FC Barcelona is going through scrutiny after asserting a $22 million sponsorship settlement over three years with Zero-Data Proof (ZKP), a cryptocurrency firm primarily based in Samoa.
The agency, which is comparatively new to the market, has grow to be the focal point following questions on its legitimacy and background.
Former membership board member Xavier Vilajoana described the partnership to the Monetary Instances as a mirrored image of economic “desperation”.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
What’s Impermanent Loss in Crypto? (Defined With Animations)
He pointed to a number of “crimson flags” surrounding the corporate. He later posted on X that ZKP’s account had simply 33 followers when the partnership was revealed.
Details about ZKP stays restricted. The corporate seems to have began its social media presence and launched its white paper in November. Its web site provides few particulars about possession or funding sources however claims the enterprise operates beneath Samoan legislation.
The Monetary Instances famous that it couldn’t confirm public particulars for some members of ZKP’s management group, together with Jeff Wilck, who’s listed as head of blockchain on the corporate’s web site.
In response, FC Barcelona issued an announcement clarifying its place. The membership emphasised that it “has no connection in any respect with the corporate’s token”, and that discussions a couple of potential token didn’t happen throughout sponsorship negotiations.
The assertion additional famous that the membership just isn’t chargeable for or concerned within the token’s creation, sale, or expertise.
Tether, the corporate behind USDT
$1.00
, not too long ago introduced its intent to take a extra energetic function within the Italian soccer membership Juventus. What did CEO Paolo Ardoino say? Learn the complete story.
