Home » FC Barcelona Secures $132M Funding For Blockchain And NFT Initiative By CoinTelegraph

FC Barcelona Secures $132M Funding For Blockchain And NFT Initiative By CoinTelegraph

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FC Barcelona Secures $132M Funding For Blockchain And NFT Initiative By CoinTelegraph

© Reuters. FC Barcelona secures $132 million in funding for blockchain and NFT initiative

The Spanish football club FC Barcelona got a financing of 120 million euros ($132 million) from Libero Football Finance AG and Nipa Capital BV. for its Web3 initiative, Barca Vision.

According to the August 11 announcement, the‘FC Barcelona has sold a 29.5% stake in Bridgeburg Invest, the holding company of Barça Vision, in exchange for the capital. “Barça Vision is the club’s initiative to integrate all Web3 and blockchain-based digital content, including NFT and metaverse, which are part of the club’s strategy to build digital Espai Barça,” the developers wrote.

Libero is a German-listed company that advises football clubs on financial matters. Nipa Capital is a venture capital firm based in the Netherlands. The transaction is subject to FC Barcelona shareholder approval and is expected to close in Q4 2023.

Read the full text on Cointelegraph

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