Alex Dreyfus | Source | CEO at Chiliz
Alex Dreyfus
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Chiliz
CEO
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AC Milan crypto launch raises $6m as early trading volumes top $50m - Inside World Football
February 26 – Blockchain-driven Fan Tokens – football’s version of cryptocurrency – saw AC Milan the latest club to launch with their $ACM Fan Token debuting on Binance, the world’s biggest cryptocurrency exchange, and raising more than $6 million in new digital revenue in a matter of hours. Trading volumes of $50 million were seen in the opening 30 minutes. The $ACM Fan Token is on the Chiliz blockchain-based fan engagement platform Socios.com. Read more …
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The $ACM Binance listing provides more concrete evidence of the revenue generating potential of Fan Tokens. In just a few short hours the club generated revenues to help account for the millions lost due to the impact of the pandemic…The current Fan Token market cap stands at $194M, but I’m looking forward to watching this evolve into a $1 billion dollar ecosystem, where the world’s leading sporting and entertainment properties will have their proprietary digital assets listed on the biggest global exchange.
