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The New England Patriots Explore The Potential Of Fans Tokens Through Socios

Fan tokens have been an exciting addition to the crypto and blockchain space. While not everyone sees merit in supporting sports teams that way, The New England Patriots certainly do. A partnership with Socios will bring the first NFL fan token to this industry, but it will likely not be the last.

A New Era For The New England Patriots

  • Fan tokens are nothing new in the crypto and blockchain world.
  • Although their exact purpose remains limited, various soccer teams have a native token.
  • Traditionally, token holders can vote on decisions regarding their football club, even if it carries little weight.
  • However, fan tokens can enhance the overall experience as holders feel “more connected” to their team and the players.
  • One notably absent franchise from fan tokens is the NFL, despite the sport having millions of fans worldwide.
  • The New England Patriots may shake up that narrative following a partnership with Socios.
  • It is the first NFL deal with a fan token issuer.
  • Socios has partnered with 24 NBA teams, although U.S. securities laws remain tricky to navigate.
  • Through the Patriots Fan Predictions tokens, fans can earn rewards for answering game-related questions every week.
  • Those answers can be submitted via the Patriots.com website or mobile application.
  • No other specifics have been announced at this time, including a price for the token.
  • Socios has a direct partnership with Robert Kraft, owner of the New England Patriots and New England Revolution soccer team.
  • Through this deal, Socios has secured the first Major League Soccer Partnership. 
  • It is unclear if other NFL teams will pursue similar opportunities. 

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