NewsletterBreaking: Lionel Messi’s PSG Signing Deal Includes Crypto NFT Payments
Lionel Messi, the legendary footballer, and six times Ballon d’Or winner made a historical club transfer from Barcelona FC to Paris Saint-Germain F.C after 26 years. The reported value of the two-year contract between Messi and PSG is $41 million annual salaries with bonuses, however, a recent insider scoop from a Bloomberg journalist suggests the football legend might receive crypto fan tokens or NFTs as part of his payment.
LIONEL MESSI'S PARIS ST GERMAIN FINANCIAL PACKAGE INCLUDES PAYMENT IN CRYPTO CURRENCY FAN TOKEN – SOURCE
— *Walter Bloomberg (@DeItaone) August 12, 2021
Messi’s transfer to PSG came as a big shock and heartbreak for Barca fans, especially after mentioning that he wanted to stay at the club. The transfer was nothing short of controversial as reports indicate the move was initiated after the club couldn’t agree to a contract renewal deal due to its debt.
The revelation about crypto fan token only strengthens the hype around NFT tokens. Non-Fungible tokens or NFTs were first launched in 2018 and until 2021 it was primarily used as fan tokens by premier sports clubs including PSG.
PSG Fan token is currently trading at $40.45 but might see a bullish burst in the wake of the news.
The price of the crypto fan token more than doubled in the wake of Messi’s signing and reached an ATH of $61.63 on August 10, a day after Messi’s move to PSG was confirmed. PSG is a utility token on the Chillz chain.
That's $PSG crypto coin, more than doubled since Messi was linked to the club!!! pic.twitter.com/MZmJOJpPvd
— Horcrux (@BlaugranaFC26) August 9, 2021
Will NFT Fan Tokens See Another Bullish Rally?
This bull run has seen a series of price rises among different classes of cryptocurrencies. First Bitcoin rose at the start of the year, then utility tokens, following which NFT tokens such as Chillz rose to their new ATHs and the cycle continued. As the crypto market recovers from the two-month-long bearish phase and both Bitcoin and altcoins start the second leg of this bull run.
The second leg could trigger a similar bullish price cycle again including for NFT fan tokens. Given the intensity of Messi’s transfer news, it could act as a potential trigger for a fan token rally.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor Teases New Bitcoin Buy As ‘Orange Dots’ Return
- December Recovery Ahead? Coinbase Outlines Why Crypto Market May Rebound
- Peter Brandt Hints at Further Downside for Bitcoin After Brief Rebound
- $1.3T BPCE To Roll Out Bitcoin, Ethereum and Solana Trading For Clients
- Why is the LUNC Price Up 70% Despite the Crypto Market’s Decline?
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
