AS Roma and Zytara Labs Sign $42 Million Partnership

Calling all Roma fans! The Italian soccer club has signed up for an exciting three-year deal with blockchain fintech Zytara Labs. It will become part of Zytara Labs’ DigitalBits blockchain network.

The partnership is worth $42 million. As per the terms of the agreement, both entities will work together for match jersey sponsorship, Non-Fungible Token souvenirs, and increased fan/club contact. DigitalBits’ emblem will appear on AS Roma’s men’s and women’s first teams’ home, away, third and goalie jerseys.

The exciting collaboration between these two will launch with a friendly match. AS Roma will play against Montecatini to engage fans and sell the first eleven jerseys from the 2021-22 season. In addition to this, 25 commemorative gold rings will also be up for sale. 25 more will be going to Roma Cares, a charity founded by current Serie A players.

CEO of AS Roma shared his delight about the agreement:

We could not be more excited to have AS Roma officially join the DigitalBits ecosystem. DigitalBits is a blockchain known for its speed, efficiency, and sustainability: traits that mirror the values of our club and will allow us to deepen the engagement with our fans worldwide in numerous ways.

Al Burgio, Zytara and DigitalBits blockchain founder, also commented:

This historic relationship with AS Roma, one of the most legendary football teams in the world, is transformative, not just for Zytara and DigitalBits, but for the blockchain industry as a whole. AS Roma will be expanding the collective imagination by demonstrating how blockchain technology can be leveraged to elevate the connection between sports teams and their community of fans and other supporters.

They will donate all revenues from the jerseys sold during the Roma vs Montecatini match to Roma Cares. The public foundation supports local communities and promotes social solidarity.

Of note, AS Roma may not be the first European sporting organization to work with a blockchain firm. However, this partnership certainly is something special. For one, it is the largest commitment between a blockchain company and a mainstream sports club. Its contract duration and sponsorship value surpass any other such collabs. So rest assured, fans are in for some real treats.

Source: https://coinquora.com/as-roma-and-zytara-labs-sign-42-million-partnership/