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


Socios.com, a company dedicated to developing fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of FC Barcelona soccer team, Barca Studios. The investment will give Socios.com a 24.5% stake in the club’s digital division and allow it to reshape the division’s metaverse and Web3 strategies to include more revenue streams.

Socios.com invests in FC Barcelona Metaverse

Sports clubs are now trying to diversify their revenue sources by entering the metaverse, attracting the attention of venture capital firms in the process. Socios.com, a company that designs fan engagement tools for sports clubs, has announced that it will do so invest $100 million in the metaverse, NFT and Web3 division of FC Barcelona, ​​called Barca Studios.

With the investment, Socios.com will acquire a 24.5% stake in the said company, as the club announceIt will allow it to “accelerate the club’s audiovisual, blockchain, NFT and Web3 strategy.” This capital inflow will allow the company to focus on developing new products that incorporate these new technologies to build new long-term revenue streams.

According to Socios.com, Barca Studios will now have access to Chilliz Chain, a new blockchain that will allow developers to issue NFTs and fan tokens, build challenge products and play2earn games.

Alexander Dreyfus, CEO of Socios, stated:

Barca Studios can now leverage our technology, expertise and global reach to help spread the club’s Web3 content strategy and deliver new, long-term revenue streams that will benefit the club in the coming seasons.

As a result of this announcement, the official dollar bar price Code barcelona football club, Has risen By nearly 50%, from $5 to $7.20. The fan code allows owners to express their opinion on certain decisions via the Socios.com voting app.


Metaverse Growth Opportunities

The football club has been fascinated by metaverse technology and new technologies such as NFTs since earlier this year, when it announced the launch of a unit dedicated to product development in the region. At the time, FC Barcelona president Joan Laporta stated that his digital focus was a very important part of his growth strategy.

Laporta said:

We want to create new opportunities for growth. Our goal is to win titles and make our fans happy, but we also have to take advantage of opportunities in the sports industry. It is a matter of survival.

What do you think of Socios.com’s investment in Barca Studios? Tell us in the comments section below.

Sergio Goshchenko

Sergio is a crypto journalist based in Venezuela. Describing himself as a latecomer, he got into the crypto world when the price spike occurred during December 2017. Because he has a background in computer engineering, lives in Venezuela, and is influenced by the cryptocurrency boom on a social level, he offers a different perspective on the success of crypto and how it helps people. Those who do not deal with banks are disadvantaged.

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