Blockchain, sport and fan tokens

David Vidal-Tomás

MPRA Paper from University Library of Munich, Germany

Abstract: We examine a blockchain application in the sport industry through an analysis of Socios.com. In particular, we study the performance and dynamics of fan tokens and the exclusive on-platform currency, Chiliz. Our contribution to the literature is two-fold. First, we show that supporters do not lose money by supporting their sports teams through fan tokens and Chiliz, on average, and traders can outperform the market with Chiliz. Second, given the absence of a correlation with the cryptocurrency market, traders can use these assets to diversify their cryptocurrency portfolios, and supporters own tokens that are not driven by the cryptocurrency market.

Keywords: Chiliz; Fan token; Cryptocurrency; Sport; Diversification (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2022-01-02
New Economics Papers: this item is included in nep-pay and nep-spo
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https://mpra.ub.uni-muenchen.de/111350/1/MPRA_paper_111350.pdf original version (application/pdf)

Related works:
Journal Article: Blockchain, sport and fan tokens (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:111350

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