Chiliz, a virtual currency promoting sports and entertainment, recently stated that it will be listed on the Bitcoin.com Marketplace, HitBTC, and Changelly venues. Socios.com, a fan interaction website designed on Chiliz blockchain technology, uses Chiliz as its on-platform currency. Socios.com enables sports and entertainment organizations to monetize their existing worldwide fan clubs by utilizing digital content called “Fan Tokens.”
FC Barcelona, Juventus, Paris Saint-Germain, AC Milan, AS Roma, Atlético de Madrid, Galatasaray, and Trabzonspor are among the 23 big sporting clubs that have joined with Chiliz to introduce Fan Tokens on Socios.com. Also, Team Heretics, NAVI, OG, and Alliance, all prominent esports organizations, have released Fan Tokens on the network. The UFC has signed a worldwide fan engagement deal and the Professional Fighters League. Moreover, it will debut a Fan Token in the months ahead. In the near future, other major teams will debut Fan Tokens as well.
Furthermore, Socios.com is one of the most popular non-financial, consumer-facing, mainstream blockchain applications in the world. It even has over 500,000 downloads in just over a year.
In 2020, Fan Tokens earned approximately $30 million in revenue. Therefore, splitting among Socios.com clubs and partners. Numerous Fan Tokens were on publications on major worldwide exchanges in late December and early January. Therefore, generating tremendous activity, with trading volumes for Paris Saint-Germain ($PSG) and Juventus ($JUV) reaching a 24-hour high of $300 million in late December.
What is Chiliz?
Chiliz is a fintech blockchain startup established in 2018. It empowers sports and entertainment companies with tools to interact with and monetize their worldwide fans. The company hires almost 100 people in numerous offices throughout the world, such as Malta, France, Turkey, Korea, and South America. The company also plans to create new offices in Madrid and New York in 2021.
“We’re happy to further expand the liquidity of Chiliz $CHZ with these three significant listings,” said Alexandre Dreyfus. Dreyfus is the CEO, and Founder of Chiliz and Socios.com. This is only the start of what we expect to be substantial collaborations with all three platforms.
“As we pursue our quest to establish a $1 billion Fan Token ecosystem with involvement from the world’s largest sports and entertainment organizations, we look forward to making more significant developments in the future.
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