logo

AC Milan to Launch ACM fan token with Chiliz

football

TL:DR Breakdown:

  • AC Milan has signed a multi-year partnership with Socios.com.
  • Under the partnership, the Italian club will launch its ACM fan token.

Since the past year, the cryptocurrency sports movement has been gaining traction as popular football clubs have joined to improve fan engagement. On Monday, the Italian professional football club, AC Milan, announced its ACM fan token as part of its collaboration with Chiliz, the world-leading fintech blockchain company for sports and entertainment.

Using the cryptocurrency, AC Milan supporters will be able to take part in certain decisions regarding the football club.

AC Milan prepares for ACM fan token

The development today follows the club’s new multi-year global partnership with Socios.com, the leading blockchain-based fan engagement platform. So, under the new deal, AC Milan will roll out its ACM fan token on the fan engagement platform to raise AC Milan’s engagement with its fans. No specific date was mentioned for the token release, however, the report did note that the ACM fan token will be launched in the coming weeks.

As with other fan tokens, the ACM digital currency will allow the Italian club supporters to become more involved with the club and also participate in making certain decisions for the club. The cryptocurrency will grant the holders other benefits that include VIP experiences and rewards, competitions, games, sponsor promotions, and so on. The partnership is part of AC Milan’s commitment to innovation, as well as growing its digital presence.

Cryptocurrency in sports

AC Milan has become the latest club, if not the first, to announce plans for a fan token. Many other popular football clubs already launched their native digital currency last year. Some of these clubs Barcelona, Juventus, Atletico Madrid, and others. Barca had a massive/flash sale during the token sale period. It’s left to be seen whether the ACM fan token will have a similar sales record. That aside, the crypto-sport movement has been gaining ground, and more professional clubs are likely to join the train.

Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related News

Hot Stories

How to stake Verasity (VRA): What's the 2,500,000,000 reward capacity?
Singapore’s crypto lender Hodlnaut shuts down
How to Stake on Kraken: Earn Up to 23% APY On Your Crypto
Go Around the World with 1xBit and Win Crypto
Bitcoin, Binance Coin, ApeCoin, and Decentraland Daily Price Analyses – 8 August Morning Price Prediction

Follow Us

Industry News

Singapore’s crypto lender Hodlnaut shuts down
Celsius withdraws motion to rehire CFO at $92,000 a month
Crypto.com earns license of operation in South Korea
Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance