Socios.com
Blockchain-based fan engagement platform
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. Mediarex also operates the related Chiliz blockchain platform.
01History
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.
02Products 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.
03Partnerships
Socios.com has partnerships with sports and entertainment organizations such as FC Barcelona, Paris Saint-Germain F.C., Juventus FC, and the UFC.
The company has sponsored the Ballon d'Or since 2021.
Sources and credits
This article is adapted from the Wikipedia article “Socios.com”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
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