HomeblockchainChiliz Sports Blockchain: The details so far

Chiliz Sports Blockchain: The details so far

The upcoming Chiliz (CHZ) Sports Blockchain launch date is set for 10 May. But what is it exactly?

Chiliz, founded in 2018, is the popular sports fan token blockchain provider. Its native token is CHZ, which currently powers Socios.com, ChilizX, and the soon-to-be-launched Chiliz Chain 2.0.

According to the Chiliz website: “Chiliz Chain 2.0 is set to become a more open & interoperable successor of the current Chiliz Chain. The goal of Chiliz Chain 2.0 is to be the leading blockchain for enterprise-level sports and entertainment brands that want to create a Web3 ecosystem where stakeholders can build Web3 experiences within a secured network-effect-driven community.

“Any developer interested in exploring the potential of Chiliz Fan Tokens has a chance to utilise the existing massive network of over 150+ leading sports IPs. As an EVM-compatible chain, Chiliz Chain 2.0 will stay compatible with the Ethereum tooling, making it simple and easy to build in the CC2.0 environment.”

Alex Dreyfus is the CEO of Chiliz, headquartered in Malta. On 28 March, he first mentioned the Chiliz Sports Blockchain in a tweet.

The Chiliz goal

Next he followed up on 28 April: “The @chiliz chain 2.0 main net will be public in 12 days. This is not the end of the journey, but rather the beginning. In the next few months, we will need to bridge $CHZ ERC20<>CAP20 and more importantly this summer Fan Tokens from CC1 >> CC2, one by one. Developers will then, be able to offer new products and services for these digital assets.

“Don’t have expectations on May 10th in terms of launches of services, it’s just the launch of the chain (governance, staking, etc…). Baby step, but it will take time to get where we want and build the community of dev we want/need.”

So there you have it.

At the time of writing, the price of CHZ was trading at $0.1267. It had a market cap of $880m, with 6,938,647,158 tokens in supply out of a total of 8,888,888,888. According to CoinMarketCap, it ranks as the 60th biggest crypto on the market.

Dan K
Dan K
Dan is a seasoned blockchain reporter and cryptocurrency enthusiast with a passion for making complex topics easily digestible for a broad audience. With years of experience covering the dynamic world of blockchain technology and digital assets, Dan has established himself as a respected voice in the CoinNews community.

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