KEY POINTS
The triumph of Paris Saint-Germain (PSG) over Barcelona in the UEFA Champions League quarterfinals on April 17 sparked a surge of excitement among fans, reflected in the dynamic movement of the two clubs’ fan tokens.
PSG’s victory propelled its fan token price up by 25%, climbing from $4.40 to $5.31, while Barcelona’s fan token, BAR, experienced a sharp decline from $3.33 to $3.05, marking a 4.2% fall.
Both PSG and BAR tokens are minted on Socios.com’s sidechain Chiliz Chain. Socios.com, which plans to position Chiliz Chain as a leader in the sports blockchain space, also publishes fan tokens for several other sporting organizations, including Inter Milan, Manchester City, AC Milan, and UFC.
At the time of going to press, PSG was priced at $4.44, up 1.98% over a 24-hour period, on CoinMarketCap, while BAR was trading at $3.00, down 9.69%. However, both tokens witnessed significant trading volume in the 24-hour period, with PSG recording a 174.91% increase to $34,717,906 and BAR a 61.09% increase to $12,136,093.
PSG has been quite active in the Web3 space. Last year, PSG collaborated with Crypto.com to release seven AI-generated NFT posters of matches featuring PSG in France’s Ligue 1. Artist Benjamin Benichou created these posters to be distributed free of charge. Fans who collected all seven posters received rewards.
In another collaboration with Crypto.com and Blvck, PSG was involved in releasing the “Blvck x PSG” NFT collection, offering mystery boxes with rare physical rewards.
