Chiliz CHZ jumps 25% on Socios, FC Barcelona partnership

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Chiliz (CHZ) cryp­tocur­ren­cy jumped as much as 25% on Mon­day evening in Asia after announc­ing a US$100 mil­lion invest­ment in FC Barcelona’s Barça Stu­dios for a 24.5% stake in the soc­cer club’s dig­i­tal con­tent and dis­tri­b­u­tion hub.

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Fast facts

  • Under the part­ner­ship, Socios.com and Chiliz will become the tech­nol­o­gy part­ner to boost the club’s blockchain, non-fun­gi­ble tokens (NFT), dig­i­tal assets and Web3 strate­gies, Chiliz said in a blog post on Monday.
  • Chiliz is the cryp­tocur­ren­cy of the sports and fan engage­ment plat­form Socios.com.
  • The new invest­ment builds on an exist­ing part­ner­ship that began in Feb­ru­ary 2020 with the launch of the FC Barcelona fan token (BAR) on Socios.com. 
  • Socios.com has part­nered with six La Liga teams since 2019 to deliv­er blockchain and cryp­tocur­ren­cy-pow­ered fan engage­ment to the sports industry. 
  • Socios.com is also devel­op­ing Web3 ini­tia­tives and cryp­to-fueled fan engage­ments for oth­er major sport­ing leagues includ­ing the Nation­al Bas­ket­ball Asso­ci­a­tion (NBA) and the Nation­al Foot­ball League (NFL). 

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