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Chiliz, one of the strongest players in the fan token industry, has made a significant move by transitioning to its own network. Known for its partnerships with numerous renowned clubs and its extensive fan token ecosystem, Chiliz is now building its ecosystem. With the new network, the Chiliz team is preparing for a major breakthrough.
Chiliz (CHZ) Ecosystem
Today, the Chiliz team introduced the SportFi ecosystem with 25 important partnerships. Chiliz, the most well-known brand in the fan token industry, has the opportunity to build its ecosystem with its transition to its own network. More importantly, this move could open a new era that could increase the demand for CHZ Token. The announcement by the team stated the following:
“Chiliz, the sports blockchain, is excited to announce more than 25 projects in the SportFi ecosystem, where sports and decentralization meet to offer fans new products and experiences. The Chiliz vision for SportFi focuses on the potential to transform sports into valuable, tradable digital assets using blockchain technology and create a new interaction paradigm between sports organizations and communities.”
Chiliz, which has more than 70 fan token partnerships including Paris Saint-Germain Fan Token (PSG), Juventus Fan Token (JUV), AC Milan Fan Token (ACM), Atletico Madrid Fan Token (ATM), Argentine Football Association Fan Token (ARG), AS Roma Fan Token (ASR), FC Barcelona Fan Token (BAR), Galatasaray Fan Token (GAL), and Napoli Fan Token (NAP), now aims to transform all of these into a real ecosystem.
The above image illustrates the new partnerships and the areas in which they are established.
The Future of CHZ Coin
To date, the CHZ Coin team has issued tokens to 138 million fans in 160 different countries. Through approximately 80 tokens, fans have been given the opportunity to influence their teams’ decisions through 3000 surveys. Many things, from jersey designs to celebration songs, have been determined by fan participation through blockchain. The most important aspect and actually the driving force is the benefits provided to sports clubs, which have generated approximately 437 million in revenue for the sports industry.
The revenue provided to clubs can further increase as agreements continue and with the growing support from fans. Moreover, in the likely next bull season where cryptocurrencies reach more people, we will likely witness the popularity of fan tokens as well.
If the Chiliz team can deliver on the story and promises they shared today, the CHZ Coin price could experience a significant increase.
