Manchester City has become the latest Premier League Club to join on the growing NFT mania and has partnered with the fan token platform socios.com. The partnership would see Socios platform develop an exclusive fan token for the football club which can be traded against the native token Chiliz ($CHZ). The recent partnership with another leading football club along with growing NFT mania can help $CHZ retest its previous ATH of $0.89.
Manchester City joined the likes of FC Barcelona, Juventus, Paris Saint-Germain, and many other elite football clubs who have partnered with NFT Fan Token Platform Socios. These fan tokens are later bought by users and other advertisement platforms. The Fan tokens can be openly traded and can also be used for voting on the important club decision.
In retrospect it was inevitable.
— Chiliz ($CHZ) (@Chiliz) March 19, 2021
Many top league football clubs are actively looking for better fan engagement especially during these times when even outdoor games in several countries are being played in empty stadiums. Thus NFT and fan tokens have gained a lot of traction from not just football clubs but many basketballs and rugby leagues as well.
Chiliz Eyes $1 as NFT Frenzy Continues
Chiliz token’s popularity and the price have soared to new highs in the wake of NFT mania, and chances are it might touch the $1 mark. $CHZ was trading at $0.685 with a 10% rise in the past 24 hours. The price of the NFT platform’s native token started scoring towards the end of February and peaked in the second week of March before registering a correction to $0.55.
The popularity of NFTs has propelled many similar native tokens of NFT platforms to new highs where the likes of Einjin have grown by 9X in the past month. Many believed that the use case would gain more traction in the coming times as the popularity of cryptocurrencies has risen significantly.