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Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push – Bitcoin News

Socios.com, a company devoted to the event of fan engagement tokens for sports activities organizations, has revealed that it’ll make investments $100 million in the digital business of soccer crew FC Barcelona, Barca Studios. The funding will give Socios.com 24.5% of the stake in the digital division of the membership and can permit it to reshape the metaverse and Web3 methods of the division to incorporate extra income streams.

Socios.com to Invest in FC Barcelona Metaverse Division

Sports golf equipment at the moment are attempting to diversify their income streams by stepping into the metaverse, grabbing the eye of VC companies in the method. Socios.com, a company that designs fan engagement instruments for sports activities golf equipment, introduced it should invest $100 million into the metaverse, NFT, and Web3 division of the soccer membership FC Barcelona, referred to as Barca Studios.

With the funding, Socios.com will obtain a 24.5% stake in the talked about company, because the membership announced, and it’ll permit it to “accelerate the club’s audiovisual, blockchain, NFT and Web3 strategy.” This capital inflow will permit the company to give attention to creating new merchandise that embrace these new applied sciences to build new long-term income sources.

According to Socios.com, Barca Studios will now have entry to its Chilliz Chain, a brand new blockchain that may permit builders to situation NFTs and fan tokens, and build defi merchandise and play2earn video games.

Alexandre Dreyfus, CEO of Socios, acknowledged:

Barca Studios can now leverage our technology, experience, and international scale to assist roll out the Club’s Web3 content material technique and ship new long-term income streams that may profit the membership for seasons to come back.

As a results of this announcement, the worth of $BAR, the official token of FC Barcelona, rose by near 50%, going from $5 to $7.20. The fan token permits holders to have a say in sure choices through the Socios.com voting app.

Metaverse Growth Opportunities

The soccer membership has been captivated by the metaverse and new applied sciences like NFTs since earlier this year, when it introduced the launch of a devoted unit to develop merchandise in the world. At the time, Joan Laporta, president of FC Barcelona, acknowledged that its digital focus was a really important a part of its development technique.

Laporta acknowledged:

We need to generate new alternatives for development. Our purpose is to win titles and to make our followers completely happy, however we additionally must revenue from alternatives in the sports activities trade. It is a matter of survival.

What do you concentrate on Socios.com’s funding in Barca Studios? Tell us in the feedback part beneath.

Sergio Goschenko

Sergio is a cryptocurrency journalist based mostly in Venezuela. He describes himself as late to the sport, getting into the cryptosphere when the worth rise occurred throughout December 2017. Having a computer engineering background, dwelling in Venezuela, and being impacted by the cryptocurrency growth at a social stage, he gives a unique standpoint about crypto success and the way it helps the unbanked and underserved.

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