What are fan tokens?

Fan tokens are utility token that the fans and organizations can utilize to enhance the way they engage in fanship and vice versa. Some of the famous fan tokens include Barcelona Fan Token ($BAR), Manchester City Fan Token Price ($CITY), AC Milan ($ACM), etc. 2. How Do Crypto Fan Tokens Work?

What is Manchester City fan token?

Manchester City fan token has a market cap of $35.89 million, making it the third-largest fan token in the crypto world. The team had the same motive as others behind launching their token. They want their fans to engage with them, participate in decision-making, and receive exclusive rewards.

What is the Alpine fan token?

In short, the token enables fans to directly interact with their favorite teams and drivers, and possibly even meet them in real life. The Alpine Fan Token has the highest market cap of all fan tokens at $40 million, with a circulating supply of 11.3 million and a maximum supply of 40 million.

What is the difference between fan tokens and NFTs?

While NFTs give ownership rights by virtue of digital copyright that cannot be exchanged, fan tokens are completely interchangeable. This means that fan tokens can be easily exchanged for availing products or services of the enterprise behind them. Additionally, fan tokens build identity and gather people in a close-knit community.