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

  • Binance Initiates BTC Wallet Migration, Triggers Significant On-Chain Transfers

    TL;DR Breakdown Binance, one of the largest cryptocurrency exchanges, plans to migrate funds from its previous Bitcoin cold wallet to a new address for improved security and infrastructure. The wallet transfer involves a substantial amount of BTC, totaling 130,177 BTC or approximately $3.45 billion. On-chain data confirms specific BTC movements associated with the migration, including significant transfers to two main addresses. The migration reflects Binance’s commitment to security and may have short-term market implications. Description Binance, one of the world’s largest cryptocurrency exchanges, has announced its intention to transfer funds from its previous Bitcoin (BTC) cold wallet to a new address, leading to notable on-chain BTC transfers. This move comes as part of Binance‘s commitment to bolster the security and infrastructure of its BTC holdings, prompting significant attention from market … Read more Binance, one of the world’s largest cryptocurrency exchanges, has announced its intention to transfer funds from its previous Bitcoin (BTC) cold wallet to a new address, leading to notable on-chain BTC transfers. This move comes as part of Binance‘s commitment to bolster the security and infrastructure of…

    Article 2023年6月22日
  • Crypto firm Linus Financial settles with SEC over regulatory violations

    TL;DR Breakdown Linus Financial has reached a settlement with the U.S. Securities and Exchange Commission (SEC) following allegations of failing to register its retail crypto lending product. The crypto firm failed to register the offer and sale of its interest-bearing accounts, which allowed U.S. investors to exchange fiat currency for Linus Financial’s promise to pay interest.  Description Nashville-based crypto services firm, Linus Financial, has reached a settlement with the U.S. Securities and Exchange Commission (SEC) following allegations of failing to register its retail crypto lending product. The SEC announced this settlement, which centers on Linus’s crypto lending offering known as “Linus Interest Accounts.” The issue at hand arose from Linus Financial’s failure … Read more Nashville-based crypto services firm, Linus Financial, has reached a settlement with the U.S. Securities and Exchange Commission (SEC) following allegations of failing to register its retail crypto lending product. The SEC announced this settlement, which centers on Linus’s crypto lending offering known as “Linus Interest Accounts.” The issue at hand arose from Linus Financial’s failure to register the offer and sale of its interest-bearing accounts,…

    Article 2023年9月8日
  • IMF’s SOS: World economy needs a jolt, and fast!

    TL;DR Breakdown The IMF urgently calls for revitalization of the world economy. G20’s response to the escalating climate crisis lacks concrete action, especially regarding the promised $100 billion annually for climate finance. Georgieva emphasizes revamping domestic resources to support the green transition. Description The ticking clock on the world economy isn’t waiting. The International Monetary Fund (IMF) stands at the frontline, signaling an urgent call to arms. With pressing issues on one hand and a seemingly lackluster response from global leaders on the other, IMF’s chief, Kristalina Georgieva, has placed a clear mandate before the members of the … Read more The ticking clock on the world economy isn’t waiting. The International Monetary Fund (IMF) stands at the frontline, signaling an urgent call to arms. With pressing issues on one hand and a seemingly lackluster response from global leaders on the other, IMF’s chief, Kristalina Georgieva, has placed a clear mandate before the members of the G20 bloc: It’s time to revitalize the world economy, and there’s not a moment to waste. Climate Funds: Promises in the Air? One can’t…

    Article 2023年9月11日
  • Binance.US lists Ripple’s XRP token following court ruling

    TL;DR Breakdown Binance.US relists Ripple’s XRP token after a court ruling on its non-security status. Other major exchanges, including Coinbase and Gemini, also announce the re-listing of XRP. The court ruling brings hope to XRP investors and sparks cryptocurrency regulations and securities classification discussions. Description Binance.US, the U.S. subsidiary of the world’s largest crypto exchange by volume, Binance, has announced the relisting of Ripple‘s XRP token in a significant development for the cryptocurrency market. Also, this decision comes on the heels of a recent U.S. federal court ruling that deemed the secondary sales of XRP on exchanges as non-securities. Binance.US … Read more Binance.US, the U.S. subsidiary of the world’s largest crypto exchange by volume, Binance, has announced the relisting of Ripple‘s XRP token in a significant development for the cryptocurrency market. Also, this decision comes on the heels of a recent U.S. federal court ruling that deemed the secondary sales of XRP on exchanges as non-securities. Binance.US joined other major crypto exchanges, such as Coinbase, Kraken, and Bitstamp, which have already re-listed XRP on their platforms. With the relisting…

    Article 2023年7月15日
  • Russia’s digital ruble set to pilot amid economic challenges

    TL;DR Breakdown Russia is initiating a digital Ruble pilot, despite economic challenges and international isolation from the Ukraine conflict. The Federation Council has passed legislation approving the digital Ruble. Tests may begin next month. The digital Ruble could ease cross-border payments and increase internal transaction transparency. Description As the global economy steers towards digitization, Russia propels its own monetary evolution by piloting the digital Ruble, an innovation maneuvered in the midst of formidable economic obstacles. Overcoming international isolation due to the Ukraine conflict, Russia’s journey into the digital currency realm manifests the nation’s resilience and strategic foresight. The launch of Russia’s digital … Read more As the global economy steers towards digitization, Russia propels its own monetary evolution by piloting the digital Ruble, an innovation maneuvered in the midst of formidable economic obstacles. Overcoming international isolation due to the Ukraine conflict, Russia’s journey into the digital currency realm manifests the nation’s resilience and strategic foresight. The launch of Russia’s digital ruble The blueprint for Russia’s digital currency received a green light from the Federation Council, Russia’s upper house of parliament….

    Article 2023年7月20日
TOP