News broke that Flamengo were planning to launch a Fan Token after an official invitation was sent to the club’s deliberative council to discuss and sign off the new partnership. The deal has now been approved by the club’s council meaning that Flamengo will become the third Brazilian team to launch a Fan Token on Socios.com after Atlético Mineiro and Corinthians.

Fan Tokens are collectible digital assets, minted on the Chiliz blockchain, that provide owners with access to voting rights in polls, VIP rewards, exclusive promotions, AR-enabled features, chat forums, games and competitions on Socios.com.

More than major sporting organizations have partnered with Socios.com to launch Fan Tokens, including FC Barcelona, Paris Saint-Germain, Juventus, AC Milan, Atlético Madrid, Valencia, Manchester City, Inter Milan, Arsenal and the Argentina and Portugal national football teams. Socios.com is also rapidly expanding its presence in the U.S. with 11 major NBA teams on board and many more set to follow. MMA giants UFC have launched a Fan Token as have fellow MMA organisation the PFL. The Socios.com roster also features a host of leading teams from F1, esports and cricket.

Created by Chiliz, the leading blockchain provider for the global sports and entertainment industry, Socios.com has major expansion plans and is targeting many more Fan Token launches in LATAM and throughout the world. $CHZ — the digital currency for sports and entertainment that powers the Socios.com platform, and Fan Tokens for several partner clubs, is available on Brazil and South America’s biggest crypto exchange Mercado Bitcoin.
Socios.com has multiple office locations around the world and has already opened new regional headquarters in Madrid, Istanbul, São Paulo and Buenos Aires. The company will open a new office in North America in the near future.
Details on when the $MENGO Fan Token will launch will be revealed in the near future.
Gustavo Oliveira, Flamengo’s Communications and Marketing vice-president said: “Flamengo’s Nation always embraces all of our partners and this time it won’t be different.
“We have a lot of confidence in the potential of Fan Tokens and believe that Flamengo’s fan engagement, the biggest fanbase in the world, will be fantastic. We are excited by what is coming next.”
Alexandre Dreyfus, CEO of Chiliz and Socios.com, said: “Another sporting giant has joined our ecosystem. Welcome aboard Flamengo!
“Fans of this world famous club will, very soon, be able to enjoy a powerful new way to connect with the team they love.
“We look forward to launching the $MENGO Fan Token and creating amazing new opportunities for Flamengo fans.”