March 6, 2021

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Hat-trick hero: Empty stadiums get blockchain and soccer to play together

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In a first for professional soccer, Spanish team DUX Internacional de Madrid has used crypto to buy a new player. Ex-Real Madrid player David Barral is a new acquisition for the club facilitated by the cryptocurrency trading company Criptan.

Although technically this is not the first recorded Bitcoin (BTC) transfer, amateur Turkish club Harunustaspor bought 22-year-old player Omer Faruk Kiroglu back in 2018 for 0.0524 Bitcoin and 2,500 Turkish Lira. This move was performed to gain attention for the club in international media for doing “something new” but not necessarily sparking blockchain adoption in soccer.

DUX’s acquisition is indicative of the adoption of blockchain technology and crypto tokens within the soccer community and its fans. This development came soon after European soccer giant AC Milan joined the blockchain bandwagon by announcing on Jan. 18 the impending launch of their native fan token, ACM, on the Chiliz blockchain, a fan engagement platform.

The CHZ blockchain includes 20 other sporting organizations and has reportedly been installed 450,000 times, with token sales exceeding 14 million in number, with the fan token of reigning Italian Serie A Title: Hat-trick hero: Empty stadiums get blockchain and soccer to play together
Sourced From: cointelegraph.com/news/hat-trick-hero-empty-stadiums-get-blockchain-and-soccer-to-play-together
Published Date: Sun, 24 Jan 2021 15:07:00 +0000