The salary of former Barcelona striker Lionel Messi in the French PSG includes payments in cryptocurrency (tokens). This was reported by Reuters, citing a source familiar with the terms of the contract.
It is noted that Messi has made cryptocurrency fan tokens part of the payment deal in his financial package.
Fan tokens are a type of cryptocurrency that fans can get by participating in surveys organized by the club. Tokens can be sold on exchanges or exchanged for exclusive rewards. Like other digital currencies have in common with other cryptocurrencies have a tendency to fluctuate sharply. PSG issued tokens in 2018 as part of a partnership with blockchain platform Socios, which also works with clubs such as Barcelona, Manchester City, Juventus, AC Milan and others.
Previously, PSG said that after reports of Messi’s move to the club, a huge number of fans were interested in his tokens.
“The hype surrounding the club’s recent signings in the summer transfer window caused a huge surge of interest in PSG fans’ tokens, with trading volume exceeding $1.2 billion in a few days,” the club said in a statement.
After the transfer of Messi, the value of PSG token increased by 137%: on August 5, it was trading at $22, and on August 9, its value exceeded $52.
- World soccer star Lionel Messi has moved to French club Paris Saint-Germain. The six-time Ballon d’Or winner, who has played for Barcelona his entire career, was forced to leave the
- Catalan club after failing to negotiate a contract extension. The Argentinian footballer signed a 2-year contract with the possibility of extending it for another year. Messi will play under the number 30 and receive, according to the French press, 35 million euros per season.
The clubs are considering tokens as a source of new income, and the website Socios.com, which provides tokens for PSG and other leading clubs, claims that the tokens have brought the clubs more than 200 million dollars in 2021. At the same time, PSG already profits from the agreement with Messi through the increase in the value of its tokens.
The PSG token, which has a market capitalization of nearly $52 million, flew 130% in just nine days on tales of Messi’s arrival to a record high of $58 on September 10. According to the CoinMarketCap website, now the price has fallen to 40 dollars.
PSG said that following the news that Messi was planning to join the club, the volume of trade in fan tokens exceeded 1.2 billion dollars in the days leading up to the arrival of the six-time Golden Ball winner at the club, according to the statement.
“We were able to engage with a new global audience by generating significant digital revenue streams,” said Mark Armstrong, PSG’s director of public relations.