Thursday, June 8, 2023
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home News Sports

Messi’s Welcome Package Includes Cryptocurrency, ‘$PSG Fan Tokens’ – PSG

August 12, 2021
in Sports, News
Reading Time: 2 mins read
0
A A
0
Messi's Welcome Package Includes Cryptocurrency, '$PSG Fan Tokens' - PSG
Share on FacebookShare on Twitter

Lionel Messi’s financial package at French soccer club Paris Saint-Germain (PSG) includes crypto tokens.

Recall that Messi left Barcelona after 21 years at the club last week, as the club could not afford to finalise the five-year contract they had agreed with the 34-year-old.

Following this, Messi joined PSG on a two-year deal on Tuesday that will net him an annual salary of $41 million plus bonuses, and a reported $30 million signing-on fee.

In addition to that, PSG on Thursday said that Messi’s “welcome package” includes the cryptocurrency “$PSG Fan Tokens.”

The development has triggered a rally in the crypto tokens that PSG first issued to its fans over a year ago.

The $PSG token, created in January 2020 with crypto platform Socios.com, was designed to help PSG build a new fan community.

PSG claimed the move to pay the 34-year-old Argentine in crypto positions it as one of the “most innovative and avant-garde brands in sport globally.”

Marc Armstrong, chief partnerships officer of PSG, said in a statement that embracing Socios.com and $PSG Fan Tokens has enabled the club to engage with a new global audience and create a significant digital revenue stream.

England’s Manchester City launched its own fan token in March using the same technology.

“Fan Tokens and Socios.com play an increasingly prominent role across sport at the very highest level,” said Alexandre Dreyfus, CEO of Socios.com, in a statement.

PSG President Nasser Al-Khelaifi told reporters on Wednesday that the world will be “shocked” by the financial revenues generated by the club’s signing of the global soccer superstar.

The signing is expected to bring a windfall of commercial revenues, through such avenues as jersey sales. When Cristiano Ronaldo signed for Italian giants Juventus in 2018, more than $60 million worth of his shirts were sold in just 24 hours.

CNCB

Read Also: Messi Reveals Reason He Joined PSG

Tags: $PSG Fan TokenCryptocurrencyLionel MessiMessiPSGWelcome package
ShareTweetSend
Previous Post

JUST IN: Nigerians to Start Paying ‘N200 for cars, N500 for trucks’ at Tollgates

Next Post

Assault on Nigerian Diplomat: Indonesia Tenders Formal Apology

Related Posts

News

World Bank: Nigeria’s economy growing too slow to reduce extreme poverty

June 6, 2023
3
News

List of New Speakers in State Assembly Houses

June 6, 2023
2
Crime

Sex: Pastor sentenced to death for killing impregnated choir mistress, two others

June 6, 2023
109
News

Breaking: Petrol subsidy scrapped: FG gets court ruling to end planned strike

June 5, 2023
1
Business & Economy

Foreign trade: Nigeria bounces back to surplus of N927bn in Q1’23

June 5, 2023
76
Economy

Mitigating Unemployment and Labour Migration in Nigeria

June 5, 2023
5
Next Post
Assault on Nigerian Diplomat: Indonesia Tenders Formal Apology

Assault on Nigerian Diplomat: Indonesia Tenders Formal Apology

Apostle Suleman's Lawyer Clarifies Reason for YouTuber's Arrest

Apostle Suleman's Lawyer Clarifies Reason for YouTuber's Arrest

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (446)
  • Capacity Building (25)
  • CDAs (2)
  • Community Champions (1)
  • Crime (200)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (325)
  • Education (193)
  • Entertainment (405)
  • Faith (55)
  • Finance (343)
  • Global (103)
  • Guest Columnists (17)
  • Health (59)
  • Health (245)
  • Industry (151)
  • LGAs (1)
  • Lifestyle (100)
  • MGDs (10)
  • News (2,332)
  • Politics (391)
  • Projects (2)
  • Relationships (70)
  • Security (165)
  • SMEs (15)
  • SPECIALS (89)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (27)
  • Uncategorized (75)
  • Your Community (33)
  • Youthprenuers (15)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam