FC Barcelona and Blockchain-Based Token

Football and crypto industry

FC Barcelona is a famous football club. In addition, the fourth most important sports team in the world. Lionel Messi and his teammates have won many titles. It is not surprising that FC Barcelona makes a lot of money. The world-famous club recently created a blockchain-based token for the sports franchise in collaboration with the fintech platform Chiliz.

Chiliz created Barca Fan Tokens (BRT) for its social, mobile app called Socios.

The CEO and founder of Chiliz and Socios, Alexandre Dreyfus, commented on this news. According to Dreyfus, they are proud to launch this project on the Chiliz blockchain platform. He referred to Chiliz & # 39; blockchain based on Ethereum.

It is worth noting that Chiliz started working on Socios a few months ago. In addition, 100,000 users have tested this platform. The platform is currently no longer in beta.

Fans and interested parties can spend the asset on products and events. Fans have the option to receive BARs as a reward for participating in Socios.

In addition, crypto projects are becoming increasingly popular among football clubs. For example, the Italian football club Juventus and the French football organization Paris Saint-Germain also have their tokens.

These assets are valued against Chiliz & # 39; native token CHZ.

As in the case of PSG and Juventus, Barcelona's tokens are based on Chiliz & # 39; blockchain-based blockchain as the ERC-20 token.

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Another news related to crypto comes from the United States. According to the information, the Internal Revenue Service has clarified its position regarding the tokens. The IRS pulled confusing language from its definition of the virtual currency.

This means that the owners do not have to worry about this issue. As a reminder, tokens are operated in "closed" digital economies. Players typically use such assets for in-game purchases. Occasionally, game developers can withdraw their tokens. However, game companies are already submitting such transactions.

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