I agree with Raoul Pal. Community tokens will be HUGE, and it’s pretty much untapped at the moment. CHZ ($1.5B mkt cap) leads the way at #62 on the crypto rankings. Social tokens will be the future of digital communities. Eventually all sports teams will be tokenized, and so will other types of entertainment communities. Currently, FC Barcelona has the most valuable fan token on the CHZ platform at $51 million, #458 on the crypto rankings, but I bet NFL teams will catch up.
https://www.chiliz.com/en/what-is-a-...-do-they-work/
What is a fan token and how do they work?
chiliZ ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the chiliZ and Socios.com platform. In launching our platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, our (yet-to-be-announced) club partners host what we have termed a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.
Ownerships offers fans the ability to participate in fan-led decisions through a mobile voting platform, as well as serving as a ticket into a secure, exclusive inner circle of fans, with shared passions and beliefs. The more tokens a fan holds, and they more they vote, the higher the clout rating of that fan, moving them upwards through different reward tiers until they have access to the biggest VIP benefits that are on offer.
Football clubs intend to use Socios.com as part of their fan engagement strategy to continue to build their global fan bases, particularly in Asia, where the football fan community is experiencing exceptional growth. Socios.com connects the clubs to their fan bases, securing additional revenue streams that are digital, secure, transparent and entirely connected to the real fan experience.