Socios, a top token issuing platform for blockchain followers on the market place, is partnering with 13 American Football League (NFL) teams.
Teams participating in association with Socios contain Atlanta Falcons, Baltimore Ravens, Chicago Bears, Cleveland Browns, Los Angeles Chargers, Los Angeles Rams, Miami Dolphins, New York Giants, Philadelphia Eagles, Pittsburgh Steelers, San Francisco 49ers, Tampa Bay Buccaneers and Commanders of Washington.
This partnership aims to investigate the prospects of launching tokens for followers and bettering cryptocurrency-relevant trading for the NFL variety, which has not been universally available to the business.
– Socios.com (@socios) April 13, 2022
Basically, Socios’ latest fan token model appeared in the globe of football, when the enterprise signed an agreement with the European Football Association (UEFA) final February. In addition to that, the platform also holds lots of contracts with some of the largest clubs in the sport, which include Barcelona, Arsenal, Manchester United and Paris St. Germain.
Unlike Europe, Socios token product sales in the US have nonetheless to materialize, largely due to regulatory problems. Specifically, it only revolves all around “cross-platform marketing deals like stadium advertising and fan experiences.” Alexandre Dreyfus, CEO of Socios, explained:
“Regulation is not a concern, it is an educational system. In most nations of the globe, you have a clear legal framework, but in the United States this stays unsolved. Most organizations are striving to figure out the finest path to in fact launch a item, and in our situation that is what we’re carrying out with lots of teams in the league. “
The NFL in unique has some of the much more puzzling principles on cryptocurrencies. The federation announced a short-term ban on all crypto and NFT transactions final September, but relaxed its policy in March to contain sponsorship transactions, but not promoting for distinct coins.
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