Bitcoin News and Finance
Soccer Superstar Lionel Messi Gets Part of His Contract Paid in Cryptocurrency Skip to main content

Soccer Superstar Lionel Messi Gets Part of His Contract Paid in Cryptocurrency

messi

Lionel Messi, the Argentinian soccer superstar, has opted to receive cryptocurrency as part of his new contract signed with the French club Paris Saint-Germain. The club revealed that the player will receive crypto as part of his $30 million payment, as a “welcome package” given to the player. The proportion of the crypto stash in his payment was not disclosed, but the club stated it was a “significant” portion.

Lionel Messi Gets Part of His Contract Paid in Cryptocurrency

Lionel Messi, the Argentinian soccer player, will receive part of his contract payment in cryptocurrency, according to reports from his new French club, Paris Saint-Germain. Messi, arriving at the club after spending many years playing for the Spanish Barcelona soccer team, will receive a part of an estimated $30 million in the fan token of the new club as part of a welcome package offered as an incentive to the player.

While the total amount of this welcome bonus that will be paid in cryptocurrency has not been announced officially, the club told Reuters that it was a “significant” amount of the total bonus. Also, as a result of the buzz surrounding the arrival of Messi to the new club, the token experienced a big increase in its trading volumes.

PSG Trading Volumes and Price Rises

The official fan token of the club has seen increased trading volume and a rise in price as a result of the news and rumors of Messi coming to the team. According to reports, the token’s trading volumes exceeded $1.2 billion in the days leading up to his arrival. Also, the price skyrocketed 130% in five amidst reports that indicated Messi could be coming to the club.

The PSG fan token was launched in January 2020, as a part of the Socios.com token platform, and had an initial price of 2 euros. The token has a price of $41.23 at the time of writing, rising significantly since its issuance. These tokens give holders some kind of decision power in some of the matters regarding the club.

Fan tokens are a new source of revenue that some clubs have adopted in the last years with big success. Other clubs, like AC Milan, and the Barcelona FC, have already issued their fan tokens to capitalize on the relationship with its fan base. This was confirmed by Marc Armstrong, PSG’s Director of Partnerships, who stated:

We have been able to engage with a new global audience, creating a significant digital revenue stream.

What do you think about the cryptocurrency payment that Lionel Messi is receiving in its new contract? Tell us in the comment section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory