Spanish football club FC Barcelona has secured an investment of €120 million from Libero Football Finance AG and Nipa Capital BV for its Web3 initiative ‘Barca Vision’.
According to an announcement on August 11, FC Barcelona has sold its 29.5% stake in Barca Vision’s holding company, Bridgeburg Invest, in exchange for the investment. “Barca Vision is part of the club’s strategy to create a digital spy barca, Which focuses on Web3 and Blockchain, including NFTs and the Metaverse.” all desi Club’s efforts to integrate digital content it is.
Libero is a publicly traded German company that provides financial advice to football clubs. Nipa Capita is a venture capital firm based in the Netherlands. The transaction is subject to shareholder approval by FC Barcelona and is expected to close in the fourth quarter of 2023.
Since February 2020, FC Barcelona has partnered with Chile’s Blockchain to create an Ethereum-based FC Barcelona Fan Token (BAR) for the sporting franchise. In August 2022, Chile announced the purchase of a 24.5% stake in Barca Visions, the digital content production arm of FC Barcelona, for $100 million.
In May, FC Barcelona launched its first NFT collection with Plastix. The collection is called “Unleash Your Passion” and includes 3,000 animal-themed NFTs priced at $30 each.
Then, in July 2022, FC Barcelona sold its first NFT, Masterpiece #1 in a Way, at a Sotheby’s auction for $693,000. The second collectible figure in the series, Masterpiece #2 – Empowerment, sold on OpenSea on June 28, 2023 for $300,231.
Translation/Editing Cointelegraph Japan