Chiliz, the leading Blockchain platform known for its innovative Fan Token projects, has revealed the Chiliz Chain ecosystem. Setting out with the slogan “SportFi for Everyone”, Chiliz is taking step by step towards its mission of integrating Blockchain technology into the sports and entertainment industry like never before.
Fan Token giant Chiliz will launch SportFi ecosystem
In the midst of several bullish weeks for fan token project Chiliz (CHZ), its team announced the launch of SportFi, an ecosystem that aims to enable developers to create fan-centric decentralized applications (dApps) while protecting them from intellectual property infringement and fraud. In particular, the fintech platform that powers Socios.com, a fan engagement and rewards network where sports enthusiasts can interact with their favorite teams and clubs in innovative ways, announced the SportFi ecosystem on the X platform.
According to the statement, the latest groundbreaking development will enable Chiliz to create fan-centric applications. It will also help users discover innovative solutions and create unique experiences. Moreover, they will have the opportunity to do these without limits and restrictions. On top of this, as part of Fan Token giant Chiliz’s commitment to protecting its users and partners, the company said Chiliz Chain will also introduce a blacklist feature that promises to keep participants safe from intellectual property violations, threats, and fraud.
Paves the way for Blockchain in the sports and entertainment industry
Chiliz entered the market founded in 2018. His goal is to be at the forefront of revolutionizing the intersection of sports and entertainment with Blockchain technology. The company is best known for creating Fan Token projects, which are digital assets that allow more than 170 major sports organizations to engage and reward their global fan bases through the Socios.com fan engagement app. With the launch of Chiliz Chain, the company invites a wider audience to join the Blockchain world. Thus, it is preparing to expand its ecosystem.
Developers designed the Chiliz Chain ecosystem to foster innovation and facilitate creativity in the Blockchain space. Meanwhile, professional sports teams have also lined up to issue their own tokens on Chiliz Chain via Socios.com. These include the English Premier League’s Tottenham Hotspur, which launched a Fan Token Offering (FTO) for the official SPURS fan token in early October.
Chiliz (CHZ) price performance
As a reminder, Chiliz launched the CHZ token in October 2018 as part of its active work on blockchain platform Socios, six years after the company was founded under Malta-based Mediarex Group, an international sports and entertainment organization. As of press time, CHZ was changing hands at $0.06378, a decrease of 0.7% in the last 24 hours. However, the Fan Token giant’s token is sitting on a gain of approximately 102% on the weekly chart.
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