Paris Saint-Germain (PSG) has become the first sports club to join the blockchain arena as an official validator on the Chiliz Chain. PSG has partnered with Socios.com to secure and facilitate transactions on the Chiliz blockchain, as part of its strategy to invest in digital innovations for its global fans.
Through this collaboration, PSG contributes to the security and efficiency of the Chiliz Chain and engages in the ecosystem’s governance, highlighting its commitment to digital fan interaction.
Enhancing Fan Engagement through Digital Innovation
PSG’s decision to become a validator on the Chiliz Chain shows its proactive approach towards incorporating web3 technologies. By actively participating in the blockchain’s operations, PSG is ensuring a secure and reliable platform for their Fan Tokens. This move is strengthening the club’s digital economy.
The initiative to reinvest all validator revenue into purchasing back PSG Fan Tokens illustrates the club’s commitment to creating a self-sustaining digital ecosystem. This strategy not only enhances the value of Fan Tokens but also promotes a vibrant community of digital asset owners.
Alex Dreyfus, CEO of Chiliz and Socios.com, stated: “We’re thrilled to deepen our existing relationship with Paris Saint-Germain by welcoming them as an official validator on the Chiliz Chain. This evolution marks a significant milestone in the adoption of web3 by fans, clubs, and leagues. We’re confident that this move will pave the way for other clubs to join us in this innovative journey. PSG’s active role as an official validator will undoubtedly propel our SportFi ecosystem to new areas, furthering our long-standing partnership with the club.”
Additionally, PSG and Chiliz will host blockchain hackathons at Parc Des Princes stadium to engage with the digital and web3 communities. The events aim to bring together developers worldwide to create new web3 solutions and promote innovation and community building.