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The Guardian - UK
The Guardian - UK
Technology
Rob Davies

Dangerous game? Football clubs look to mine fans’ cash with crypto offerings

FC Barcelona Kieran Maguire Watford
Barcelona fans wave flags
FC Barcelona has 3.5m fan tokens in circulation. Photograph: Laurence Griffiths/Getty Images

When FC Barcelona took to the pitch for the 2021 Spanish Super Cup final, the trophy wasn’t the only prize at stake.

Thousands of blaugrana fans were also keeping an eye on the market for FCB’s “fan token”, the club’s very own cryptocurrency. Socios, the web-based platform that pioneered fan tokens, had promised to “burn” 20,000 tokens for every goal Barcelona scored – and 40,000 if they lifted the cup.

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