Paris Saint-Germain (PSG) has taken a significant step towards integrating sports with Web3 by becoming a validator on the Chiliz chain, signaling a potential push towards wider acceptance in digital space.

This move not only reinforces the bond between traditional sports entities and the burgeoning world of blockchain but also showcases PSG's willingness to innovate and embrace new technologies.

Following this development, there's been a noticeable 105% increase in the value of CHZ, the native cryptocurrency of the Chiliz platform.

This surge reflects the growing interest and optimism in the potential of blockchain technologies to revolutionise the sports industry, paving the way for more clubs and organisations to explore similar partnerships.