Ligue 1 Mammoth Paris Saint Germain (PSG) To Enter Metaverse and NFT Space

• Top-Tiered European club and 9 times Ligue 1 champion, Paris Saint-Germain F.C. have forward marched towards the metaverse.
• Ligue 1 club has filed a sequence of trademark applications to enlist its name for providing diverse services involving memorabilia, software, and NFT associated articles for authentication methods.
• Paris Saint Germain (PSG) is among the most beloved football clubs, having featured players like Zlatan Ibrahimovic, Lionel Messi, Neymar Jr. to name a few.

PSG To Enter Metaverse Half

PSG (Paris Saint-Germain), a top football club in French Ligue 1, with a massive fan following all across Europe, have shown its interest to enter digital space, and currently are securing names to be utilized in these environments.

PSG filed a series of trademark applications which plans to establish a brand on a variety of digital memorabilia as well as trading cards, everything authenticated through NFTs. Additionally, Paris Saint-Germain also involved digital asset wallet software in this application.

A patent attorney, Michael Kondoudis who shared this news on Twitter stated that this filing shows that the next rational move will be to prevent this brand as it marks its presence in the metaverse.

It is clear now, PSG is well aware of potential Metaverse holds, and is bracing for its trademark for digital economy which will create dominance over it.

ALSO READ – Garry Kasparov believes that crypto means freedom

Football Clubs Seeks New Horizons

Paris Saint-Germain is not the initial European football club to identify how vital metaverse is, as an alternative to extend its reach and to attain new heights in business.

Another Top football club, La Liga Santander’s FC Barcelona is also bracing itself to make their move into NFT products and metaverse. This is a trend which a number of sports organizations are going after because of business opportunities it holds within its components.

Kondoudis, who is tracing these trademarking moves, also believes that this trend is going to inflate shortly.

He said that anticipation of a number of trademark filings from the professional sports industry for digital products as well as NFTs and services to escalate over the upcoming year, as brands are recognizing requirements for protections in  metaverse.

As this article was being written, PSG’s fan token was trading at a market value of $13.35, bullish by 2.62% in the previous 24 hours.

Paris Saint-Germain also released its Fan Token back in 2020, and strategizes to utilize cryptocurrency to pay for an element of contract of GOAT Lionel Messi, whom the club signed from FC Barcelona during August 2021.

Premier League Clubs Also In NFT Race

Recently, as per some news sources all 20 EPL (English Premier League) clubs were all set to release a range of NFTs next year.

As per a new agency, all EPL clubs debated regarding trading rights of NFTs during a shareholders meet in spite of formerly being cautious with monetary threats associated with it.

We are seeing a large crowdbase of prominent entities in various sectors who are entering this digital space, which specifically suggests how important this sector is.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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