FC Barcelona secures $132 investment for blockchain and NFT venture

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Spanish soccer membership FC Barcelona has secured a €120 million ($132 million) funding from Libero Soccer Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Imaginative and prescient.

In accordance with the Aug. 11 announcement, FC Barcelona bought a 29.5% stake in Bridgeburg Make investments, the holding firm for Barça Imaginative and prescient, in change for the capital. “Barça Imaginative and prescient is the Membership’s initiative to combine all digital content material round Web3 and blockchain together with nonfungible tokens (NFTs) and metaverse, that are a part of the Membership’s technique to construct the digital Espai Barça,” builders wrote.

Libero is a publicly listed firm in Germany consulting soccer golf equipment on monetary issues. Nipa Capital is a enterprise capital agency domiciled within the Netherlands. The transaction is topic to the approval of FC Barcelona shareholders and is predicted to shut in This fall 2023.

Since February 2020, FC Barcelona has partnered with the Chiliz blockchain to create Ethereum-based BAR fan tokens for its sports activities franchise. In August 2022, Chiliz introduced it had bought a 24.5% stake in FC Barcelona’s digital content material creation arm Barça Imaginative and prescient for $100 million. 

In Might, FC Barcelona launched its first inaugural NFT assortment with Plastiks. Dubbed “Unleash Your Ardour,” the gathering options 3,000 animal-themed NFTs at a value of $30 every that the membership says will contribute to “eradicating 35,000,000 kilograms of plastic from our planet.”

Subsequently, in July 2022, the soccer membership bought its first NFT “Masterpiece #1 In a approach” at Sotheby’s New York public sale for $693,000. The second collectible within the sequence, Masterpiece #2 – Empowerment, was sold on OpenSea on June 28, 2023, for $300,231.