Lionel Messi’s crypto sponsor Socios offering token holders chance to snag game balls

Quick Take

  • Socios is offering token holders the chance to win balls used to score goals in the upcoming Italian Super Cup featuring AC Milan and Inter.
  • The promotion represents another avenue famous sports and entertainment brands are trying to engage with fans and monetize their loyalty using digital assets.

Socios, the company with World Cup-winner Lionel Messi as its global ambassador, is trying to score with fans by offering them a chance to win balls used to score goals. But you'll have to pay to play.

The company announced that fans who own enough tokens purchased through Socios will have the chance to win a “game-used” ball from Wednesday’s upcoming Italian Super Cup between AC Milan and Inter. To be eligible, users have to possess both enough of the requisite number of either teams’ fan token plus Socios tokens. If eligible, fans will then compete in an auction.

Major brands across entertainment and sports are ramping up efforts to engage with fans through digital assets as volumes for famous and artistic non-fungible token (NFTs) collections have dropped dramatically over the last several months. NFTs are viewed as a way to spur engagement by providing incentive for fans to acquire tokens that hold the potential for perks like access to special events, exclusive content or merchandise.

Last week, Warner Bros. Discovery dropped a “Game of Thrones” NFT collection that sold out in seven hours. Former U.S. President Donald Trump’s digital trading card drop gave collectors a chance to win a dinner or Zoom call with the politician and entrepreneur.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Socios said in a statement that after a ball has been used to score a goal during the AC Milan-Inter match, it “will be collected by match officials” and fitted with a chip that will act “as a certificate of authenticity.” The company also said that whoever wins the ball will have their ownership authenticated with the chip to help to avoid the threat of counterfeiting.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.

Editor

To contact the editors of this story:
Christiana Loureiro at
[email protected]
Nathan Crooks at
[email protected]