Marseille launches fan token with Chiliz as sector sits far below 2021 peak
- —Fan-token market cap is about $144 million, down from $430 million in March 2022
- —Monthly trading volume peaked at $9.43 billion in May 2021
- —PSG's fan token trades 99.2% below its April 2021 high of $58.79
- —Chiliz has more than 60 partners, including Manchester City, Barcelona and Juventus
Why it matters: The deal shows clubs keep issuing fan tokens even as the sector trades roughly 99% below its 2021 peak.
Source: Cryptoast