The Professional Fighters League (PFL) $PFL Fan Token recorded a price increase of 15% in a day, with the token trading at a price of $0.22. The uptrend recorded by the Fan Token could be impacted by growth in the popularity of the sport.
The Professional Fighters League operates on a season structure whereby professional combatants challenge each other through the regular season, playoffs, and championship finals where the grand prize is a million dollars awarded to the overall winner.
Furthermore, the increasing popularity of PFL fan tokens is seen in its TV presence. Fights are usually aired on popular TV channels such as ESPN2 and ESPN+ with the broadcast spanning across 160 countries, which could be a factor in the growth in interest of PFL Fan Tokens.
The PFL continues to attract attention with its fresh take on MMA competitions and its venture into the world of Fan Tokens.
Since their creation by Chiliz, Fan Tokens have impacted the sports world. With more than 2 million wallets holding fan tokens, they’ve become the largest digital asset class in sports.
Over 70 teams now offer Fan Tokens, including Manchester City ($CITY), FC Barcelona ($BARCA), and Paris Saint-Germain ($PSG). Through Fan Tokens, fans can connect with their favorite teams in new ways.
For instance, fans can vote on team decisions on Socios.com. They can also earn prizes and take part in other engaging activities.
Major exchanges already list Fan Tokens. They can also be traded on Kayen, a decentralized exchange specifically made for Fan Tokens.
Other big names in blockchain have created Fan Tokens, including Binance who are behind Fan Tokens from teams including Lazio and Santos.
