Penn State Football is joining the bandwagon of crypto scams and grifts, announcing a new program Wednesday that will allow fans to buy digital “tokens” so they can access “exclusive experiences” and “unique benefits.”

Penn State, along with Michigan State, Maryland, Texas A&M and LSU, is partnering with Socios, a blockchain platform that allows a sports team to monetize (scam) its fan base with fake digital assets known as “tokens.”

“The United States is the most important sports market in the world, and college sports represents one of the........

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