Cristiano Ronaldo grew to become the primary soccer participant to be rewarded for his profession achievements in cryptocurrency, after the Juventus F.C. star obtained 770 JUV tokens — one for every senior profession purpose scored, as reported by Spanish outlet Marca.
JUV is the official Juventus fan token, launched in 2019 by the Italian soccer membership on the Chiliz (CHZ) blockchain, along with the Socios.com platform. Fan tokens give membership supporters the prospect to vote on membership choices, whereas giving them entry to varied perks, competitions and prizes.
The bounty of 770 JUV tokens — awarded to Ronaldo previous to Sunday’s league match towards Benevento — is price round $11,750 based mostly on the present token worth of $15.26. The JUV token was initially priced at $2 upon launch.
Whereas the previous Manchester United and Actual Madrid star most likely gained’t want the funds any time quickly, the event signifies the primary time cryptocurrency has been awarded to a soccer participant as a prize for profession achievements. The rising connection between sports activities and cryptocurrency has seen a number of golf equipment flirt with the notion of paying gamers both wholly, or partly, in cryptocurrency for a while now.
Dozens of soccer groups have issued fan tokens on the Chiliz blockchain since its inception, together with a few of the largest groups from the most important leagues on this planet, reminiscent of Manchester City, F.C. Barcelona, and Paris St. Germain.
The worth of Chiliz native token, CHZ, has responded to the flurry of exercise initiated by varied soccer groups in latest occasions. Since Jan.1 alone, the dollar-value of CHZ rose over 2,500%, whereas its market cap shot from $100 million to $4.5 billion, earlier than falling again to the $3.2 billion vary.
Given Barcelona’s personal issuance of a fan token (BAR), might Cristiano Ronaldo’s long-time rival Lionel Messi be in line for his personal crypto rewards any time quickly? The Argentine famous person has already scored 734 senior objectives to Ronaldo’s 770, whereas nonetheless being two years youthful.