challenge of generating greater income for the AFA, developing new revenues, and enhancing the commercial presence of our National Team in the world.”
The news completes a hat-trick of announcements for Socios.com in less than 24 hours. Earlier, the firm had revealed that three leading teams from the Indian Premier League (IPL) and NASCAR team Roush Fenway Racing will join their roster. IPL franchises Royal Challengers Bangalore, Punjab Kings, and Kolkata Knight Riders announced their partnership with the platform.
The company said it had major global expansion plans for 2021 and would expand its existing presence in Europe while targeting the launch of more tokens in the UK, Asia, and South America.
Chiliz $CHZ – digital sports and entertainment digital and native currency Socosos.com. It is amongst the world’s top 35 cryptocurrencies with a market capitalization of $3.3 billion. In 2021 alone, Fan Tokens have generated revenues of $120million+ to be shared with Socios.com partners. More and more sporting clubs and teams are joining this new way of fan interaction and engagement using crypto-currency and we can expect more announcements in the future.