{"id":26584,"date":"2024-02-22T16:49:12","date_gmt":"2024-02-22T16:49:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/psg-becomes-first-football-club-blockchain-validator\/"},"modified":"2024-02-22T16:49:12","modified_gmt":"2024-02-22T16:49:12","slug":"psg-becomes-first-football-club-blockchain-validator","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/psg-becomes-first-football-club-blockchain-validator\/","title":{"rendered":"PSG becomes first football club blockchain validator"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/psg-stadium-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/psg-stadium-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/psg-stadium-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/psg-stadium-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">French footballing giant Paris Saint-Germain has become a validator on the Chiliz blockchain.<\/span><\/li>\n<li><span style=\"font-weight: 400\">PSG is now the first football club to run a validator for a cryptocurrency network.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The $PSG Fan Token jumped following the news, with the club set to reinvest the earned rewards in a buyback program.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Paris Saint-Germain is now an official network validator for the <a href=\"https:\/\/coinjournal.net\/chiliz\/\">Chiliz Chain blockchain<\/a>, a role that makes the French giant the first football club to actively participate in the running of a blockchain network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">PSG takes up the role as part of its partnership with the Socio.com platform, the Chiliz team <a href=\"https:\/\/chiliz.medium.com\/paris-saint-germain-takes-landmark-step-forward-in-its-web3-strategy-by-becoming-official-validator-0cf525769576\" target=\"_blank\" rel=\"noopener\">announced<\/a> on Thursday. This comes as Chiliz Chain unveils its revamped tokenomics model, with new staking rewards paid in the native $CHZ token.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cBy becoming a validator on the Chiliz Chain, we\u2019re not just embracing the future of web3 sports; we\u2019re actively designing it so that we can have a more direct relationship with our fans through Web3 experiences,\u201d P\u00e4r Helgosson, head of Web3 at Paris Saint-Germain, noted.<\/span><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">PSG to initiate token buyback<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Per today\u2019s announcement, PSG will use 100% of the funds accrued from its validator reward to buy back its fan token. The club will execute its buyback program via smart contracts, with the reinvesting meant to help refresh the $PSG token\u2019s reserves.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other than becoming a blockchain validator, PSG will collaborate with Chiliz as a co-host of a hackathon club\u2019s stadium Parc Des Princes.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The $PSG Fan Token rose after the news, rising to highs of $3.88 on February 22. Meanwhile, the Chiliz ($CHZ) token also experienced an upswing, jumping to a nine-month high above $0.13. At the time of writing, $PSG traded around $3.68 while $CHZ changed hands above $0.12.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Ligue 1 leaders launched the club\u2019s Fan Token in September 2018.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/psg-becomes-first-football-club-blockchain-validator\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) French footballing giant Paris Saint-Germain has become a validator on the Chiliz blockchain. PSG is now the first football club to run a validator for a cryptocurrency network. The $PSG Fan Token jumped following the news, with the club set to reinvest the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26584"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26584"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26585"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}