Saturday, June 10, 2023 Inks $100 Million Deal With FC Barcelona For Web3 Push Inks $100 Million Deal With FC Barcelona For Web3 Push


  • Blockchain-based sports activities engagement platform introduced a $100 million funding in Barca Studios.
  • The capital injection is designated for the soccer membership’s Web3 technique funding.
  • This might embody blockchain companies, NFTs, and digital asset operations, per immediately’s announcement.
  • proprietor Chiliz acquired a 24.5% stake in Barca Studio as a part of the settlement.
  • The fan engagement platform has signed a plethora of offers with a number of sports activities business giants throughout totally different leagues and nations. 

Blockchain-powered sports activities fan engagement outfit has invested $100 million in FC Barcelona’s digital content material division because the platform strikes to drive wider Web3 adoption and promote decentralized know-how in mainstream areas.

As a part of the deal, Socios’ mum or dad firm Chiliz additionally acquired a 24.5% stake within the soccer giants’ content material and distribution arm dubbed Barca Studios.

Socios was based by Alexandre Dreyfus in 2018 as a blockchain-based fan engagement hub beneath Chiliz. Chiliz has its personal so-called CHZ token and has inked a number of agreements with sports activities business stakeholders together with a number of Ballon D’or profitable participant Lionel Messi.

Additionally, Socios has partnerships with over 160 sports activities groups worldwide together with different La Liga soccer groups.

FC Barcelona is an enormous European soccer membership primarily based in Spain which a number of awards, titles, and achievements.

Each entities are usually not unfamiliar as FC Barcelona signed a partnership with Socios again in February 2020. On the time, the pair teamed as much as launch BAR, a fan token geared toward increasing interplay and delivering unique rewards for Barcelona supporters.

Over $39 million value of BAR tokens have been bought since then, per experiences.

Socios Expands Barca’s Fan Engagement With Blockchain Tech And Web3 Options

The most recent partnership will develop this present relationship and energy deeper Web3 experiences for the membership and its supporters. Additionally, the BAR token will proceed to play a key position in Barca’s Web3 ecosystem which may unveil new options like non fungible tokens (NFTs) and different digital property within the coming months. 

Dreyfus famous that the deal may present extra international publicity for Web3 options by leveraging Barca’s 400 million followers internationally.

Furthermore, the applying of blockchain know-how can take the fan expertise far past an app-based engagement and reward construction and ship utility and connectivity throughout the metaverse, offering a strategy to join a limitless variety of web3 initiatives.



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