Fan tokens are still pretty hot and bustling at this time of high stress in the market. Sports fans are elated because fan token prices have increased by an average of 55% to 60% in just a few days. Paris Saint-Germain doubled its fan token price in one day.
Chiliz Mainnet Upgrade and Token Burn Plan
The reason for the rise of fan tokens is the new protocol developments of Chiliz, the company behind the blockchain-based entertainment platform Socios. Chiliz has announced the launch of Jalapeno, the second phase of the Scoville testnet, which is part of the mainnet's broad launch. The best of the new features is that the dex named PepperSwap will be released.