After the loss against Croatia in the FIFA World Cup quarterfinal, the Brazillian national team fan token, BPT, has slumped by over 60%, according to CoinGecko.
The Brazil national team, considered by many fans as one of the outright favorites to win the ongoing FIFA World Cup in Qatar, has just lost on penalties to Croatia.
The event evidently had adverse effects on the national team’s fan token. The Brazil National Football Team Fan Token (BFT) dropped from $0.218 at the kick-off to $0.086 at press time, falling by a whopping 60%.
In the meantime, the Croatian fan token VATRENI saw a growth of 15% just minutes after the game finished.
Changpeng Zhao was among those disappointed with Brazil’s loss. Binance CEO betted on the Brazilian team’s victory in an encrypted message earlier today.
National team fan tokens have been in the spotlight since the start of the World Cup. Millions of fans are trading the tokens of different national teams, with different use cases ranging from purchasing tickets to getting access to VIP offers.
The latest edition of football’s biggest event has opened its arms to crypto and blockchain technology. As far back in March, Crypto.com was unveiled as a headline sponsor for the World Cup. In addition, FIFA also signed a partnership agreement with the blockchain company Algorand to provide blockchain-supported wallet solutions for fans.
Read More: crypto.news
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Solana 
USDC 
Dogecoin 
Cardano 
TRON 
Lido Staked Ether 
Wrapped Bitcoin 
Sui 
Wrapped stETH 
Hyperliquid 
Chainlink 
Avalanche 
Stellar 
Toncoin 
LEO Token 
Shiba Inu 
Bitcoin Cash 
Hedera 
Litecoin 
USDS 
WETH 
Polkadot 
Wrapped eETH 
Monero 
Bitget Token 
Binance Bridged USDT (BNB Smart Chain) 
Pepe 
Ethena USDe 
Pi Network 
Coinbase Wrapped BTC 
WhiteBIT Coin 
Uniswap 
Aave 
Dai 
Bittensor 
NEAR Protocol 
Aptos 
OKB 
Jito Staked SOL 
Tokenize Xchange 
BlackRock USD Institutional Digital Liquidity Fund 
Ondo 
Ethena Staked USDe 
Cronos 
Internet Computer