On-chain analyst Lookonchain released a list of 15 fan tokens associated with the countries that are participating in the World Cup. As per the details from the tweet, six countries currently have fan tokens. These include Argentina, Brazil, Portugal, France, Spain, and England.
2/Here are 15 football fan tokens associated with countries participating in the #WorldCup.6 countries have fan tokens: Brazil, Portugal, France, Argentina, Spain and England.Before/after the match, you can go to #Binance, #Chiliz, etc. to buy/sell related fan tokens. pic.twitter.com/coqQUUYm5R
— Lookonchain (@lookonchain) November 24, 2022
Lookonchain mentioned that users can buy or sell these fan tokens before or after the match from exchanges including, Binance, Chiliz, Gate.io, etc. The tweet was a result of an analysis that revealed that the conclusion of the match caused a movement in the price of these fan tokens.
As per the analysis, after losing the match with Saudi Arabia, the Argentine Football Association fan token shed its value by almost 30%. The token went from $7.47 to $5.26. This resulted in the conclusion that the winning and losing of a match will affect the price of the associated tokens.
A comparison of the values of the fan tokens reveals that each Santos FC fan token trades at $7.44 with a market cap of over $33 million. The Santos FC fan token is associated with Brazil. The Portugal fan token is just behind in terms of market cap, followed by the French fan token.
The World Cup 2022 has a great connection with crypto in general. Crypto.com is the official sponsor of the FIFA World Cup. This collaboration strengthens the relationship between sports and crypto in general. The World Cup is slated to happen until December 18. The collaboration is also likely to gain wide exposure for the exchange.