Soccer Star Messi Embraces Crypto In Move To Paris Saint-Germain

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I am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter @theroberthart or email me at rhart@forbes.com

Lionel Messi has made a deal to move to Paris Saint-Germain from FC Barcelona.Messi’s signing on package included a payment of “$PSG Fan Tokens,” the club said in a statement Thursday, a “world first for such a high-profile signing.”

The club did not disclose the value of the tokens—it has also not disclosed details of Messi’s overall compensation—but said he had received a “large number” of tokens.of cryptocurrency that give the holders access to certain benefits like voting on club decisions and rewards. The value of PGS’s token, which was launched in 2020 and has a market capitalization of around $52 million,Marc Armstrong, Paris Saint-Germain’s chief partnership’s officer, said embracing fan tokens “has proved a massive success for the Club” and has allowed it “to engage with a new global audience, creating a significant digital revenue stream.”Messi is widely considered one of soccer’s best active players and one of the sporting world’s most bankable stars.

 

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