Chiliz, an entity providing Web3 infrastructure for entertainment and sports, declared the launch of its latest EVM-compatible L1 blockchain called Chiliz Chain 2.0. The genesis block of the respective blockchain has additionally been developed. On the 8th of February 2023 (the 5th anniversary of Chiliz), the platform alerted the developers and brands that the validation of the exclusive blockchain has been accomplished.
Chiliz Launches Its Exclusive L1 Blockchain Chiliz Chain 2.0
This rebrand takes into account the incorporation of an exclusive logo, presenting the emblematic ‘chili’ as well as an angle bracket. The respective logo signifies the commitment of the firm to the development, the establishment of the core infrastructure, network as well as products to facilitate entertainment and sports brands. This will, the company added, assist the Web3 advancement.
With the latest chain’s launch, more Web3 brands and developers are expected to join forces with Chiliz to carry out development on the platform’s unique blockchain. In this way, they will get access to the Web3 infrastructure of the platform as well as the network of entertainment and sports. In the later period of the previous year, the US firm called FanFest and LiveLike (a fan engagement venture) collaborated with the ecosystem of Chiliz.
The respective partnership was focused on developing Web3 services and products like the provision of blockchain-supported watch-to-earn collectibles to media partners and broadcasters. In addition to this, Socios.com (the fan engagement and rewards app) has released fan tokens for a few of the biggest sports communities existing across the globe. Socios.com collaborates with up to 170 prominent sporting institutions, including Arsenal, AC Milan, Inter Milan, Napoli, Madrid, and so on.
The Platform Intends Starting Several Enterprise-Level Projects Shortly
Using the technology of Chiliz lets entertainment and sports-related organizations and developers mint Fan Tokens, and NFTs, develop DeFi products, play-to-earn games, and more. The platform of Chiliz will openly declare 8 to 10 enterprise-scale projects in the next months. This will take into account the pilot programs dealing with NFT ticketing and 3rd-party athlete-centered Fan Tokens.
The company additionally declared making Minjae Kim (the star of the national-level football team of Korea) its latest brand ambassador. The CEO of Chiliz, Alexandre Dreyfus, stated that the platform is endeavouring to unlock the Web3 sector’s potential to facilitate fan communities, developers and entertainment and sports brands alike.
