Luftstalag14
Culé de Celestial Empire
Barcelona announces the sale of 24.5% of Bar?a Studios to the company Socios.com for 100 million euros to accelerate the club’s audiovisual, blockchain, NFT and Web.3 strategy.
What does this last part even mean?!
Blockchain and all the fancy web stuff like NFT and metaverse, essentially. A popular bandwagon that a lot of clubs have jumped on, but will have to see how much money they can actually generate.
From the perspective of our first NFT auction, it was not bad. And it looks like the club sees a rather optimistic prospect for this line of business and what Barca Studios can generate.
What I don't know is what exactly the role of Socios.com is in the future business of Barca Studios, from the article of 2Playbook it seems they will collaborate with the club on all those fancy Web 3 stuff and we will share profit with them. Perhaps they can help us further develop stuff like NFT and blockchain etc., however the club will have the control of the audiovisual content production part of Barca Studios. I suppose that's both good (we are in control) and bad (we need more entertainment industry experts with expertise in the area to develop further).
I hope they will find a way for a buyback.
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