The Barcelona Athletics Membership – in any other case often known as Barca or Barcelona FC – is looking to establish its own cryptocurrency so it has a preventing likelihood towards overseas buyers and company golf equipment.
Barca Is Headed for the Crypto House
President Joan Laporta defined on the Cellular World Congress that he’s additionally seeking to launch a brand new string of non-fungible tokens (NFTs) to bolster the membership’s presence within the crypto business. Whereas Barca has turned down a number of alternatives to hook up with crypto corporations and set up main partnerships, he stated that it’s the membership’s objective to ultimately create its personal digital foreign money line to make sure independence and sovereignty on the planet of sports activities.
He said in an interview:
We’re growing our personal metaverse, [which is why] we rejected the possibility to be related to any cryptocurrency enterprises. We wish to create our personal cryptocurrency, and we have to do this ourselves. We’re completely different as a result of we survive financially from what we will generate by the business of sport. We shouldn’t have large firms or shareholders behind us. That forces us to be imaginative, revolutionary, courageous, and be a step forward in lots of areas that encompass the sports activities business.
As well as, he believes that Barca can broaden its income circulation by shifting into the crypto area. The supply of NFTs will enable followers and merchants to extend their wealth by buying gadgets that give them direct possession rights with the membership. He commented:
It’s one thing we will share with our followers around the globe — round 300 million of them. I might announce one thing else, however I have to be prudent as a result of it’s nonetheless confidential. The gamers know what we’re engaged on, that this can be a fashionable membership that makes use of latest media. There are clauses of their contracts associated to the NFT world and the metaverse.
This isn’t the primary time Barca has labored to enter the NFT area. Final November, the membership introduced a contract with Ownix, a crypto market. The contract was later cancelled after the corporate’s advisor Moshe Hogeg was arrested on fraud fees. On the time, Barca put out the next assertion:
In mild of data obtained at this time that goes towards the membership’s values, FC Barcelona hereby communicates the cancellation of the contract to create and market NFT digital belongings with Ownix with quick impact.
Russell Okung Is a Pioneer
The worlds of sports activities and crypto have gotten one and the identical in some ways. A number of soccer gamers, for instance, have begun accepting their salaries in crypto. This was a trend arguably started by Russell Okung, a former soccer participant for the Carolina Panthers.
In early 2021, Okung introduced that he was going to be changing at the very least half of his $13 million+ wage into bitcoin, claiming the asset supplied monetary independence from third-party establishments seeking to take over individuals’s lives.