PSG Becomes First Sports Team to Validate Fan Token Blockchain, Bolstering Digital Economy Ties
• Paris Saint-Germain becomes first sports team to be a validator on Chiliz blockchain that hosts its fan tokens • As a validator, PSG will help secure the network and generate revenue to buy back fan tokens • PSG introduced its fan token in 2018; token now has $28 million market cap • Validation allows PSG to build a sustainable digital economy around fan tokens • PSG will host a hackathon co-hosted by Chiliz at its stadium in coming months