Share this article
Paris Saint-Germain Becomes First Soccer Team to Validate a Blockchain
The club will reinvest the proceeds from being a validator into buying back PSG fan tokens.
Updated Mar 8, 2024, 9:57 p.m. Published Feb 22, 2024, 9:00 a.m.
French soccer giant Paris Saint-Germain said it will become a network validator for the Chiliz Chain blockchain that hosts its PSG fan tokens, and use the money it generates to buy them back on a regular basis.
Sports clubs have dipped their toes in crypto over the years through the creation of fan tokens, which can be used for sports memorabilia and experiences, however this is the first time a club is getting involved as a blockchain validator. Validators are entities that manage blockchain nodes, securing the network through functions including transaction verification and smart-contract authorization. In exchange, validators generate revenue from running a node.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The club, currently leading France's Ligue 1 competition, introduced its fan token in September 2018. The token now has a market cap of $28 million, according to CoinMarketCap data. The buy-back program will allow PSG to "regularly refresh" its fan token reserves and help build a sustainable digital economy around them, Chiliz said.
"We will optimize our future engagements for network effects, amplifying the value and revenue each stakeholder can generate and experience within this new digital economy," Pär Helgosson, Paris Saint-Germain's head of Web3, said in a statement.
The Chiliz native token rose by 10% to $0.133 on the news with its market cap rising to $1.15 billion, according to CoinMarketCap.
Other big-name soccer clubs with tokens on Chiliz include FC Barcelona, Manchester City, Juventus, Arsenal, Inter Milan and AC Milan.
Paris Saint-Germain also announced that it will host a hackathon event at its Parc Des Princes in the coming months in an event that will be co-hosted by Chiliz.
UPDATE (Feb. 22, 13:15 UTC): Adds CHZ price reaction.
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug
As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.
Top Stories
