FC Barcelona secures €120M funding for its latest web3 venture

TL;DR Breakdown

  • FC Barcelona receives €120 million investment for ‘Barça Vision’ from Libero Football Finance AG and Nipa Capital B.V.
  • The club has a history with digital platforms, including partnerships with Chiliz blockchain and launching NFT collections.
  • The investment awaits approval from the club’s shareholders and aims to conclude by the end of 2023.

Description

FC Barcelona, the Spanish footballing giant and current La Liga champion, is venturing further into the digital sphere. With a hefty €120 million (roughly $132 million) backing, FC Barcelona is propelling their new project, ‘Barça Vision‘. This will be a dedicated platform where the club will place all of its digital content around web3, NFT, … Read more

FC Barcelona, the Spanish footballing giant and current La Liga champion, is venturing further into the digital sphere. With a hefty €120 million (roughly $132 million) backing, FC Barcelona is propelling their new project, ‘Barça Vision‘. This will be a dedicated platform where the club will place all of its digital content around web3, NFT, metaverse, and blockchain

The investment is a collaborative effort from two significant entities: Germany’s Libero Football Finance AG and the Netherlands-based Nipa Capital B.V.

As a part of this transaction, the club has agreed to relinquish 29.5% of its shares in Bridgeburg Invest. This firm acts as a guardian company for ‘Barça Vision’.

At its core, Barça Vision signifies FC Barcelona’s commitment to the digital age. It aims to amalgamate facets of the digital world, with a keen focus on Web3, blockchain, and notably, NFTs (digital collectibles). Furthermore, it seeks to pioneer in the realms of the metaverse. In essence, this endeavor is a testament to FC Barcelona’s vision of crafting a comprehensive digital ecosystem termed ‘digital Espai Barça’.

Past ventures and digital achievements of FC Barcelona 

Historically, FC Barcelona has always been at the forefront of digital innovations. Since as early as February 2020, they’ve partnered with Chiliz, a blockchain pioneer, to curate exclusive digital tokens tailored for their vast fanbase. This association further strengthened when, in August 2022, Chiliz acquired a 24.5% stake in Barça Vision, amounting to a staggering $100 million.

Further accentuating their digital dominance, FC Barcelona, in collaboration with Plastiks, launched an exclusive collection of NFTs earlier in May. Titled “Unleash Your Passion”, this collection boasts of 3,000 animal-inspired NFTs. Priced at $30 apiece, they serve a dual purpose: digital collectibles and a beacon for an environmental cause, aiming to eradicate 35 million kilograms of plastic from our ecosystem.

Adding to their illustrious digital portfolio, the club championed the auctioning of an NFT, “Masterpiece #1 In a way”, in July 2022 in New York. This masterpiece fetched an impressive $693,000. Its successor, “Masterpiece #2 – Empowerment”, found its patron on the digital platform, selling for $300,231 in June 2023.

It’s noteworthy that the recent investment will only materialize post the nod from FC Barcelona’s shareholders. Current indicators hint at a possible closure by 2023’s end.

Through these initiatives, FC Barcelona underscores its mission — football prowess intertwined with digital innovation.

文章来源于互联网:FC Barcelona secures €120M funding for its latest web3 venture

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月12日 05:47
Next 2023年8月12日 06:51

Related articles

  • Cryptocurrency scam duo receives six-year prison terms in UK court verdict

    TL;DR Breakdown Ross Jay and Michael Freckleton were sentenced for cryptocurrency scams from 2015-2017. Fake cryptocurrency “Telecoin” is used to deceive investors with false promises of profits. Fraudsters accumulated £509,599 but never engaged in actual cryptocurrency trading. Description Two crypto fraudsters, Ross Jay and Michael Freckleton, have been sentenced by the Southwark Crown Court in the United Kingdom after being found guilty of orchestrating a cryptocurrency scam from 2015 to 2017. The duo used false promises of massive profits to deceive unsuspecting investors into investing in a fake cryptocurrency called “Telecoin.” Under the … Read more Two crypto fraudsters, Ross Jay and Michael Freckleton, have been sentenced by the Southwark Crown Court in the United Kingdom after being found guilty of orchestrating a cryptocurrency scam from 2015 to 2017. The duo used false promises of massive profits to deceive unsuspecting investors into investing in a fake cryptocurrency called “Telecoin.” Under the guise of a firm named Digi Ex, Jay, and Freckleton proactively solicited potential investors with enticing questions like, “How would you like to invest in a cryptocurrency called ‘Telecoin’?”…

