Socios.com invests $100M to speed up Web3 improvements for FC Barcelona

by Cryptospacey

Socios.com is investing $100 million in Barca Studio for a 24.5% stake and goals to speed up blockchain, non-fungible token (NFT), and digital property innovation for FC Barcelona.

Barca Studios was launched in 2019 because the membership’s platform for creating and distributing video and audio content material. The partnership with Socios.com will ship extra NFT and metaverse-related initiatives to assist have interaction, reward, and construct connections with the membership’s international fan base.

Web3 initiatives from Barca Studios will launch on Chiliz Chain 2.0 (CC2), a Layer-1 blockchain designed for the sports activities and leisure trade. With CC2, sports activities manufacturers will be capable of mint NFTs and Fan tokens to be used throughout DeFi merchandise and Play2Earn video games. CC2 mainnet is scheduled to launch in This fall of 2022.

Earlier in 2020, FC Barcelona partnered with Socios.com to launch its $BAR Fan token. To this point, over $39 million $BAR tokens have been bought. $BAR token hit an all-time excessive of $79.26 in April 2021. It has since declined over 92%, buying and selling at about $6 as of press time.

Socios.com taking part in within the Sports activities area

Socios.com is a fan engagement and reward platform powered by the Chiliz blockchain. Sports activities followers can take part and affect choices by buying tokens of their respective golf equipment utilizing the native Chiliz token (CHZ).

The platform makes use of the Chiliz blockchain infrastructure to launch Fan tokens and engagement options for a sports activities model. To this point, it has created tokens for soccer golf equipment, together with Paris Saint-Germain, Juventus, AC Milan, Inter Milan, Napoli, Manchester Metropolis, Arsenal, and UEF.

Non-football manufacturers like NBA and NBL groups have partnered with Socios.com to develop fan engagement options and undertake methods to additional their Web3 initiatives.

Messi joins Socios.com

In April 2022, Socios.com signed a three-year deal with Argentine Soccer star Lionel Messi as a World Model Ambassador. Messi will promote the platform to his 400 million followers as a part of the deal, whereas Socios.com will launch a fan token for him, together with a $20 million fee.

Messi mentioned:

“Followers should be recognised for his or her help. They deserve alternatives to affect the groups they love… I’m proud to hitch Socios.com’s mission to create a extra linked and rewarding future for followers around the globe.”

 

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