Top-flight French soccer club Paris Saint-Germain has become a validator on the Chiliz Chain, the blockchain underpinning sports fan token platform Socios. 

PSG has pledged to pour the revenue earned from validating the Chiliz Chain into fan token buybacks. The club’s announcement is the latest instance of international Web3 sports interest continuing apace even as US leagues and advertisers seemingly shrink back from crypto partnerships.

The Chiliz Chain is a layer-1 trying to become a blockchain of choice for brands like sports franchises. It’s a fork of the Binance Smart Chain and has a staking-based consensus mechanism built with its native CHZ token. The Socios app allows fans…

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