Argentina, a prominent contender for the FIFA World Cup, had to face an embarrassing defeat against Saudi Arabia
The price of ARG fell from $7.2 to $4.96 right after Argentina vs. Saudi Arabia match ended
The future of fan tokens is surely going to be grand as the fans are willing to pay for becoming part of exclusive fandom communities.
The globe but one of the initial matches has been an ultimate shocker for Argentina fans.
Argentina, a prominent contender for the FIFA World Cup, had to face an embarrassing defeat against Saudi Arabia. However, the direct impact of these results was observed in the prices of the Argentine Football Association’s (ARG) crypto token.
The price of ARG fell from $7.2 to $4.96 right after Argentina vs. Saudi Arabia match ended. Fans started selling their tokens in between the match and the selling rally continued for a few more hours.
What are Fan Tokens?
Fan tokens are cryptographic tokens that are created to provide holders with special membership benefits. Fan tokens are a popular choice among teams, bands, celebrities, and exclusive groups. These tokens also give exclusive access to the holders in the decision-making processes of issuing group.
ARG is a crypto token that enables the fans of Argentina’s Football team to become exclusive members of the Argentine Football Association and vote for making their voices heard. Fans can participate in the decision-making process of the Football club and vote as per their choice. The decisions such as choosing a song for celebrating the victories, choosing the brand ambassadors for marketing campaigns, and others can be taken by creating a poll amongst the members.
Future of Fan Tokens
The future of fan tokens is surely going to be grand as the fans are willing to pay for becoming part of exclusive fandom communities. The wins and losses of sports teams might inflate the prices of tokens and create a market with substantial market capitalization. The value proposition is that fan tokens are similar to the NFTs and they might end up being the exclusive currency for NFT trade.
The price of ARG has shown some recovery in the last 24 hours and presently hovering around $5.5. As the FIFA World Cup will proceed, the popularity of these tokens along with their prices is going to increase.
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