AC MILAN TO LAUNCH FAN TOKEN ON CHILIZ’ SOCIOS.COM

Italian football giants AC Milan are teaming up with Malta-based fintech blockchain company Chiliz, to launch fan tokens on its Socios.com fan engagement and rewards platform.

One of the most successful clubs of all time, AC Milan have 18 FIFA and UEFA trophies, along with 18 Serie A titles, and a global fanbase estimated to be in the region of 450 million – including a large fanbase in Asia. 

Regarding the news Chief Revenue Officer at AC Milan, Casper Stylsvig, said:

“We are happy to join hands with Socios.com and welcome them to our family as a global partner. This partnership allows us to give our 450 million fans across the world another exciting way to interact with AC Milan, which is particularly important under the current circumstances created by the Covid-19 pandemic.

“As an innovative Club, one of our focus areas is modernization and this partnership helps us complete another important step in that direction.”

While CEO and Founder of Chiliz and Socios.com, Alexandre Dreyfus, added:

“I’m delighted to welcome AC Milan and their 450 million fans from across the world to Socios.com.

“Fans of the I Rossoneri will be able to enjoy unprecedented engagement with their favourite team, influencing the club in polls, accessing VIP rewards, exclusive promotions, chat forums and much more.

“The AC Milan partnership is a great start to a year in which we will work harder than ever on our mission to fully establish Fan Tokens as the ultimate fan engagement tool and as a powerful new revenue generator for the sports industry.”

Seven-time Champions League winners AC Milan will be launching the $ACAM Fan Token on Socios.com, following in the footsteps of other top-tier football clubs including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Atlético de Madrid, Galatasaray and Trabzonspor, along with esports organisations Team Heretics, NAVI, OG, and Alliance. 

MMA organisations UFC and the Professional Fighters League have also signed agreements and will be launching their own fan tokens in the coming months. 

Socios.com is powered by the utility token $CHZ, and is currently one of the most active non-financial, consumer-facing mainstream blockchain products in the world. According to Chiliz, the Socios app has now been downloaded more than 450,000 times, over 14M Fan Tokens have been sold, and over 700,000 votes registered on the blockchain.

In just over 12 months, Fan Tokens have generated over $30M USD for clubs and partners, and in December 2020 and January 2021, a number of tokens were listed on global cryptocurrency exchanges, further fueling interest. $PSG and $JUV trading volumes hit a 24-hour high of $300M in late December 2020. 

All original content featured on this site is © Pentagon Digital Limited, 2019-2021.