Read

<div class="cryptonews"> 
 <p class="is-style-lead">Paris Saint-Germain (PSG) has partnered with Drop co-founder and CEO Benjamin Benichou to create a series of non-fungible token (NFT) <a rel="noopener noreferrer nofollow" title="posters" href="https://thebittimes.com/tag/posters.html">posters</a>.</p> 
 <p>The French <a rel="noopener noreferrer nofollow" title="soccer" href="https://thebittimes.com/tag/soccer.html">soccer</a> giant on Sept. 21 announced a partnership with Benichou, a Los Angeles-based artificial intelligence (AI) artist and co-founder of social commercial platform Drop, to create a series of matchday NFTs.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">Paris Saint-Germain continues to explore exciting new avenues in the fields of art and technology. This season the club is working with the artistic director Benjamin Benichou to create a unique collection of match <a rel="noopener noreferrer nofollow" title="posters" href="https://thebittimes.com/tag/posters.html">posters</a> using artificial intelligence.https://t.co/Ay8nza7nLK</p>— Paris Saint-Germain (@PSG_English) September 21, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>The NFTs will take the form of match <a rel="noopener noreferrer nofollow" title="posters" href="https://thebittimes.com/tag/posters.html">posters</a> depicting many of PSG’s historic moments and will be available exclusively on Crypto.com’s NFT platform.&nbsp;</p> 
 <p>According to the club, the series will comprise 1,970 AI-assisted artworks, with seven set to become official match <a rel="noopener noreferrer nofollow" title="posters" href="https://thebittimes.com/tag/posters.html">posters</a> for seven crucial matches during the 2023-2024 season.</p> 
 <p>The NFTs will be freely distributed to eligible Crypto.com users on the respective matchdays. Holders will also get the chance to win an assortment of prizes, including signed shirts from PSG players and physical prints of the original artwork.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Honda to launch NFTs at Japanese Formula 1 
 </div> 
 <p>According to PSG brand director Fabien Allègre, the partnership with Benichou and Crypto.com will allow the club and its fans to understand AI and its possibilities better.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“We are delighted with this first experience, the result is impressive. This collaboration with Benjamin Benichou allowed us to better understand this new tool, which, when put at the service of creation, opens up an unimaginable field of possibilities.”</p> <cite>Fabien Allègre, Brand Director, PSG</cite> 
 </blockquote> 
 <p>PSG has a previous history with crypto and NFTs. Three years ago, it launched a Socios-powered Android app to enable fans to earn tokens by engaging with the club. The tokens allowed their holders to vote on specific issues affecting the football club.</p> 
 <p>In 2021, news reports claimed that one of PSG’s most decorated players, Lionel Messi, who now plies his trade at Inter Miami CF, would receive part of his wages in crypto.&nbsp;&nbsp;&nbsp;</p> 
 <p>However, the French club’s latest foray into NFTs comes on the back of a recent dappGambl report claiming that nearly 95% of all non-fungible token collections have no value. The report analyzed 73,267 collections, of which 69,795, held by about 23 million people, were virtually worthless, with market caps of 0 ETH.</p> 
 <p>Additionally, the report indicated that only 21% of NFT collections had full ownership, meaning 79% remained unsold.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Nearly 95% of NFTs are now worthless, report says 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/psg-soccer-club-drop-ceo-collaborate-on-ai-generated-nft-posters-tbt63805.html">https://thebittimes.com/psg-soccer-club-drop-ceo-collaborate-on-ai-generated-nft-posters-tbt63805.html</a></p>

PSG soccer club, Drop CEO collaborate on AI-generated NFT posters

TheBitTimes

Other articles published on Sep 23, 2023

Base ecosystem expands by 97.21% as TVL surpasses that of Solana

Benjamin Cowen Forecasts Potential Bitcoin Dip Amid Broader Crypto Challenges

eToro Receives Crypto Asset Service Provider Registration from CySEC

MATIC Price Prediction as Prices stuck at 50 cents…Can MATIC Recover?

The Metaverse: What Is It? 2023-2024-2025-2030 Metaverse Land Investing - Landindex

This DeFi ‘super platform’ improves onboarding to accelerate mass adoption

Join our free newsletter for daily crypto updates!