Valencia CF to become first Spanish football club to implement in-game NFTs
Valencia CF will become the first Spanish football club to implement in-game NFTs on Socios.com’s fan engagement and rewards app, in partnership with Chiliz, a leading blockchain provider for the sports and entertainment industry.
The launch is slated for Sunday, when 100 limited-edition NFTs will be minted in tribute to one of Valencia CF’s memorable moments during their La Liga fixture with AtlÃ©tico de Madrid.
In addition to six La Liga championships, Valencia have won eight Copa del Rey championships, a Spanish Super Cup and an Eva Duarte Cup and are the fourth most supported club in the country, behind Real Madrid, Barcelona and the ‘AtlÃ©tico Madrid.
Those who hold at least $ 10 VCF Fan Tokens and can predict the outcome of the game on Socios.com’s Predictor feature will receive the NFTs.
Socios.com will be launching the same type of launches with other partner clubs in the coming weeks, increasing the chances of Fan Token holders being rewarded through the app and fully integrating NFTs as a Socios.com feature.
Any Ethereum-based NFT market will be able to trade NFTs issued by Socios.com.
In addition, these NFTs will serve as loyalty tools for fan token holders, while also becoming collectable and redeemable items. Members of certain clubs will be able to access âmoney does not buy experiencesâ and other discounts in the future.
In total, 1.3 million fans from 167 nations use Socios.com to interact with and be rewarded by their favorite teams. In addition to over 100 major sports organizations from over 20 countries, Socios.com has partnerships with FC Barcelona, ââJuventus, Paris Saint-Germain, Inter Milan, AtlÃ©tico Madrid, Manchester City, Arsenal and the national teams of Argentina and Portugal.
The Socios.com network announced on Tuesday that Napoli is the new member. Socios.com’s roster also includes UFC, NBA, NHL, esport and cricket, as well as big names in F1 and NBA.
“We are very happy to launch ChiliZ and Socios.com”, said Alexander Dreyfus, CEO of Chiliz and Socios.com. “I hope the Valencia CF NFTs are also a huge success, and this launch will make the $ VCF Fan Token more valuable, in addition to bringing more Valencia CF fans to our fan engagement ecosystem.”
Sports fans are demanding new tools and opportunities to engage with their teams in innovative and creative ways, and last week’s experience with AC Milan was a great success.