Social Token Platform Inks $100,000,000 Deal With Famous Soccer Team FC Barcelona

On July 1st, SOL closed at $32.80. The high-performance blockchain is currently selling for $42.76 at the time of writing.

One of the biggest sports companies in the world has agreed to a contract to explore cryptocurrency further.

One of the largest soccer teams in the world, FC Barcelona, is offering a 24.5 percent ownership in Barca Studios to social token platform for $100 million.

Barça Studios is driving FC Barcelona’s digital strategy to provide initiatives that engage, reward, and forge links with its worldwide following. The Club also leads the production of NFTs [non-fungible tokens] and metaverse projects. The new relationship will improve the Club’s capacity to provide fans with valuable digital goods and create new, long-lasting, sustainable revenue sources.

The FC Barcelona Fan Token (BAR), which created in 2020 and has since sold over $39 million worth of, was the first step in the company’s partnership with Barcelona.

Despite a hectic summer in which they added numerous costly superstars, Barcelona is presently over $1 billion in debt.

Social Token Platform Inks $100,000,000 Deal With Famous Soccer Team FC Barcelona 2

Supporters of the team had been anticipating such a deal from FC Barcelona President Joan Laporta for months in order to comply with La Liga’s complex financial fair play rules.

Barcelona is one of the six La Liga teams that is currently affiliated with.

a symbol of fan involvement The infrastructure is provided by Chiliz (CHZ). To increase fan engagement, Chiliz is a platform for tokenizing sports and esports. On the Chiliz platform, the CHZ token is the only accepted method of payment.

The token is used to transfer value and pay for products and services. Users may also take part in polls and other activities relating to sports clubs and teams as well as decision-making.

With a 14.3 percent increase over the previous day, CHZ is responding well to the news.

BAR is up 17% so far today.

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