Fan tokens enjoy weekly sales surge while NFTs slump

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Cryptocurrencies categorized as fan tokens surged by 27.53% in global sales volume over the past seven days while non-fungible tokens (NFTs) dropped by 31.66%, according to CryptoSlam data.  

Fast facts

  • Fan tokens allow investors to engage with clubs, mainly soccer and eSports teams, in ways such as obtaining rewards or voting for decisions. 
  • Chiliz was trading at US$0.2361, at press time, up more than 30% in the past week, in part of a greater crypto market surge. 
  • While some individual NFT projects have seen success over the past week, the general ecosystem has slowed down.  

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