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HomeTechFC Barcelona Terminates NFT Deal With Ownix After Fraud Allegations

FC Barcelona Terminates NFT Deal With Ownix After Fraud Allegations


FC Barcelona, one of many largest soccer golf equipment on this planet by income, has determined to cancel a deal penned earlier this month with non-fungible token (NFT) market Ownix after the arrest of Israeli crypto mogul Moshe Hogeg — a marketing consultant for the NFT market. The termination got here within the type of a brief assertion from the membership by way of its web site, simply days earlier than the membership’s first NFT assortment public sale was scheduled on the platform. FC Barcelona claims that the termination of ties with Ownix is in place with speedy impact.

The police arrested Moshe Hogeg, who reportedly has ties to Ownix, on suspicion of involvement in an alleged huge fraud associated to cryptocurrencies. He was arrested together with seven different individuals. Hogeg occurs to be the co-founder of Sirin Labs — the identical firm that had launched the much-hyped blockchain smartphone in 2019, and in addition the proprietor of Israeli soccer membership Beitar Jerusalem.

FC Barcelona’s cancellation assertion learn, “In light of information received that goes against the club’s values, FC Barcelona hereby communicates the cancellation of the contract to create and market NFT digital assets with Ownix with immediate effect.”

In response to the cancellation, Ownix issued an announcement distancing the corporate from Hogeg and stating the ‘incidents’ occurred years in the past. It claims that it has terminated its consulting settlement with Hogeg, apparently at Hogeg’s request. While sources inside FC Barcelona declare that Hogeg was solely an “external advisor” for Ownix, the NFT market refrains from stating if Hogeg held ICO (preliminary coin providing) tokens named ONX which was created in late July.

​FC Barcelona’s cope with Ownix concerned the launch of NFTs centered on enhancing its monetary footing whereas enhancing connections with its world fanbase. The collection was set to characteristic digital trinkets of historic moments from the membership’s 122-year historical past, which incorporates an illustrious trophy cupboard that options 95 home and worldwide laurels, together with 26 home league titles and 5 UEFA Champions League titles.

Although the membership and people over at Ownix hasn’t penned down a correct plan, the membership wished to permit followers to bid on clips of highlights in on-line auctions enabled by way of Ownix’s personal market. Fans have been then alleged to bid on the membership’s most iconic occasions over the 12 months caught on digicam to have a chunk of footage for themselves. Ownix, in the meantime, had acknowledged that the Barcelona NFTs could be chosen by a “special joint committee” after which minted, first as distinctive one-off auctions and later as a broader assortment.

Football manufacturers and golf equipment with huge world fanbases have been exploring NFTs as a means of producing earnings and rising fan engagement. In September, Spain’s La Liga turned the primary of Europe’s high soccer leagues to supply NFTs of all its gamers by way of French digital soccer collectables platform Sorare. Other European golf equipment in Porto, AS Roma, and Liverpool have beforehand introduced NFT offers too.


Interested in cryptocurrency? We talk about all issues crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is out there on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.





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