Tottenham Hotspur, a prominent English Premier League club, has taken a significant step into the realm of blockchain and fan interaction with the launch of their dedicated fan token, $SPURS, on the Chiliz Blockchain.
The North London-based team, Spurs, will be issuing their fan token, $SPURS, through Socios.com, a fan engagement platform built on the Chiliz blockchain. Chiliz, distinguished by its robust security measures and scalability, supporting over two million user wallets and accommodating a daily user volume exceeding 60,000, is a blockchain platform that has facilitated the management of more than $400 million in revenue for various sports teams and leagues since 2018.
Socios.com has attracted numerous major sporting teams worldwide, enabling them to issue and manage fan tokens, digital collectibles, and real-world rewards. Fans can participate in decentralized autonomous organization (DAO)-like decisions related to their favorite teams.
This move aligns Tottenham Hotspur with other prominent football clubs like Manchester City, Arsenal, Barcelona, Paris Saint-Germain, Juventus, Inter Milan, AC Milan, Atlético Madrid, and A.S. Roma, which have adopted blockchain technology to enhance fan engagement.
$SPURS token holders will have the opportunity to participate in on-chain voting on various team-related matters, including potential kit changes. Additionally, Tottenham Hotspur will collaborate with MatchWornShirt, a platform that facilitates auctions of jerseys worn by players during matches and authenticates them on the Chiliz blockchain.
According to Chiliz press release, the $SPURS Fan Token will be integrated into the Club's membership scheme. One Hotspur+ Members and Season Ticket Holders who are aged 18 and overRead more on cryptonews.com