Spanish soccer membership FC Barcelona has secured a 120 million euro ($132 million) funding from Libero Soccer Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Imaginative and prescient.

Based on the Aug. 11 announcement, FC Barcelona bought a 29.5% stake in Bridgeburg Make investments, the holding firm for Barça Imaginative and prescient, in alternate for the capital. “Barça Imaginative and prescient is the Membership’s initiative to combine all digital content material round Web3 and blockchain together with NFTs and metaverse, that are a part of the Membership’s technique to construct the digital Espai Barça,” builders wrote.

Libero is a publicly listed firm in Germany consulting soccer golf equipment on monetary issues. Nipa Capital is a enterprise capital agency domiciled within the Netherlands. The transaction is topic to the approval of FC Barcelona shareholders and is predicted to shut in This autumn 2023.

Since February 2020, FC Barcelona has partnered with the Chiliz blockchain to create Ethereum-based FC Barcelona Fan Tokens (BAR) for its sports franchise. In August 2022, Chiliz announced it had purchased a 24.5% stake in FC Barcelona’s digital content creation arm, Barça Vision, for $100 million. 

In May, FC Barcelona launched its first inaugural NFT collection with Plastiks. Dubbed “Unleash Your Passion,” the collection features 3,000 animal-themed NFTs at a price of $30 each that the club says will contribute to “removing 35,000,000 kilograms of plastic from our planet.”

Subsequently, in July 2022, the football club sold its first NFT, “Masterpiece #1 In A Way” at Sotheby’s New York auction for $693,000. The second collectible in the series, “Masterpiece #2 – Empowerment,” was sold on OpenSea on June 28, 2023, for $300,231.