Popular fan token focused on sports and football in particular Chiliz (CHZ)commemorates the fifth anniversary in a blog post he published. Layer-1 Chiliz Blockchainannounced the approval and release of the genesis block of .
Chiliz newly released blockchain EVM (Ethereum Virtual Machine) and will focus on NFTs, Play2Earn games, Watch2Earn sporting events and live event ticket payments.
It was also stated that the approval of the new blockchain will enable more Web3 developers and brands to join Chiliz, creating the new blockchain of Chiliz and accessing the web3 infrastructure and sports and entertainment network.
“Through the fan rewards and engagement app Socios.com, Chiliz has issued Fan Tokens for some of the largest sports communities in the world. Socios.com works with more than 170 major sports organisations, including FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, Inter Milan, AC Milan, Arsenal, Atlético Madrid.
In addition, Chiliz will publicly announce 8-10 more projects at the corporate level in the coming months.”
Alexandre Dreyfus, CEO of Chiliz He used the following statements in his blog post:
“Chiliz is focused on unlocking the potential web3 can bring to fan communities, benefiting fans, sports and entertainment brands, and developers and service providers alike.
Our strategy is to continue to develop the core infrastructure that will enable these communities to develop the products and services they need, and to continue growing our network to attract the world’s leading sports and entertainment brands, leading developers and most passionate fans.
We have strategically timed this announcement to coincide with our 5th anniversary and the launch of our new look brand, which symbolizes our commitment to development and enables big brands in sports and entertainment to embrace the opportunities offered by blockchain.”
After the announcement, it increased by approximately 20%. Chiliz experienced some regression. at the time of writing CHZ It is trading at $0.1655.
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