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    Manchester City Catches Crypto Frenzy, Becomes First English Club to Launch Digital Fan Token

    Gbemileke Babatunde
    4 weeks ago
    Manchester City Catches Crypto Frenzy, Becomes First English Club to Launch Digital Fan Token

    Four-time English Premier League champions, Manchester City has become the latest football club to embrace cryptocurrency. City has now launched its own $CITY digital fan token.

    According to a report on City’s official website, its fans worldwide will be able to clinch VIP rewards and voting rights using the $CITY token through sports fan engagement platform, Socios.com – which runs on the Chiliz blockchain.

    Having gone live in 2019, Chiliz has morphed into one of the largest blockchains for e-sports and gaming crowdfunding on Socios.com, allowing fans to crowd-manage their favourite teams, games, leagues, and events.

    In retrospect it was inevitable.

    Hello Premier League, welcome @ManCity $CHZpic.twitter.com/jI5fSrSdD6

    — Chiliz ($CHZ) (@Chiliz) March 19, 2021

    Speaking on the club’s digital token launch, Stephan Cieplik, Senior Vice President of Global Partnerships Sales for City Football Group said:

    This will provide another opportunity for our fans all over the world to get even closer to the club they love.

    Stephan Cieplik, Senior Vice President of Global Partnerships Sales for City Football Group. 

    “Fans will have access to fantastic competitions and VIP experiences and be able to vote on club initiatives. We recognize the significant interest in blockchain and the opportunity it provides us to engage further our global fanbase,” he added.

    Cryptocurrency has steadily been going mainstream and its adoption has extended to professional sports such as football. Just two months ago, ex-Real Madrid striker, David Barral became the first-ever player to be bought with bitcoin.

    Bitcoin Meets Football: Ex-Real Madrid Striker Becomes the First-ever Footballer Bought with Bitcoin

    Football clubs are now leveraging blockchain platforms and digital currency offerings to provide much more immersive fan experience.

    Socios.com Fan Token partners include an impressive array of top European clubs such as Juventus, AS Roma, Galatasaray, FC Barcelona, Atlético de Madrid and Paris Saint-Germain (PSG).

    PSG, AC Milan, Barcelona and Juventus digital fan tokens are currently valued at almost half a billion dollars ($400 million).

    With Manchester City also catching the crypto frenzy, its existing club members will be eligible to receive a free $CITY digital fan token.

    Featured Image Credit: Socios.com/Twitter

    Nigeria Contributed 90% of Over $600m Traded by African Crypto Startups in 2020

    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


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    Gbemileke Babatunde

    Mechanical Engineer; Telling Africa-focused tech stories on startups, policy and governance.

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    For many people, managing money and knowing the ri For many people, managing money and knowing the right opportunities to invest in is still a challenge. A survey of over 2,000 youths in Nigeria, Kenya, Uganda, Tanzania and Cote D’Ivoire by Geopoll revealed that more young Nigerians only save after spending than their counterparts in other countries.

More youths in Tanzania and Uganda set aside a fixed amount to save than in Nigeria and Ivory Coast, who are more likely to save what remains after spending

The popularity of apps like @Piggybankng and @Cowrywise has made more people curious about saving, investing and creating a financial strategy to grow their money. However, there is need for more apps that take a more deliberate and friendly approach towards gaining financial intelligence and map out a sustainable path to monetary stability.

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    Today, @Google unveils a Doodle to posthumously ma Today, @Google unveils a Doodle to posthumously mark the 74th birthday of Nigerian music legend and highlife maestro Oliver de Coque, one of Africa’s most prolific recording artists of all time.

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