By Shelly Melancon (Switzerland)
After spending more than 25 years at Barcelona, legendary football star, Lionel Messi finally switched clubs. He made his historic switch to the Paris Saint-Germain football club.
Inside Sources Reveal A Discovery
While his move and the amount he would earn were made no secret, what was secretive about his earnings is that part of his earnings would be in non-fungible tokens (NFTs). Insider sources revealed this secret to reputable news media, Bloomberg.
The Tweet About Messi’s NFT Payment. Source: Twitter
Barca fans are yet to recover from the shock that Messi would no longer play for their darling club, especially after the player had disclosed that he would stay at Barcelona. There were controversies regarding why Messi had to leave, with some reports saying Messi’s refusal to agree to the club’s terms was the main reason for him leaving. Some also opined that the club and Messi couldn’t reach an agreement as the club finances have taken a deep nosedive.
The news about Messi being made with NFTs will only spread the NFT gospel further. While NFTs was first launched three years ago, this year is the first time NFTs would be deployed as fan tokens by top sports clubs such as Roma and Paris Saint Germain FC. This new revelation might cause an uptick in the price of PSG fan tokens which currently trades at $40.55.
PSG/USDT 1-Day Chart. Source: Tradingview
Following the news of Messi’s signing for the club, the price of PSG fan tokens surged by more than 200% and even attained a peak price of $61.64 two days ago when he was unveiled as their new signing. The PSG fan token is a utility token on the Chillz blockchain.
PSG Token Price Chart. Source: Twitter
NFT Fan Tokens Still Bullish
The entire crypto market space is still in a bullish mood, and the prices of several cryptocurrencies have been green as well. After the surge in the prices of bitcoin and utility tokens, NFT tokens like Chillz have followed suit, with some reaching their peak price, and the cycle continues that way.
After the market correction that lasted for about two months, cryptocurrencies, including the king coin, have resumed another bullish run. This second bullish run could lead to another peak price for the majority of the cryptocurrencies, including PSG fan tokens and similar NFT tokens.
This Messi transfer news and the new revelation concerning being paid with NFT could trigger a long bullish run for fan tokens, including the PSG fan token.
Increasing NFT Popularity
Those unfamiliar with blockchain and cryptocurrency still find it hard to understand the concept of NFTs. Yet, this niche continues to grow in popularity, with more retail investors familiarising themselves with the space.
Most are now willing to invest their government-received stimulus package into the crypto world. A theory that was validated by a recent survey carried out by investment research firm, Robinhood. The survey revealed that almost 63% of respondents wouldn’t mind investing in the crypto space.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.