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Summary

Paris Saint-Germain (PSG) is enhancing its partnership with Socios.com and involvement in the Chiliz blockchain by becoming an official validator on the Chiliz Chain, marking a significant milestone in the acceptance of web3 in sports.

Introduction

Paris Saint-Germain, a renowned football club, is taking a step forward in the world of blockchain technology by actively participating in the Chiliz Chain as a validator. This collaboration demonstrates PSG’s commitment to embracing the next generation of digital experiences and products.

Main Points

Chiliz was chosen due to its superior infrastructure and large SportFi ecosystem, providing PSG with the opportunity to engage with crypto-native sports enthusiasts. The Chiliz Chain has already facilitated over 50 web3 projects, showcasing its robust infrastructure.

PSG’s role as a validator involves maintaining the network’s integrity and functionality, going beyond token issuance to actively participate and make decisions within the ecosystem.

PSG has redesigned its tokenomics model, introducing new community-based incentives and a buy-back mechanism that reinvests earnings back into the PSG Fan Token supply, creating a self-sustaining digital economy centered around Fan Tokens.

PSG and Chiliz are planning to host a blockchain hackathon at Parc Des Princes, demonstrating their commitment to innovation and leveraging web3 technology to connect with fans globally.

Conclusion

By becoming a validator on the Chiliz Chain, PSG is not only shaping the future of web3 sports but also strengthening its bond with fans through innovative experiences. This move signifies a significant shift towards a more empowered and sustainable web3 ecosystem, showcasing PSG’s dedication to fostering innovation and collaboration in the digital space.

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