Chiliz Sports Blockchain Launch is a project that aims to bring together sports and blockchain technology. The project, which is expected to launch on May 10, will support early-stage companies and organize an acceleration program worth $50 million.
What is Chiliz Sports?
Chiliz, the parent company of popular fan token company Socios, aims to launch its new program, which aims to intersect sports and blockchain technology, on May 10. Early stage companies will be supported with the project worth US$ 50 million.
“Chiliz Labs” is powered by Jump Crypto, which specializes in Web 3.0 infrastructure and development, and will focus on startups that want to leverage the Chiliz blockchain to deliver their services to consumers.
As part of the program, participants will receive funding, resources and guidance to develop and commercialize their innovations, including access to Socios’ partner network of clubs and organizations.
How Chiliz Chain Works
The ultimate goal of Chiliz Chain is to become a private blockchain for the sports industry, powered by a token that can be used in multiple applications, adding to its utility and value.
“At Chiliz, we leverage blockchain technology to create communities where sports teams can directly engage and exchange value with their fans,” said Alexandre Dreyfus, CEO of Chiliz.
It is central to our vision that developers choose Chiliz Chain to build their new innovative projects, allowing us to build an ecosystem of fan experiences and transactions where fan tokens provide a ‘digital key’ that can work on any product or experience built on our infrastructure.
Chiliz Labs is the pillar of this strategy and with the help of our partners at Jump Crypto, whom we thank for supporting our vision, we look forward to welcoming some of the most promising, viable and innovative projects in the blockchain space.”
