FC Barcelona sold 25% of the shares of Barça Studios to Chiliz (CHZ) for 100 million euros.

Chiliz (CHZ), the company behind Socios.com, has acquired a 25% stake in FC Barcelona’s audiovisual studio, which mainly handles projects related to the metaverse and non-fungible tokens (NFTs) in the club. Socios.com can thus be the reference partner to support Barça in its journey towards Web 3.0.

https://cryptoast.fr/fc-barcelona-cede-25-parts-barca-studios-chiliz-100-millions-euros/

Chiliz (CHZ) invested 100 million euros in Barca

The Spanish football club FC Barcelonathe most famous in Europe, for sale 25% of the shares of his audiovisual studio Barça Studios to Chiliz (CHZ), the company behind Socios.com. The club hopes finance the summer transfer window while bailing out its coffers.

This announcement follows the sale of La Liga TV rights to the Spanish club with the American investment fund Sixth Street last month for 400 million euros. This move was then announced as a ” significant increase in financial stability ” through Joan Laportathe president of Barça.

In fact, in August 2021, he already revealed that the club owes more than 1.3 billion eurosincluding 673 million from different banks, which is also the cause of Lionel Messi’s departure after more than twenty seasons with the club. The legendary Argentinian player has since become an official Socios.com ambassador after a partnership that was established in April.

For its part, Socios.com is on it sixth partnership with Spanish La Liga teams. This is not the first collaboration on the platform with FC Barcelona, ​​​​​​​​​​​because it already hosts the fan token BARwhich allows its holders to get closer to their favorite club in a unique way.

👉 Read: Fan tokens – cryptocurrencies designed for the world of sports

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A Web3-oriented strategic investment

In line with this 9-figure financial investment, Socios.com will thus be the reference partner for club development within Web 3.0especially through non-fungible tokens (NFTs), digital assets and anything related to blockchain technology.

Therefore Socios.com will bring its recognized knowledge to Barça Studios, which has already launched several related projects in the metaverse and NFTsto consolidate digital engagement with the club’s fans by offering them quality products.

Without specifying exactly what it is, the press release announced that the focus on the development of the BAR fan token international beyond the ecosystem specific to Socios.com.

The club hopes to impress new blockchain and Web 3.0 partners depend on Chiliz Chain 2.0a blockchain dedicated to sport and entertainment, which in particular allows brands to create and develop products around decentralized finance (DeFi) and Play-to-Earn games, all powered by its native token CHZ.

As the bear market continues its work, Socios.com continues to growespecially through the recent partnership with Benficathe most important football club in Portugal, but also in other sports like rugby or basketball especially in the NBA.

👉 Related: Blockchain game Sorare joins Lega Serie A, Italy’s top football division

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Source: Socios.com

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