It has been rumored that FC Barcelona will be launching its cryptocurrency and NFTs. FC Barcelona president, Joan Laporta, has declared the membership plans to launch its personal cryptocurrency and non-fungible tokens (NFTs) in a bid to compete with various main European soccer golf equipment backed by overseas buyers and sovereign wealth funds.
The membership has been an honest critic of the ‘unsustainability’ of European football. It was a view that led to it turning into a founding member of the failed European Tremendous League experiment final 12 months and has tolerated well-publicized financial points over the previous 12 months.
Laporta believes that this present technology development will help the major club compete with the other cryptocurrency holders. They are ready to make use of its history and legacy while engaging a worldwide fan base that may never get the chance to visit the club’s glorious Camp Nou Stadium.
While Laporta was speaking at Mobile World Congress (MWC), he made comparable arguments about sustainability in the significant occasion for the cell trade within the Catalan capital. Laporta argued that digital innovation may very well be a manner for Barcelona to compete highly with well-funded rivals
Laporta further stated how capable they should be in acquiring the same resources as their competitors, that the problem is attributed to the fact that it is difficult to compete when the rules are not the same for all of them. For this reason, some clubs are struggling for decisions thought not too far.
Laporta argued that new applied sciences would allow the membership to control its historical past and heritage to contend with this new cash, whereas taking part in a world fan base that will by no means step foot within the membership’s fabled Camp Nou Stadium.
In this article, we are going to know whether or not Barcelona wants to launch its own cryptocurrency and NFTs. The following points will help you determine the truth of this whole rumor.
Barcelona to Develop their Own Metaverse
Currently, NFTs and cryptocurrency are an expanding market with several crypto coin industries that offered to be Barca’s main sponsors for the upcoming season. However, the Catalans decided to go with Spotify as their main sponsor.
They have now made public their plans to make their own currency in the form of a metaverse. This was announced to be the reason they refused to be associated with any cryptocurrency enterprises.
Since NFTs will go up in value after each sale, the tokens could be very successful for the club. As the club makes money from the sale of the tokens, so do the buyers if a particular token they bought rises in value.
Why the Sudden Decision by FC Barcelona
Barcelona is believed to have the ability to acquire the same resources as its opponents. The club is constructing its metaverse and Web3 but still will not partner with cryptocurrencies.
While Laporta was speaking, he outlined his vision at the Mobile World Congress in Barcelona this week, with the club now taking steps to own a metaverse created with digital assets unique to the Blaugrana brand.
Therefore, the 59-year-old Laporta said that because the club is developing its own metaverse they rejected the opportunity to be associated with any cryptocurrency enterprises.
They decided to create their own and they want to do it by themselves. The club is different because they survive financially from what they can generate through the sports industry.
The club is being brave, imaginative, and innovative to take a step ahead in several areas that surround the sports industry since they don’t have large corporations or shareholders in their support.
Barcelona Eager to Tap into the International Market
Soon after Laporta returned to Camp Nou, Barca posted record-breaking debts in excess of €1 billion. The club since had to reduce the number of their first-class players including all-time top scorer, Lionel Messi, in order to offload their wage bill.
The Blaugrana are now analyzing means to monetize the supporters that follow the club across the world to boost their financial status, including their cryptocurrency venture added by Laporta.
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