Barcelona FC And Socios.com Sign $100 Million Deal For Web3 Push
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 […]
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Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division of the club and will allow it to reshape the metaverse and Web3 strategies of the division to include more revenue streams.
Socios.com to Invest in FC Barcelona Metaverse Division
Sports clubs are now trying to diversify their revenue streams by getting into the metaverse, grabbing the....
The appetite for blockchain-based fan tokens appears to be limitless amongst big-league soccer clubs across the globe. İstanbul Başakşehir, last season's winner of the Turkish Süper Lig, has joined the Socios platform and will launch its own fan token ($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....
In a further sign of mainstream acceptance, Inter Milan has announced Socios, which operates on the Chiliz blockchain, as its new main shirt sponsor. This ends a 26-year partnership with outgoing main sponsor Pirelli. Part of the Socios deal will see the launch of the new fan token, $INTER. The club hopes this will boost […]
Less than a year after signing a new club deal with PSG that included club fan tokens, international sports star Lionel Messi has signed a major multi-year, $20 million deal with fan token platform Socios. It’s the latest in athlete engagement in crypto to make major headlines, after North American sports stars like Steph Curry, […]
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....