August 13, 2023

FC Barcelona Secures $132 Million Investment for Web3 Initiative

FC Barcelona

FC Barcelona

The well-known Spanish soccer club FC Barcelona has successfully obtained a 120 million euro ($132 million) investment for its Barça Vision Web3 initiative from Libero Football Finance AG and Nipa Capital BV.

According to a press release, FC Barcelona has recently sold a 29.5% share in Bridgeburg Invest, the holding company for Barça Vision, in exchange for capital. Barça Vision is the club’s initiative to unify all digital content related to Web3 and blockchain, including NFTs and metaverse. These are all part of the club’s strategy to develop the digital Espai Barça.

Libero is a German company that provides financial consulting services to soccer clubs and is listed publicly. On the other hand, Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction between the two companies is still subject to the approval of FC Barcelona shareholders and is anticipated to be finalized in the fourth quarter of 2023.

In this regard, FC Barcelona President Joan Laporta said: “Over the past few years, we have made considerable progress in the digital ecosystem, turning our assets into a creative hub that boosts FC Barcelona’s brand to unique levels in the World.”

FC Barcelona has collaborated with Chiliz blockchain since February 2020 to develop Ethereum-based FC Barcelona Fan Tokens (BAR) for its sports organization. In August 2022, Chiliz recently declared that it acquired a 24.5% stake in Barça Vision, FC Barcelona’s digital content creation wing, for $100 million.

FC Barcelona launched its first-ever NFT collection in association with Plastiks in May. The “Unleash Your Passion” collection features 3,000 animal-themed NFTs, priced at $30 each. The club claims that the funds generated from this collection will aid in “removing 35,000,000 kilograms of plastic from our planet.”

In July 2022, the football club made a sale of its first NFT, titled “Masterpiece #1 In A Way,” at a Sotheby’s auction in New York for $693,000. The second collectible in the series, named “Masterpiece #2 – Empowerment,” was sold for $300,231 on OpenSea on June 28, 2023.

Author profile

Whether you want to learn about NFT, Blockchain, Web3.0, Metaverse, or any other emerging technologies, we have the vital resources that will enlighten and help you make an informed decision.