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FC Barcelona plans to create its own cryptocurrency

2022/03/01 11:51

Spanish soccer giant FC Barcelona wants to create its own cryptocurrency, its president Joan Laporta has said, according to a report by ESPN. The club has rejected offers to be associated with crypto enterprises because it wishes to develop its own cryptocurrency and its own metaverse, Joan Laporta said at Mobile World Congress in Barcelona. Unlike the majority of major soccer clubs, Barcelona is owned and operated by its fans. Governance of the club is built around 160,000 members rather than shareholders. Laporta said the club will launch a range of non-fungible tokens (NFTs) in the near future, following plans initially announced last November. It is unclear at this point what Barcelona's crypto would be used for.
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