Socios.com is a blockchain-based platform for sports and entertainment organizations to monetize their fan bases. The platform allows users to pay cryptocurrency to participate in polls related to sports teams. The platform is operated by the Mediarex company which was founded in 2018 and is headquartered in
Malta
Malta, officially the Republic of Malta, is an island country in Southern Europe located in the Mediterranean Sea, between Sicily and North Africa. It consists of an archipelago south of Italy, east of Tunisia, and north of Libya. The two ...
. Mediarex also operates the related
Chiliz
Chiliz is a blockchain platform developed by Maltese-based sports company Mediarex. The Chiliz blockchain powers the Socios.com platform, which offers "fan tokens" to users, enabling them to participate in polls hosted by the clubs, or receive re ...
blockchain platform.
History
Socios.com was founded in 2018 by Alexandre Dreyfus. The company's goal was to create a blockchain-based platform that would allow sports and entertainment organizations to monetize their fan bases. The company raised $66 million in a private token sale in 2019.
Products and Services
Socios.com's main product is the Socios.com app, which allows users to buy, trade, and execute voting rights for sports teams. The app also allows users to potentially earn cryptocurrency rewards.
Socios' cryptocurrency tokens have fluctuated in value during high-profile sports events, such as the 2022 World Cup, reflecting a pattern of speculative investment.
Partnerships
Socios.com has partnerships with sports and entertainment organizations such as
FC Barcelona
Futbol Club Barcelona (), commonly known as FC Barcelona and colloquially as Barça (), is a professional Football club (association football), football club based in Barcelona, Catalonia, Spain, that competes in La Liga, the top flight of ...
,
Paris Saint-Germain F.C.
Paris Saint-Germain Football Club, commonly referred to as Paris Saint-Germain () or simply PSG, is a French professional football club based in Paris. They compete in Ligue 1, the top division of French football. With 52 major trophies ...
,
Juventus FC
Juventus Football Club (; from , ), commonly known as Juventus or colloquially as Juve (), is an Italian professional Association football, football List of football clubs in Italy, club based in Turin, Piedmont, who compete in Serie A, the ...
, and the
UFC
The Ultimate Fighting Championship (UFC) is an American mixed martial arts (MMA) promotion company based in Las Vegas, Nevada. It is owned and operated by TKO Group Holdings, a majority owned subsidiary of Endeavor Group Holdings. The larg ...
.
The company has sponsored the
Ballon d'Or
The Ballon d'Or (; ) is an annual association football, football award presented by French magazine ''France Football'' since 1956 Ballon d'Or, 1956 to honour the player deemed to have performed the best over the previous season.
Conceived ...
since 2021.
References
{{Reflist
External links
Socios.com
Blockchain entities