One of the most celebrated football clubs, FC Barcelona, is making waves in the digital world with its latest venture, Barça Vision. This venture, an embodiment of the club’s commitment to digital innovation, has been bolstered by a substantial €120 million investment. The keyphrase “FC Barcelona secures €120M funding for its latest web3 venture.” encapsulates the essence of this news.
Embracing the Web3 Revolution
FC Barcelona, known for its footballing prowess and status as a current La Liga champion, is not new to the digital sphere. The club has a history of partnerships with digital platforms like Chiliz blockchain and has launched notable NFT collections. Its latest venture, Barça Vision, represents its commitment to amalgamating facets of the digital world, focusing on Web3, blockchain, and NFTs.
The funding for this venture, amounting to a hefty €120 million, comes from Libero Football Finance AG, based in Germany, and Nipa Capital B.V., from the Netherlands. As part of this transaction, the club has agreed to give up 29.5% of its shares in Bridgeburg Invest, which serves as the guardian company for Barça Vision.
Exploring the Digital Landscape
The aim of Barça Vision is to create a comprehensive digital ecosystem, termed ‘digital Espai Barça’. This platform will house all of the club’s digital content related to web3, NFT, metaverse, and blockchain. The project underscores FC Barcelona’s vision of integrating football prowess with digital innovation.
FC Barcelona’s digital journey began as early as February 2020, when they partnered with Chiliz, a blockchain pioneer. The partnership saw the creation of exclusive digital tokens for the club’s vast fanbase. In August 2022, Chiliz further strengthened this partnership by acquiring a 24.5% stake in Barça Vision for a whopping $100 million.
Creating Digital Footprints
FC Barcelona’s digital footprint extends beyond blockchain. In May, the club, in collaboration with Plastiks, launched an exclusive collection of 3,000 animal-inspired NFTs titled “Unleash Your Passion”. These NFTs, priced at $30 each, serve as digital collectibles and symbols for an environmental cause, aiming to remove 35 million kilograms of plastic from our ecosystem.
Adding to their digital portfolio, FC Barcelona auctioned an NFT, “Masterpiece #1 In a way”, in July 2022 in New York, fetching an impressive $693,000. Its successor, “Masterpiece #2 – Empowerment”, sold for $300,231 in June 2023 on a digital platform.
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The recent €120 million investment is yet to receive approval from FC Barcelona’s shareholders. If approved, the deal is expected to conclude by the end of 2023, marking another significant milestone in FC Barcelona’s digital journey.
