FC Barcelona secures $132 million investment in blockchain and NFT venture
The football club has been keen on building non-fungible token collections for much of the past year.
News
Join us on social networks
Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 Barça Vision initiative.
According to the August 11 announcement, FC Barcelona have sold a 29.5% stake in Bridgeburg Invest, the holding company of Barça Vision, in exchange for capital. "Barça Vision is the Club's initiative to integrate all digital content around Web3 and blockchain, including non-fungible tokens (NFTs) and the metaverse, which are part of the Club's strategy to build Espai Digital Barca," the developers wrote.
Libero is a listed company in Germany that advises football clubs on financial matters. Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction is subject to approval by FC Barcelona shareholders and is expected to close in the fourth quarter of 2023.
Since February 2020, FC Barcelona has partnered with the Chiliz blockchain to create Ethereum-based BAR fan tokens for their sports franchise. In August 2022, Chiliz announced that it had purchased a 24.5% stake in FC Barcelona's digital content creation arm, Barça Vision, for $100 million.
In May, FC Barcelona launched their first inaugural NFT collection with Plastiks. Dubbed “Unleash Your Passion,” the collection includes 3,000 animal-themed NFTs priced at $30 each that the club says will help “eliminate 35,000,000 kilograms of plastic from our planet.”
Subsequently, in July 2022, the football club sold its first NFT "Masterpiece #1 In a Way" at Sotheby's auction in New York for $693,000. The second collectible in the series, Masterpiece #2 - Empowerment, was
The football club has been keen on building non-fungible token collections for much of the past year.
News
Join us on social networks
Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 Barça Vision initiative.
According to the August 11 announcement, FC Barcelona have sold a 29.5% stake in Bridgeburg Invest, the holding company of Barça Vision, in exchange for capital. "Barça Vision is the Club's initiative to integrate all digital content around Web3 and blockchain, including non-fungible tokens (NFTs) and the metaverse, which are part of the Club's strategy to build Espai Digital Barca," the developers wrote.
Libero is a listed company in Germany that advises football clubs on financial matters. Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction is subject to approval by FC Barcelona shareholders and is expected to close in the fourth quarter of 2023.
Since February 2020, FC Barcelona has partnered with the Chiliz blockchain to create Ethereum-based BAR fan tokens for their sports franchise. In August 2022, Chiliz announced that it had purchased a 24.5% stake in FC Barcelona's digital content creation arm, Barça Vision, for $100 million.
In May, FC Barcelona launched their first inaugural NFT collection with Plastiks. Dubbed “Unleash Your Passion,” the collection includes 3,000 animal-themed NFTs priced at $30 each that the club says will help “eliminate 35,000,000 kilograms of plastic from our planet.”
Subsequently, in July 2022, the football club sold its first NFT "Masterpiece #1 In a Way" at Sotheby's auction in New York for $693,000. The second collectible in the series, Masterpiece #2 - Empowerment, was
What's Your Reaction?
