FC Barcelona is dealing with scrutiny after asserting a $22 million sponsorship settlement over three years with Zero-Information Proof (ZKP), a cryptocurrency firm based mostly in Samoa.
The agency, which is comparatively new to the market, has grow to be the focus following questions on its legitimacy and background.
Former membership board member Xavier Vilajoana described the partnership to the Monetary Occasions as a mirrored image of monetary “desperation”.
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He pointed to a number of “purple 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 below Samoan regulation.
The Monetary Occasions famous that it couldn’t confirm public particulars for some members of ZKP’s management crew, 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 way with the corporate’s token”, and that discussions a few potential token didn’t happen throughout sponsorship negotiations.
The assertion additional famous that the membership will not be accountable for or concerned within the token’s creation, sale, or know-how.
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