Debt-laden FC Barcelona begins selling NFTs

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FC Barcelona, certainly one of soccer’s largest golf equipment, is auctioning off NFTs “based on some of the club’s historic moments.” Details are scarce for now, nevertheless it seems as if the membership will permit followers to bid on clips of highlights in a method much like that of NBA Top Shot. The transactions will happen by Ownix, a brand new Ethereum-based market which can provide auctions for digital trinkets in a wide range of classes. The company says that the Barcelona NFTs can be chosen by a “special joint committee” after which minted, first as distinctive one-off auctions, after which later as a broader restricted version or assortment. Ownix, which is rising from stealth with this announcement, presently has a reasonably restricted number of objects to buy, together with some Squid Game and Batman-themed fan artwork, plus whatever the hell this is. 

Barcelona’s choice to start selling NFTs could have been prompted by the debt disaster the membership is presently in, with money owed reported round $1.56 billion this summer season. The membership’s earlier management is accused of reckless spending on a lot of gamers on excessive wages which have subsequently underperformed. This summer season, the membership was compelled into a fireplace sale and, as a consequence of guidelines on how huge its wage invoice may very well be, was unable to retain Lionel Messi, one of many world’s most profitable gamers. That NFTs are, basically, the definition of money for outdated rope, means that it is the kind of monetary alternative a membership like Barcelona are incapable of turning down proper now. 

The membership is not alone in leaping feet-first into the cryptocurrency mire, with many main names providing “Fan Tokens” by Socios. That company affords golf equipment the flexibility to mint their very own cash and use it to run engagement schemes with their followers. But, in contrast to actual socios — the Spanish phrase for the members who personal an actual possession stake of their membership — these tokens will solely mean you can participate in polls set out by the membership’s management, enter competitions, and so forth. But regardless of the plain limitations, Socios is already making money, and when France’s Paris Sant-Germain signed Lionel Messi, a part of his “welcome package” was a bundle of these tokens, believed to be price (on the time) as much as $34 million.

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