Chiliz will introduce the Chiliz Chain SportFi network.

 

Chiliz Chain ecosystem has been introduced by Chiliz, a blockchain network that is well-known for its fan tokens.

The ecosystem's slogan is "SportFi for Everyone," and it aims to bring blockchain technology to the sports and entertainment sectors like never before. Opening up this ecosystem might mean removing obstacles for developers and ushering in a new era of creative solutions and fan-made apps.

The goal of the Chiliz Chain ecosystem is to promote creativity and innovation in the blockchain industry. Developers may now explore innovation, build one-of-a-kind fan-centric experiences, and experiment without boundaries thanks to the removal of control hurdles.

In addition to providing industry support for the ecosystem and preserving brand intellectual property and project use case integrity, the ecosystem seeks to unite players in the sports and entertainment sectors.

Chiliz declared in February that the genesis block of the L1 blockchain, which is compatible with the EVM, has been successfully confirmed. Fans will be able to buy NFT tickets to games on Chiliz Chain 2.0, and CHZ holders will be rewarded for staking. The blockchain will enable developers to create fan tokens in compliance with the adaptable Chiliz Advancement Proposal (CAP-20) standard.