Paris Saint-Germain Joins Chiliz Network as Blockchain Validator

Paris Saint-Germain (PSG) is pioneering blockchain technology by becoming the first major football club to validate transactions on the Chiliz blockchain. This innovative step is made possible through a strategic partnership with Socios.com, the official platform for the PSG Fan Token, and marks a significant leap into the $1 billion SportFi ecosystem powered by Chiliz.

Chiliz blockchain is at the forefront of the web3 revolution, having launched over 50 projects that demonstrate its capability as a leading platform for blockchain initiatives. PSG’s new role as a blockchain protocol validator not only deepens its involvement in the digital space but also showcases its commitment to enhancing the security, performance, and integrity of the Chiliz Chain.

Through active participation in the blockchain’s consensus mechanism, PSG is expanding its digital footprint beyond token issuance to a more engaged role within the web3 ecosystem. This move underscores the club’s dedication to digital innovation and fan engagement, leveraging blockchain technology to forge a stronger connection with its global fanbase.

Strengthening Digital Engagement and Economy

Under the guidance of Pär Helgosson, PSG’s head of web3, the club has been a frontrunner in digital transformation within European football. The PSG Fan Token initiative, aimed at boosting direct fan interaction and digital revenue streams, reflects the club’s forward-thinking approach to leveraging new technologies for fan engagement.

PSG’s commitment to the digital economy extends to utilizing all validator role-generated revenue for the buy-back of PSG Fan Tokens. This strategy aims to reinvest in the fan token supply, fostering a sustainable digital economy that benefits the club and its supporters.

Moreover, PSG and Chiliz are preparing to host a blockchain hackathon at the Parc Des Princes stadium by summer 2024. This event will unite developers from across the globe to innovate using web3, the Chiliz Chain, and PSG Fan Tokens, further cementing PSG’s position as a leader in digital sports innovation.