Spanish football club FC Barcelona has received €120 million ($132 million) in investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision, Cointelegraph reported.
According to an announcement on August 11, FC Barcelona sold its 29.5% stake in Bridgeburg Invest, the holding company of Barça Vision, in exchange for the funds. Barça Vision is the club’s initiative to integrate all digital content around Web3 and blockchain, including NFTs and the Metaverse, as part of the club’s strategy to build a digital Espai Barça.
The transaction is subject to approval by Barcelona shareholders and is expected to close in the fourth quarter of 2023.
