What are fan tokens, and how do they work?

What are fan tokens, and how do they work?

Fan tokens work by allowing fans to buy ownership in a specific asset or experience related to a sports team, celebrity or artist and giving them access to exclusive content and benefits.

Teams looking to launch fan tokens collaborate with blockchain-based platforms, like Socios, to mint the tokens on a blockchain. A fan token offering (FTO) is scheduled where fans can buy the tokens for a flat price. Post-FTO, the value of fan tokens could rise or fall, depending on team performance, use cases, demand, project execution and similar other parameters.

Barcelona, Manchester City, Juventus and Paris-Saint Germain have also launched their fan tokens. Additionally, the KPOP Fan Token (KPOP) is a utility token that provides K-pop fans with a tokenized share of influence on

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