fbpx
Cryptocurrencies Football News Football Sponsorships

Argentine Football Association expands Binance deal

Staff Staff

The Argentine Football Association (AFA) has expanded its partnership with blockchain and cryptocurrency platform Binance, which will see the latter serve as the Main Global Sponsor of the Argentina national teams.

The new five-year deal will see Binance also serve as the Official Fan Token of the AFA. The AFA will be launching its official fan token with help from Binance. It will be the only official fan token validated by the AFA.

Claudio Tapia, President of the AFA, commented:

We are very happy to strengthen our relationship with Binance through this important medium-term agreement, which allows us to project actions for five years, work on various projects and establish a work plan that will undoubtedly deliver great results for both parties.

‘For several years we have been significantly increasing AFA’s income and adding leading global brands in their fields. This agreement reinforces that strategy and adds an innovative multinational with a vision important for the future, in a new world like cryptocurrencies and fan tokens, where together we can grow and generate new sources of income for AFA and Pro League clubs. We welcome Binance to the AFA family.

Maximiliano Hinz, General Director of Binance for Latin America, said:

Sport is always a powerful means for people to connect with each other and with their passions and, in Argentina, soccer is especially relevant in that regard. 

The partnership with AFA will bring more technology and innovation to the sports industry in the country and its millions of fans and also expand crypto adoption for the benefit of users, the cryptocurrency and blockchain community, and society in general.

Leandro Petersen, Commercial and Marketing Manager of the AFA, added:

Soon we will launch the new AFA Fan Token and that will strengthen our bond with the fans of the National Team around the world, in a year as important as this one.

Argentine Football Association Binance
Share this article
Staff

Staff

Follow the author’s social media

Leave a Reply

The value is incorrect

The value is incorrect

The value is incorrect

Something went wrong. Please, try again later

Your comment has been sent!

Latest from

The 10 most expensive NFTs

The 10 most expensive sports NFTs of all time

Sports enthusiasts, get your digital wallets out if you’ve been on the internet recently. Today we’ll be discussing some of the most expensive sports NFTs in history. An NFT is a non-interchangeable unit of data stored on the blockchain but differs from a cryptocurrency, which is fungible and interchangeable. It is a form of digital ledger that can be sold and traded with a buyer. An NFT can be associated with a particular digital or physical asset including but not limited to, arts, songs, sports highlights and other types of digital files. It uses blockchain technology to provide verifiable proof of the item the NFT is associated with. However, just like purchasing a limited-edition signed and numbered print of a photograph does not transfer copyright ownership of the photograph to the purchaser, purchasing an NFT does not necessarily confer any of the intellectual property (i.e. copyright) in the subject matter of the NFT. The underlying intellectual property right may be transferred by a smart contract associated with the NFT, but caution should be exercised here to make sure that no conflict exists between what is in the smart contract and what is in the terms of the website or platform on which the NFT is created or purchased. So without any further ado, let’s dive into it and take a look at the 10 most expensive sports NFTs of all time.

What is an NFT? How do NFTs work? Is it worth the investment?

What is an NFT? How do NFTs work? Is it worth the investment?

In today’s fast-paced world where everything is getting digitised and mass marketing campaigns are a common trend, it is hard to read the newspaper, browse the internet, or watch TV without the words “blockchain”, “cryptocurrency” and “NFT” flashing in front of your eyes. I’d assume you’ve already seen multiple ads and TV commercials where famous athletes and actors would be telling you to buy cryptocurrencies or NFTs, or seen stories on the news about people buying crypto and NFTs for increasingly mind-blowing sums of money. Today, even most of our favourite brands and companies have NFT offerings to offer in exchange for exclusive benefits. But what do these terms mean, and how do these technologies work? The rate at which these technologies are evolving makes it almost impossible to predict how the state of the market will be next week or next month in comparison to today.

The 10 most expensive NFTs of all time

The 10 most expensive NFTs of all time

A lot has changed since the first NFT, Quantum, was minted in 2014. Projects like CryptoKitties, Rare Pepes and CryptoPunk have revolutionised the industry both creatively and financially. The minting...