Socios.com and Chiliz Gets Argentina’s Football Approval Until 2026, CHZ Price Up 6%
- Reportedly, AFA and Socios.com will work together to enhance fan engagement opportunities linked to the FIFA World Cup in 2022, the Copa América in 2024, and the FIFA World Cup in 2026.
- Claudio Tapia, President of AFA, said the association must increase its online digital income.
- The Chiliz (CHZ) network has risen in ranking in the past few months, currently at position 50 by market capitalization.
The Argentine Football Association (AFA) has confirmed that Socios.com will continue as the exclusive provider of the official $ARG Fan Token until at least 2026. According to the announcement, the Argentine Football Association will expand its collaboration with Socios.com through the Web3 industry.
Reportedly, the Argentine Football Association intends to build a GamiFi project on the Chiliz blockchain to reward its fans from all over the world. Following the announcement, CHZ’s price has recorded a bump in the past few days.
According to our market data, CHZ‘s price is trading around $0.22, up over 5 percent in the past 24 hours. Additionally, the coin has gained approximately 62 percent in the past 30 days, despite remaining 42 percent down from its all-time high.
Nonetheless, the Chiliz (CHZ) network has risen in ranking in the past few months, currently at position 50 by market capitalization. Notably, the CHZ coin has a market capitalization of approximately $1,184,466,366, with a reported daily volume of $316 million.
Socios.Com and Argentine Market
Reportedly AFA and Socios.com will work together to enhance fan engagement opportunities linked to the FIFA World Cup in 2022, the Copa América in 2024, and the FIFA World Cup in 2026.
Argentina and Socios.com have a long-standing relationship. Remember, Argentina’s Lionel Messi is a Global Ambassador for Socios.com under a $20 million three-year deal.
Alexandre Dreyfus, CEO of Chiliz and Socios.com, said:
“As strategic partners, we’ll work continuously with AFA to create new ways for fans to engage and be rewarded through $ARG Fan Tokens. We’re excited by all the possibilities on the horizon, starting with this year’s FIFA World Cup, and look forward to building a vibrant, connected community for all Argentina fans on Socios.com.”
On the other hand, Claudio Tapia, President of AFA, said the association must increase its online digital income. Moreover, the fan tokens can be easily accessed from all over the world.
“In this important year for AFA, we want to strengthen all our projects and increase the presence of our brand in all markets. Through this agreement we can work and grow in these aspects together with Socios.com,” Tapia noted.
Football in Argentina has been a major sporting industry for many years. Moreover, Argentina’s men’s football league is ranked among the top 10 in the world.
Thereby giving Socios.com and Chiliz a high profile among their competitors. Furthermore, the fan tokens industry has recorded a major influx of both institutional and retail investors.
According to onchain data provided by etherscan, the CHZ coin has 148,509 global holders who have made over 1.1 million transfers. Notably, Binance is one the largest holder of CHZ coin.
Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”