    Article 2023年7月31日
  • Web3 marketers shift focus to Middle East and North Africa – Here’s why

    TL;DR Breakdown Due to increased digital payments, developing crypto infrastructure, and the emerging role of CBDCs, the MENA area offers numerous potential for crypto Web3 marketers. The region’s transition toward digital transactions and super-app growth provides a broad canvas for novel consumer engagement and retention techniques. Exploring CBDCs by 86% of global central banks could transform digital finance and give marketers a larger, more technologically aware audience. Description As more and more crypto Web3 marketers turn their attention to the Middle East and North Africa (MENA) areas, the fintech industry is undergoing a fascinating transition. This tactic is not chosen at random. It is supported by three crucial elements: the rise of digital payments, the development of the crypto infrastructure, and the new … Read more As more and more crypto Web3 marketers turn their attention to the Middle East and North Africa (MENA) areas, the fintech industry is undergoing a fascinating transition. This tactic is not chosen at random. It is supported by three crucial elements: the rise of digital payments, the development of the crypto infrastructure, and the…

    Article 2023年7月2日
  • Ethereum layer-2 network Base suffers temporary outage

    TL;DR Breakdown Ethereum layer-2 network Base suffered a brief outage that lasted more than 30 minutes. Explosive growth and implications for layer-2 network. Description The Ethereum Layer-2 network known as Base experienced a brief outage that lasted for approximately half an hour, with full resolution taking an additional 30 minutes. The team reported the incident on Twitter, stating that the delay in block production was due, in part, to the need for a refresh of their internal infrastructure. Importantly, … Read more The Ethereum Layer-2 network known as Base experienced a brief outage that lasted for approximately half an hour, with full resolution taking an additional 30 minutes. The team reported the incident on Twitter, stating that the delay in block production was due, in part, to the need for a refresh of their internal infrastructure. Importantly, they assured users that no funds were at risk during this outage. The development team categorized the issue as a “Base chain stall” on their project status page. Base network administrators blame the issue on an internal delay This incident began with users…

    Article 2023年9月7日
  • FTX seeks to exclude its Dubai unit from U.S. bankruptcy proceedings

    TL;DR Breakdown FTX seeks to exclude its Dubai unit from U.S. bankruptcy proceedings, citing solvency and no prior business in the UAE. The company advocates for voluntary liquidation in Dubai, with the exclusion needed to pay pre-bankruptcy wages to Dubai employees. A court hearing is set for August 23, as FTX plans to re-launch the exchange and emerge from bankruptcy by 2023. Description Bankrupt cryptocurrency exchange FTX seeks to exclude its Dubai-based unit from the ongoing wind-down proceedings in the U.S. Here’s an examination of the developments and the factors influencing this significant request. Contents hide 1 FTX’s bankruptcy and the Dubai unit 2 Reasons for excluding FTX Dubai 3 The legal perspective and future plans 4 Conclusion … Read more Bankrupt cryptocurrency exchange FTX seeks to exclude its Dubai-based unit from the ongoing wind-down proceedings in the U.S. Here’s an examination of the developments and the factors influencing this significant request. Contents hide 1 FTX’s bankruptcy and the Dubai unit 2 Reasons for excluding FTX Dubai 3 The legal perspective and future plans 4 Conclusion FTX’s bankruptcy and the…

    Article 2023年8月4日
  • India’s digital finance leap: Aiming for the stars

    Description As Prime Minister Narendra Modi celebrated India’s remarkable strides in space with its moon landing, another massive leap was taking place closer to home: the finance sector. India is not just evolving, it’s rocketing ahead with audacious reforms that might just reshape the global financial landscape. From cash-reliant chaos to digital dynamo Decades ago, India’s … Read more As Prime Minister Narendra Modi celebrated India’s remarkable strides in space with its moon landing, another massive leap was taking place closer to home: the finance sector. India is not just evolving, it’s rocketing ahead with audacious reforms that might just reshape the global financial landscape. From cash-reliant chaos to digital dynamo Decades ago, India’s financial system was laughably archaic. It was a playground for fraudsters, tax evaders, and bribe-takers, thanks to a cash-reliant model. But Modi wasn’t having any of it. The audacious 2016 move to yank high-value notes from circulation was a firecracker decision. Sure, it was disruptive and chaotic, but sometimes you need to shake the tree to get rid of the bad apples. Coupled with the advent…

    Article 2023年8月28日
TOP