The AC Milan football club, in conjunction with fintech blockchain platform Chiliz, has announced a strategic partnership with Socios.com.
The football club, in a recent blog post, confirmed this report, adding that the strategic partnership with Socios.com is aimed at launching the ACM Fan Token. The token is expected to go live in a few weeks’ time.
This is another huge milestone for the cryptocurrency space as well as a pointer to AC Milan’s devotion to creativity and innovation. The partnership with Socios.com will provide the Italian football club with better recognition in the digital asset space. The partnership also provides the team with a means to stay connected with its large fan base and also induce better fan engagement despite lockdown restrictions brought on by COVID-19.
ACM Fan Token and Voting Rights on AC Milan
The fan token will make it possible for fans to exercise their voting rights in several club decisions during the season. Apart from providing them with voting rights, owning the ACM fan token comes with a myriad of other benefits. Some of the benefits include “super-fan” recognition, exclusive club rights, VIP rewards and experiences, competition participation, promotions, and more.
Notably, Milan Devils’ Tokens purchased during the Socios.com pre-sale feature will be changed into the proposed ACM Fan Tokens.
Speaking on the announcement, AC Milan Chief Revenue Officer Casper Stylsvig disclosed that the football club was elated by the partnership with Socios.com. He added that they were pleased to “welcome them to our family as a global partner.”
According to Casper Stylsvig, the partnership will provide the football club with a more sustainable way of communicating with fans. The current onslaught of the coronavirus makes this feature a very important one today. He further added that the partnership shows AC Milan’s huge interest in modernization and innovation.
The founder of Socios.com, Alexandre Dreyfus, also spoke highly of the partnership. He said that he is “delighted to welcome AC Milan and their 450 million fans from across the world to Socios.com.” In his own words, this is a great way to start the year.
Socios.com and the Sport Industry
Blockchain platform Socios.com is well known for bringing blockchain technology to the sporting sphere. The blockchain platform is well known for its strategic partnerships with other sporting platforms across the globe.
It recently partnered with the PFL (Professional Fighters League) to create a fan token. Other sport-based Socios.com partners include FC Barcelona, Juventus, Galatasaray, Paris Saint-Germain, etc. Interestingly, the platform revealed plans back in August 2020 to launch four Fan Token Offerings (FTOs)
Chiliz (CHZ) Price
At the time of publication, Chiliz price was up 8.4% and was trading at $0.02175109. The token also had a market cap of $116,498,922 and a 24-hour trading volume of $76,873,662.
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Featured image courtesy of AC Milan.