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In June of last year NFT platform, Bitci struck up a deal with the Brazilian Football Confederation (CBF). The CBF chose the blockchain platform to mint the official NFT tokens of Brazil’s national football team, which launched (BFT).
A report from a Brazilian sports business outlet claimed the CBF had terminated the agreement after a series of delayed payments over several months from the crypto firm.
The validity of these accusations, can not be confirmed. However, Bitci was not showcased on the sponsors’ backdrop when Brazil’s squad was announced for the 2022 Fifa World Cup earlier this month.
On November 23rd, Bitci released a public statement on Twitter to address the allegations.
Dear users,
This mandatory public statement is about the manipulation targeting Bitci, its investors and business partners from Twitter last night.
You can click the link below for a detailed explanation. 👇🏻https://t.co/6qoX5LtPi8
— Bitci Global (@bitcicomglobal) November 23, 2022
The Turkish NFT firm said: ‘The contracts between the Brazilian national team and Bitci are valid and in force. There has been no notice of termination to Bitci.’ The Crypto firm went on to hammer that their NFTs would still be valid, even if the sponsorship deal had been terminated. ‘Even if the sponsorship agreement somehow ends, this does not change the reality that BFT is the legitimate and only Brazilian national team fan token,’ the company added.
Learn more >> The Ultimate NFT Guide
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
ETH enthusiast & Web3 wonderer.
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