Sports tokens
FC Barcelona is looking to develop a metaverse and an in-house crypto coin
The Spanish club’s president revealed this week plans to create a unique cryptocurrency Barca previously rejected sponsorship offers from several crypto brands, including Polkadot La Liga football giants FC Barcelona wants to develop its standalone crypto coin, according to recent remarks from its president Joan Laporta. Sports news outlet ESPN reported this week that the club aims to raise funds via the project so as to remain afloat. The Blaugrana has struggled financially over the past few years due to the mismanagement of funds by the previous hierarchy. “We want to create our own cryptocurrency and we have to do that ourselves. We are different because we survive financially from what we can generate through the industry of sport,” Laporta said during this year’s edi...
Red Bull Racing Team scores a $150M multi-year deal with Bybit exchange
The multi-year agreement defines Bybit as a Principal Team partner As the ‘new’ Tech Incubator Partner, Bybit will push for sustainability, diversity, and inclusion The Red Bull Racing Formula 1 team revealed on Wednesday that it reached a $150 million agreement with Singapore-based crypto exchange Bybit. The deal is expected to run for three years, with the funding split evenly at $50 million annually. According to the press release, the deal also marks the “single largest per-annum cryptocurrency venture” within the international sporting space. Bybit will join the team as a principal team partner – a newly-introduced level of partnership for the team. Among other activities, the exchange will also become the sole cryptocurrency exchange partner and Oracle Re...
