{"id":182378,"date":"2023-10-27T21:51:46","date_gmt":"2023-10-27T16:21:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=182378"},"modified":"2023-10-27T21:51:46","modified_gmt":"2023-10-27T16:21:46","slug":"chiliz-launches-sportfi-ecosystem-built-on-chiliz-chain-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/chiliz-launches-sportfi-ecosystem-built-on-chiliz-chain-crypto-news\/","title":{"rendered":"Chiliz Launches SportFi Ecosystem Built on Chiliz Chain – Crypto News"},"content":{"rendered":"
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Chiliz<\/a>, the Fan Tokens\u2019 developer, has released its\u00a0Layer 1 EVM-compatible blockchain called the Chiliz Chain. The company made the\u00a0announcement on Friday\u00a0on X, with an audacious proclamation,\u00a0\u201cSportFi for everyone!\u201d This is an invaluable step forward for Chiliz, as it pursues its mission of\u00a0integrating blockchain technology into the sports and entertainment industry.<\/p>\n

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Chiliz unleashes the Chiliz Chain ecosystem: SportFi for everyone! \ud83c\udf10\u26bd<\/p>\n

We’re excited to announce a groundbreaking development in our mission to bring blockchain technology to the world of sports and entertainment. No more governance hurdles for developers.#ChilizChain<\/a> \u26a1 $CHZ<\/a> pic.twitter.com\/TJPZJahO1V<\/a><\/p>\n

\u2014 Chiliz ($CHZ) \u2013 Powering Socios.com \u26a1 (@Chiliz) October 27, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Chiliz has been around since 2018 and has been\u00a0providing solutions\u00a0to sports clubs and teams in developing secure, scalable digital asset-based experiences built on blockchain. All this happens via Socios.com, a fan engagement and incentives platform that provides fans with diverse interactive ways to connect\u00a0with their favourite teams and clubs. Socios.com has risen in popularity since it came into the scene, with major professional sports clubs using it\u00a0to issue their own tokens via Chiliz Chain.<\/p>\n

Socios Collectables uses near-field communication (NFC) chips to store each collectable\u2019s unique data stored on blockchain. These chips are then embedded into\u00a0each of the\u00a0collectables, enabling owners\u00a0to authenticate the authenticity of their items\u00a0using a simple smartphone app.<\/p>\n

Socios.com\u2019s\u00a0fan engagement platform currently has over 170 major sports organisations that use it to interact with their fans using\u00a0Fan Tokens. Chiliz intends to develop\u00a0the Chiliz Chain ecosystem into the go-to place for sports teams, fans, and developers to collaborate on creating all kinds of\u00a0innovative Web3 products and experiences.<\/p>\n

The Chiliz Chain is an upgrade from the Chiliz Legacy Chain, and Chiliz says its launch heralds a revolutionary era in the application of blockchain technology in the sports and entertainment industries. By providing solutions tailored to the needs of the sports and entertainment industries and protecting the safety\u00a0of intellectual property and project use cases, Chiliz is confident that its\u00a0ecosystem will\u00a0bring these sectors closer together.<\/p>\n

With the newly-found enthusiasm, Chiliz is inviting brands to create Fan Tokens, NFTs, and other digital assets in\u00a0this ecosystem. All interactions in the Chiliz ecosystem ecosystem, including item purchases are powered by the platform\u2019s native $CHZ token.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Chiliz, the Fan Tokens\u2019 developer, has released its\u00a0Layer 1 EVM-compatible blockchain called the Chiliz Chain. The company made the\u00a0announcement on Friday\u00a0on X, with an audacious proclamation,\u00a0\u201cSportFi for everyone!\u201d This is an invaluable step forward for Chiliz, as it pursues its mission of\u00a0integrating blockchain technology into the sports and entertainment industry. Chiliz unleashes the Chiliz Chain […]<\/p>\n","protected":false},"author":2,"featured_media":182379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-182378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=182378"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182378\/revisions"}],"predecessor-version":[{"id":182381,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182378\/revisions\/182381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182379"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}