Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push
Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division of the club and will allow it to reshape the metaverse and Web3 strategies of the division to include more revenue streams. Socios.com to Invest in FC Barcelona Metaverse Division Sports clubs are now trying to diversify their revenue streams by getting into the metaverse, grabbing the....
Related News
Barcelona FC is kicking off new strategies in hopes of scoring big in the field of Web3. In view of the imminent financial crisis at the opening of the summer transfer season, the Barcelona board took some extreme measures, authorizing the sale of some of the club’s significant assets. Club president Joan Laporta said on […]
The appetite for blockchain-based fan tokens appears to be limitless amongst big-league soccer clubs across the globe. İstanbul Başakşehir, last season's winner of the Turkish Süper Lig, has joined the Socios platform and will launch its own fan token ($IBFK) by the end of 2020.$IBFK, like other fan tokens in the Socios ecosystem, confers voting rights and rewards upon holders and is designed to boost fan engagement, and to monetize various fan experiences, both on and offline.Token holders can vote in polls on club decisions and earn points that, once accumulated, can be cashed in in....
Telefonica, one of the largest communication companies in Spain, has decided to invest in Gamium, strengthening its metaverse push. The company will allocate a non-disclosed amount of funds to this metaverse initiative through Wayra, its innovation-based incubator arm. The company is also collaborating with Meta in the creation of a metaverse innovation hub for startups.
Telefonica To Invest In Spanish Metaverse Gamium
Metaverse initiatives have become popular for companies and VCs to invest in during this market downturn. Telefonica, one of the biggest communication companies in....
The FC Barcelona, a soccer club with a large fanbase in Spain and Europe, has revealed its plans to take advantage of the rise of the metaverse and NFTs in the cryptocurrency market. Joan Laporta, president of the club, explained how it plans to occupy all of these markets to bring more engagement from fans all over the world.
FC Barcelona Explores Growth Options
The FC Barcelona, one of the most influential soccer clubs in Spain and Europe, has announced its intention of expanding to new business areas that include metaverse and NFTs. The expansion’s objective is....
ASR, BAR and ACM posted double-digit rallies after the Socios fan token platform partnered with UEFA to bring NFTs and other redeemable perks to European football fans. Nonfungible tokens (NFTs) continue to see increased utilization as the possible applications of the technology have begun to be recognized in sectors ranging from sports entertainment to real estate.One subsector of this market that has seen a spike in momentum on Feb. 28 are fan token projects, protocols that allow their holders to participate in the governance of their favorite sports brands and receive specialized NFTs....