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FC Barcelona Has Plans to Launch Its Own Metaverse and Cryptocurrency

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FC Barcelona has turned down offers to collaborate with several cryptocurrency startups, confirming their desire to create their own digital currency further.

FC Barcelona President Joan Laporta revealed during the Mobile World Congress that the team intends to launch its own cryptocurrency as it tries to “survive financially” against soccer clubs controlled by large businesses and foreign investors.

After announcing the club’s plans to develop its own cryptocurrency and metaverse, Laporta stated that FC Barcelona is unique. It can live only on the revenue generated from its sport.

FC Barcelona turns down major crypto deals

The president and management board of FC Barcelona allegedly rejected a lucrative $79.4 million agreement with an unnamed crypto exchange. The exchange wanted to become the club’s jersey sponsor beginning next season, citing concerns that crypto is an “unethical” sector.

Marca, Spain’s leading sports publication, claimed that during the long search for a new shirt sponsor, Barcelona “received several bids from cryptocurrency exchange companies” that offered more money than Spotify. The music streaming service is now set to become Barça’s sponsor for the 2022-2023 season.

Unlike the majority of soccer clubs, FC Barcelona is owned and controlled by its supporters. Rather than stockholders, the club’s governance is delegated to around 160,000 members.

“We do not have big corporations or shareholders behind us. That forces us to be imaginative, innovative, brave, and be a step ahead in many areas that surround the sports industry.”

Furthermore, Laporta stated that the club plans to introduce a series of non-fungible tokens (NFTs) briefly. Laporta is optimistic that this project will be completed shortly, boosting the club’s profits.

It’s unclear what the soccer team intends to accomplish with its cryptocurrency; it might be a type of partner token or a way of paying for tickets and products. On the other hand, President Laporta assured supporters throughout the world that all would be revealed in due time.

FC Barcelona’s use of innovative technology to interact with fans is nothing new for the club. They have the Barça Studios, which produces and distributes audiovisual material. They also have an eSports squad that competes in a variety of tournaments.

FC Barcelona cuts ties with NFT Marketplace Ownix

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The popular football club, FC Barcelona, has canceled its deal with Ethereum-based top NFT marketplace Ownix. The deal was aimed to portray and honor 122 years of the football club and also, enhance the global exposure of the Club.

The NFT collection would include trophies from 95 domestic and international victories of FC Barcelona. The collection also included 26 national league and five UEFA Champions League titles NFTs. However, it seems that the deal has now fallen through.

The NFT collection was supposed to be launched in the first week of November but, there has been zero drops until now. The CEO of Ownix, Guy Elhanani, revealed that the deal also includes a few limited addition NFTs that will be released in the near future.

FC Barcelona canceled the deal

FC Barcelona canceled the deal with Ownix marketplace following the arrest of well-known Israeli crypto tycoon Moshe Hogeg. He was charged with crypto-related fraud and sexual assault. In a report by The Associated Press, it was reported that Hogeg has ties to Ownix, whose website is still promoting the NFT collection launch.

In light of information received today that goes against the Club’s values, FC Barcelona hereby communicates the cancellation of the contract to create and market NFT digital assets with Ownix with immediate effect.”

FC Barcelona said in a statement on its website.

As per reports from various outlets, the crypto mogul, who was behind many blockchain-based startups and the blockchain-based firm Sirin Labs, was arrested with seven other people who were his partners and employees. According to the statement in the local outlets, “eight suspects were arrested on suspicion of committing fraudulent offenses in the field of cryptocurrencies, amounting to hundreds of millions of shekels.”

Another post said that the Hogeg was arrested along with a family member at the office of the Premier League football club he owned, Beitar Jerusalem. His alleged ties with Ownix are responsible for FC Barcelona’s cancellation.

FC Barcelona to jump on the NFT bandwagon in partnership with Ownix

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Futbol Club Barcelona or FC Barcelona, the Spanish professional football club, is now entering the NFT industry with the goal to increase the club’s global outreach. The club has partnered with Ownix, an exclusive NFT marketplace. The goal behind debuting an NFT collection is to honor the huge history that lives with the club.

In their 122 years of existence, FC Barcelona has played historical matches, witnessed historical goals, and encouraged top-notch players as members. According to Wikipedia, the team has won 95 domestic and international trophies and competitions overall. One of the non-fungible tokens (NFT) will depict the illustration of these trophies, including 26 national league and five UEFA Champions League titles.

“The Club is constantly looking for new ways to connect with its fans, and we believe that creating these NFTs is a unique opportunity to continue growing and consolidating the Barça brand by bringing unique moments that have made Barça fans dream and FC Barcelona a well-known club on every level.”

The president of FC Barcelona, Joan Laporta

FC Barcelona NFT coming too late?

The debut NFT release by FC Barcelona will be coming up on 24th November as the countdown on the website of Ownix displays. But it seems that they are already very late as more than two dozen European clubs have their own NFT collections. In fact, the former star player of the team, Lionel Messi, who left the team for Paris St. Germain, has his own NFT collection.

According to Laporta, the creation of these NFTs will make “FC Barcelona a well-known club on every level.” While plenty of soccer clubs and leagues have entered the NFT sphere, National Basketball Association-based NFTs are also quite popular. Recently, we also witnessed the partnership between Sorare and Spain’s La Liga to become the first European soccer league to offer the NFTs of every player on the team.

As many athletes are releasing their own NFTs, celebrities from all spheres seem to be concentrating on the release of unique digital tokens.

Binance Is All Set To List FC Barcelona Fan Token [BAR] With 30% Discount

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Malta-based cryptocurrency exchange, Binance announced that it is all set to list FC Barcelona Fan Token [BAR] in its Innovation Zone.

