CDS Startups FC Barcelona Receives $100M Investment to Accelerate Adaptation to Web3
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FC Barcelona Receives $100M Investment to Accelerate Adaptation to Web3

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FC Barcelona Receives $100M Investment to Accelerate Adaptation to Web3
FC Barcelona Receives $100M Investment to Accelerate Adaptation to Web3

FC Barcelona has announced that its blockchain-powered fan engagement and rewards app Socios.com will become “a strategic technology partner for FC Barcelona to support blockchain, NFT, digital asset projects and Web 3.0 strategies.”

FC Barcelona, the flagship team of Spanish football, competing in LaLiga and Champions League; announced that Chiliz, the owner of Socios.com, the global blockchain provider of the sports industry, has become a partner, acquiring a 24.5% stake with a $100M investment in Barça Studios, the club’s digital content creation and distribution center.

“The new partnership will enhance the club’s ability to deliver meaningful digital products to fans and build new long-term sustainable revenue streams.” Socios.com

Barca Studios said in a statement that they are happy to benefit from Socios.com’s experience in blockchain technology in creating a helpful web3 program that will connect fans with the club.

$BAR Fan Token

According to Socios.com, the $BAR Fan Token, released by Chiliz for FC Barcelona fans in February 2020, will be the key that will unlock new features that Socios.com and Barça Studios have created together.

Since 2020, $39 million worth of $BAR Fan Tokens have been sold. Fan Token holders will have the opportunity to win exclusive discounts and promotions, as well as unique prizes such as autographed merchandise, VIP tickets and the chance to play at FC Barcelona’s stadium, Camp Nou.

Alexandre Dreyfus, CEO of Socios.com, stated in a statement that blockchain technology could provide fans with a role within the club.

Barça Studios can now leverage our technology, expertise and global scale to help roll out the club’s new Web 3.0 content strategy and deliver long-term revenue streams that will benefit the club for seasons to come. We are passionate about the role that technology can play in building communities that bring fans closer to their teams and each other. Blockchain technology can provide fans with a role and membership in their communities that cannot be removed or revoked or spent or expire. Moreover, the application of blockchain technology can take the fan experience far beyond an app-based engagement and reward structure and deliver utility and connectivity across the metaverse, providing a way to connect a limitless number of Web 3.0 projects. As their trusted technology partner, we’ll do everything we can to support them in their efforts to build new and rewarding digital connections with their 400 million followers worldwide.” Alexandre Dreyfus, Chief Executive of Socios.com

References

Socios

currency

Written by
yagiz

Yağız became interested in finance while studying international relations at Osmangazi University in 2014. He met blockchain technology in 2020 and never looked back. He is currently trying to participate in all blockchain events held in his region and develop himself in the field of blockchain.

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