FC Barcelona secures €120 million investment for Barça Vision
Spanish football club FC Barcelona has announced a €120 million ($132 million) investment for its Web3 initiative Barça Vision. The investment comes from Libero Football Finance AG and Nipa Capital B.V., who have acquired a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision.
- FC Barcelona sells 29.5% stake in Bridgeburg Invest for €120 million
- Barça Vision integrates digital content around Web3 and blockchain
- Libero Football Finance AG and Nipa Capital B.V. provide the investment
- The transaction is subject to FC Barcelona shareholder approval
- The deal is expected to close in Q4 2023
Barça Vision is FC Barcelona’s initiative to integrate all digital content related to Web3 and blockchain, including nonfungible tokens (NFTs) and the metaverse. The aim is to build the digital Espai Barça, the club’s strategy for the future.
This investment follows FC Barcelona’s partnership with Chiliz blockchain to create Ethereum-based BAR fan tokens. The club also launched its first NFT collection in May 2023, contributing to environmental efforts by removing plastic from the planet. In July 2023, FC Barcelona sold its first NFT masterpiece at Sotheby’s New York auction.
Hot Take: FC Barcelona secures significant investment for its Web3 initiative Barça Vision, signaling the growing interest in blockchain and NFTs within the sports industry.
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