The club’s president likewise specified prepares for a “Barça Metaverse” and an NFT collection.
Key Takeaways
- FC Barcelona has exposed prepares to develop its own cryptocurrency.
- The relocation comes simply a week after the club turneddown sponsorship offers from Polkadot and Binance.
- The club's president, Joan Laporta, likewise specified prepares to develop a Metaverse and NFTs.
Professional soccer club FC Barcelona has revealed prepares to establish its own cryptocurrency to assistance the group “survive economically.” The statement comes a week after the Spanish club turneddown sponsorship offers from Polkadot and Binance.
FC Barcelona Reveals Crypto Plans
FC Barcelona might be the veryfirst soccer group to launch its own standalone cryptocurrency.
Speaking at the Mobile World Congress 2022 conference in the Catalan city Monday, FC Barcelona president Joan Laporta announced that the club would produce its own cryptocurrency. Laporta pointedout the requirement for FC Barcelona to contend with clubs owned by huge corporations and foreign financiers as a significant factor behind the choice.
“We desire to develop our own cryptocurrency, and we have to do that ourselves. We are various since we endure economically from what we can produce through the market of sport,” Laporta specified, discussing that the club doesn’t have huge investors or backers and forthatreason requires to be ingenious in how it links with its fans.
In addition to an FC Barcelona cryptocurrency, Laporta likewise hinted that the club strategies to develop its own “Barça Metaverse” and NFT collections. “We’re establishing our own Metaverse, [which is why] we turneddown the opportunity to be associated with any cryptocurrency business,” he stated.
Just a week previous, FC Barcelona turned down sponsorship quotes from crypto business Polkadot and Binance in favor of the music streaming platform Spotify. It’s now clear that the club’s in-house crypto strategies mostlikely factored into these rejections.
FC Barcelona’s justrecently revealed blockchain strategies are not the club’s initially venture into the crypto area. Since 2020, the club hasactually been providing BAR; a fan token launched through socios.com. BAR tokens permit holders to assistance the group make choices, gainaccessto VIP experiences, make authorities items, and more. Several other popular European clubs have likewise released comparable tokens, consistingof Italy’s AC Milan and Poland’s Legia Warsaw.
However, with the statement of a standalone cryptocurrency, Metaverse, and NFTs, FC Barcelona looks set to go beyond its peers in leveraging blockchain innovation.
Disclosure: At the time of composing, the author did not own any of the cryptocurrencies discussed in this piece.
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