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Barcelona's recent moves have left people in the industry bewildered.
A Samoan company called Zero-Knowledge Proof just launched its social media accounts and white paper a few days ago, and has already secured a global sponsorship deal with FC Barcelona worth $22 million over three years? The pace is absurd.
What’s even more magical is that ZKP is currently conducting an ICO, and their official website hasn't even disclosed basic ownership information and financing structure. Logically speaking, for a business collaboration of this level, wouldn’t the background check be thorough? But it seems that Barca has directly skipped this step.
The CEO of privacy technology company Nym has begun to voice concerns. How can a newly emerging project, with an opaque funding structure, be able to throw millions of dollars into sports marketing? This situation seems strange in every way. Either Barcelona is in dire need of money, or someone is making a big gamble.
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The ZKP White Paper was barely out for a few days and already 20 million was thrown in, this is indeed ridiculous.
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An opaque financing structure can still get Barcelona as a spokesperson, I'm falling apart.
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To put it bluntly, this deal either has insider information or it’s a complete eyewash.
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Did Barcelona really skip the due diligence phase? This move is truly amazing.
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A sponsorship deal in the millions without even disclosing basic information, I'm drunk.
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It feels like someone is about to catch a falling knife, I've seen this plot many times.
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How desperate for money do you have to be to act so casually?
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Nym's CEO is right, this whole thing is suspicious from start to finish.
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ZKP's play this time is a bit intense; they started the ICO to Be Played for Suckers before finishing the White Paper.
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Honestly, there must be a story behind this; otherwise, who would dare to play like this?
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Is Barcelona gambling or really out of options? It feels like the risk is a bit high.
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If a shell company from Samoa can throw in so much money, I need to rethink my financing strategy.
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This operation is either going to make a huge profit or leave them with nothing but their underwear.