Tech

Tech Roundup: Brazilian football enters crypto game

The most important news about tech and innovation in Brazil this week

NFTs football bus apps
Illustration: Alongkorn Sanguansook/Shutterstock

This week. To avoid greenwashing, sustainable funds will finally have new rules in Brazil. Apps become fierce competitors of bus companies in Brazil. Brazilian football betting on NFTs. 

Brazilian football using NFTs for more revenue

Brazilian football clubs have waded into the world of cryptocurrency, following major European sides’ venture into the world of fan tokens (FTOs) and non-fungible tokens (NFTs), of which PSG, AC Milan, and Real Madrid are already major proponents.

FTOs v. NFTs. Related to cryptocurrencies, the two crypto-assets work within blockchain but have different purposes.

  • A fan token is a utility asset allowing owners to...
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