Grammy winner Portugal. The Man launches fan token on Ethereum

Grammy Award-winning American pop-rock band “Portugal. The Man” has launched a fan-focused cryptocurrency on the Ethereum-based Rally Network. Known as PTM Coin, the new token will reportedly grant fans exclusive access to various events and perks, including a livestream party, previously unreleased songs and more.

Fan tokens emerged as a growing trend in 2020, allowing artists and content creators (and even soccer players) to build virtual communities through token economies on the blockchain.

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