FC Barcelona and Real Madrid submit a joint Metaverse trademark application

Real Madrid and FC Barcelona, the two largest soccer teams in Spain, submitted a joint Metaverse trademark application recently.
Real Madrid and FC Barcelona, the two largest soccer teams in Spain, submitted a joint Metaverse trademark application recently.

Real Madrid and FC Barcelona, the two largest soccer teams in Spain, submitted a joint Metaverse trademark application recently. The teams intend to offer their fans goods like crypto transaction management software and virtual reality gaming.

Despite their great competition on the football field, FC Barcelona and Real Madrid have made the decision to enter the cryptocurrency space. Nearly a week ago, the clubs submitted an application for a Metaverse trademark, but lawyer Mike Kondoudis just recently confirmed the information.

Virtual reality, cryptographic software for controlling cryptocurrency transactions, and downloadable software for use as an e-wallet are some of the services they aim to offer.

Given that the two teams represent utterly different values, the collaborative effort might be viewed as a surprise. While Real Madrid is associated with the royal family and represents traditional Spanish culture, FC Barcelona is a representation of the Catalan region. One of the biggest matches in soccer is the passion match between the two clubs, known as “El Clasico.”

FC Barcelona and its connections in the crypto industry

Notably, FC Barcelona chose to enter the cryptocurrency world in November last year. At the time, it collaborated with Ownix, an NFT marketplace, with the goal of presenting historical moments from its history as digital collectibles.

However, soon after Ownix executive Moshe Hogeg was accused of fabricating paperwork and sexual assault, Barcelona canceled the agreement.

Soccer giants other than the Spanish ones have also used this approach. The English Crystal Palace requested the launch of crypto marketplaces, virtual clothing, and NFTs in June 2022.

Crystal Palace recently joined the metaverse bandwagon as well. In order to introduce NFT-authenticated media, digital trading cards, virtual footwear and clothing, online marketplaces for digital assets, and other things, it submitted trademark applications for cryptocurrency and the Metaverse.

A few days back, as TheCoinRise reported, British football club Oxford City announced a partnership with CoinCorner to adopt Bitcoin as a payment method.