According to the official press release, the exchange revealed that it was bringing another Launchpad subscription format to its standard listing process for FC Barcelona Fan Token [BAR]. This will enable the users to buy BAR tokens using Binance Coin [BNB] at a 30% discount prior to the trading start time.

Binance-FC Barcelona’s Token

The blog also read,

“Binance will list FC Barcelona Fan Token (BAR) in the Innovation Zone and open trading for BAR/BTC, BAR/BUSD and BAR/USDT trading pairs at 2021-04-21 11:00 AM (UTC). Users can start depositing BAR now in preparation for trading.”

Discount sale hard cap is $2,000,000 with 1 BAR being equivalent to 0.04512816 BNB. Moreover, hard cap per user is 112.10 BAR and 0.19% of total token supply or 74,735 BAR tokens are offered for the discount sale.

FC Barcelona Fan Token [BAR]

The FC Barcelona Fan Token [BAR] is a utility token that gives premier soccer club Barcelona Football Club fans a tokenized share of input on club decisions and workings using the Socios application and services. This digital token was offered by the club via a partnership with blockchain firm Chiliz. In short, the Barca fans holding these coins can utilize the token to buy football club merchandise and tickets.

Furthermore, 600,000 tokens were initially allocated to club fans through a Fan Token Offering from the total supply. Barcelona had previously made $1.3 million in sales after launching the fan token. The remaining tokens are held by the club and can be acquired by participating in community activities, and by purchasing directly on cryptocurrency exchanges.

Over the last couple of months, Binance had listed several tokens on its Innovation Zone. The exchange had launched the “Innovation Zone” in September last year to allow only select cohort users to trade new decentralized finance [DeFi] tokens. The main objective of rolling out this platform to filter out users based on their risk appetite.

FC Barcelona’s BAR Token Sale Reaches $1.3M Cap in Less than 2 Hours

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Earlier this week, the FC Barcelona soccer giants rolled out a new token sale that ended in less than 120 minutes. During the FC Barcelona’s BAR token sale, 600 000 tokens were sold at $2.26 each. Fans of the premier football club have acquired more than $1.3 million in tokens designed to give fans a voice in club management.

Fans of FC Barcelona were able to purchase tokens, dubbed Barca Fan Tokens, or $BAR, through the voting platform of the “Socios” club, or Chilliz. Chilliz refers to a token firm that deals explicitly with sports-related tokens. In part, the soccer club is run by a team of supporters who pay for it.

FC Barcelona’s BAR Token value skyrocketing

FC Barcelona’s BAR token price value surged within two days of the sale. During the launch, the tokens traded only €2 (~$2.26) apiece. However, the value had surged to around €5.7 ($6.40) before Wednesday. In addition, for the first 24 hours after the sale of the bar token by FC Barcelona, the total trading volume was only under $2.5 million. According to data shared by Chilliz, the value of the token is still 164 percent higher.

 

FC Barcelona's BAR Token Sale

European football giants have a strong global foothold of more than 300 million supporters around the world. This makes Barcelona one of the world’s most famous football clubs. The popularity of the football club is boosted by the exciting football brand; alongside having one of the best football players on the planet, Leonel Messi, in their ranks.

FC Barcelona to become the first billion-dollar football club

Messi’s rivalry with former Manchester United star Cristiano Ronaldo, who is the best player, is a highly debated topic worldwide. The two are the greatest players of all time, which triggers massive following of the players and their respective football clubs.

Furthermore, FC Barcelona is one of the most valuable football clubs globally alongside European heavyweights Real Madrid and Manchester United. According to a CNBC report, FC Barcelona is making good progress to become the first billion-dollar club after topping the Deloitte money league.

 

FC Barcelona Go The Crypto Route as Camp Nou Welcomes Chiliz

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Sports teams have always held massive influence over the masses and that feature has been utilized to the hilt over the years. As technology has improved, these teams have taken up the responsibility to bring the fans closer to them than ever.

FC Barcelona is the latest super team to bring about changes within its fanbase system with its partnership with Socios. The team with Messi as its main man will be wearing the symbol of Chilliz [CHZ] on the back of their shirts. 

Barcelona claimed that the partnership will elevate the relationship that supporters have with the club. The club functions with the motto ‘Mes Que Un Club’ and claimed that fans will now be able to contribute to the club’s functioning.

The Chiliz token will purely be for fan engagement and is anticipated to be created on the market throughout the second quarter of 2020. Once fans have the tokens, they will be able to choose features such as the song to be played after a goal. FC Barcelona believes that fans across the globe will be able to participate in this event and not just those who come to Camp Nou.

Fans will be required to download the Socios application and then buy Chiliz, the company’s native cryptocurrency. According to regulations, supporters will be issued 40 million tokens at the rate of 2 euros each. Alexandre Dreyfus, the Chief Executive Officer [CEO] of Socios stated that all proceeds with the token will go to Barcelona.

The Barca token will be built on Chilliz’s Proof of Authority Ethereum-based blockchain. The organization has admitted that they themselves will act as validators for the transactions.

The Socios official added that the Barca token can also be held in cryptocurrency wallets. Dreyfus added:

“We are really proud to launch the Barca token on the Chiliz blockchain platform. This is the ultimate goal and the best confirmation of our long term vision about fan engagement and monetization.”

Chiliz token first began working on Socios several months back and had witnessed 100,000 users during its trial runs. The fans will be issued the tokens based on the potential over five years. They have also decided to price the Barca tokens on the same model as the PSG token and the Juventus token.

Chiliz will only be available on Socios. com and Chiliz.net which will be the exclusive crypto exchange for entertainment tokens. The company will also enable casual trading soon with a focus on traders.