Italian football club AC Milan have teamed up with blockchain company Chiliz to issue tokens for fans.
The $ACM Fan Token (ACM) coins will appear on blockchain platform Socios.com in a few weeks. Owners of old Milan Devils tokens will be able to exchange them for new ones once ACM is released.
„This collaboration will allow us to engage with our 450 million fans worldwide, which is especially important in the face of the COVID-19 pandemic,“ said club manager Kasper Stilsvig.
ACM holders will be able to participate in exclusive club and sponsorship promotions and competitions as well as vote on at least one major club decision each season.
Chiliz has previously concluded similar partnerships with clubs PSG, Juventus, West Ham United, Atletico and Barcelona.