David – Cryptocurrency Enthusiast
In a significant development, the renowned Spanish soccer club FC Barcelona has successfully secured a substantial investment of 120 million euros ($132 million) for its foray into the world of blockchain and Non Fungible Tokens (NFTs). The club's interest in crafting collections of nonfungible tokens has been evident over the past year, reflecting its determination to embrace innovative technologies.
The investment stems from Libero Football Finance AG and Nipa Capital B.V., with FC Barcelona announcing the partnership on August 11th. This collaboration signifies a major step forward for FC Barcelona's Web3 initiative, known as Barça Vision. As a component of this agreement, FC Barcelona has ceded a 29.5% ownership interest in Bridgeburg Invest, the overseeing entity of Barça Vision, in return for the considerable infusion of capital.
Barça Vision encapsulates FC Barcelona's ambitious plan to integrate an array of digital content within the realms of Web3 and blockchain, encompassing elements such as NFTs and the metaverse. These initiatives are intricately woven into the club's broader strategy to construct the digital Espai Barça.
Libero Football Finance AG, a publicly listed company in Germany, is renowned for its financial consultancy services for soccer clubs. Meanwhile, Nipa Capital B.V., a venture capital firm headquartered in the Netherlands, brings its expertise to the partnership. It is worth noting that the success of this transaction hinges on the approval of FC Barcelona's shareholders, with the anticipated closing date set for the fourth quarter of 2023.
The collaboration with Chiliz blockchain since February 2020 has been instrumental in FC Barcelona's journey into the blockchain arena. This strategic partnership has paved the way for the creation of FC Barcelona Fan Tokens (BAR), based on the Ethereum platform, offering fans unique engagement opportunities with their beloved sports franchise.
Chiliz's involvement further intensified in August 2022, when it acquired a noteworthy 24.5% stake in FC Barcelona's digital content creation arm, Barça Vision, investing a substantial $100 million.
The club's venture into the NFT coins realm materialised with the launch of its inaugural NFT crypto collection, aptly named "Unleash Your Passion," in May. Comprising 3,000 animal-themed NFTs, each priced at $30, the collection serves a dual purpose—enthusiastic participation by fans and contributing to environmental sustainability, with the club pledging to remove 35,000,000 kilograms of plastic from the planet.
Further establishing its NFT market presence, FC Barcelona made waves by auctioning the NFT masterpiece "Masterpiece #1 In A Way" at a Sotheby's New York event in July 2022, fetching an impressive $693,000. The momentum continued with the sale of the second piece in the series, "Masterpiece #2 - Empowerment," on OpenSea in June 2023, commanding a price of $300,231.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards