Flamengo, one of Brazil's finest sports teams, <a href="https://www.moonpay.com/blog/flamengo" target="_blank" rel="nofollow noopener">revealed</a> on Thursday that it would collaborate with MoonPay over a long period to produce a range of Web3 products. The collaboration showcases the fusion of two well-known companies globally and announces MoonPay's arrival in <a href="https://www.cryptoknowmics.com/news/binance-opens-two-new-offices-in-brazil-as-team-doubles-since-march/" target="_blank" rel="noopener">Brazil</a>, the biggest market in Latin America and the fifth biggest economy. According to a statement, the fiat on-ramping service turned Web3 infrastructure provider would attempt to enhance fan participation in the football team via ticketing, advertising, and merchandising.

https://twitter.com/moonpay/status/1578007242112225283

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<h2>To Increase Fan Interaction</h2>
MoonPay has formally entered the Brazilian market with the sponsorship of Clube de Regatas do Flamengo, the country's most well-known football team. Following the agreement, MoonPay would assist Flamengo in using <a href="https://www.cryptoknowmics.com/news/100-nfts-will-be-issued-to-commemorate-digift-debut/" target="_blank" rel="noopener">NFTs</a> and <a href="https://www.cryptoknowmics.com/news/warner-music-group-opensea-to-expand-web3-opportunities-for-artists/" target="_blank" rel="noopener">Web3</a> to increase fan interaction. The companies revealed that the revenue would also be shared between them.

According to the corporation, the partnership's reach may encompass loyalty programs, one-of-a-kind opportunities, and complimentary deals. Ivan Soto-Wright, co-founder and CEO of MoonPay, claimed that NFTs and Web3 technology enabled sports clubs worldwide to enhance fan loyalty and participation and develop new sources of revenue worth hundreds of millions of dollars.
<h2>Effect Of Lockdown On Football</h2>
The way football teams generate income has been thrown into sharp perspective during the epidemic, with approaching shutdowns in sports and games played in empty stadiums during lockdowns. According to the Deloitte Annual Review of Finance, the aggregate revenue of European clubs decreased by £3.4 billion ($3.8 billion) to $22 billion ($24.7 billion).
<h2>MoonPay - The Official Onboarding Partner For BFF</h2>
On October 5, MoonPay <a href="https://www.moonpay.com/blog/bff?utm_source=hootsuite&amp;utm_medium=twitter" target="_blank" rel="nofollow noopener">announced</a> the collaboration with BFF, an open-access group that supports the empowerment of women and non-binary individuals in Web3. BFF would be initiating a countrywide roadshow for its first-ever meeting series, "Bring Your BFF to Web3." The collection would debut at the Pérez Art Museum Miami (PAMM) on October 19, with MoonPay serving as the official enrollment partner.

Flamengo and MoonPay Collaborate on Long-Term Web3 Loyalty Program

Flamengo and MoonPay would produce a range of Web3 products to enhance fan participation in the football team via ticketing, advertising, and merchandising.

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Flamengo and MoonPay Collaborate on Long-Term Web3 Loyalty Program

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