The World Cup is approaching, and the veteran Web3+ sports project Chiliz is about to make a big move?

In 2018, Chiliz successfully raised over $66 million through a funding round, primarily to support its sports fan engagement platform, Socios.com. The platform is powered by the CHZ token, which is based on the Ethereum ERC-20 standard, aimed at enhancing fan engagement and interaction experiences.
As of July 2022, the trading price of the CHZ token stabilized at $0.10 each, with a circulating supply of 6 billion tokens and a maximum supply capped at 8 billion 888 million 888 thousand 888. This supply strategy and its widespread acceptance propelled Chiliz's market capitalization to approximately $600 million, highlighting its strong performance in the cryptocurrency market.
Chiliz's development is not limited to token issuance. The platform currently has 82 Fan Tokens and over 150 global sports partners, covering more than 2 million users, with a market value exceeding $1 billion. These figures mark Chiliz's significant position in the global sports and blockchain sectors, while showcasing how it redefines fan engagement through an innovative token economy model.

These features and achievements lay a solid foundation for Chiliz's future development, and we will continue to explore its profound impact on the global sports ecosystem.

Chiliz's First Impression: The First Web3 Infrastructure Focused on Sports, Jointly Invested by Binance and OK

Chiliz, founded in 2018 by Alexandre Dreyfus, who has extensive experience in the internet industry, is the first blockchain infrastructure focused on the sports sector. This platform is not only a pioneer in sports token rewards but also a leader in trading sports crypto assets, having established partnerships with several top football clubs early on.
According to data from Rootdata, Chiliz raised $65 million during its initial fundraising phase, attracting investments from well-known crypto funds including Binance, OKEX, and FBG Capital. The influx of these funds laid a solid foundation for its rapid development.
Chiliz primarily serves the sports and entertainment industries, effectively serving sports organizations through customized fan communication and economic solutions. To date, Chiliz has collaborated with several world-renowned teams, including Barcelona, Juventus, and Paris Saint-Germain, to jointly launch fan tokens. These tokens are sold on the Socios.com platform through the FTO (Fan Token Offering) model, allowing teams to control various permissions of token holders via smart contracts, thereby deepening fan engagement.
In addition to collaborations with football teams, Chiliz has expanded into multiple sports fields, including F1 racing teams, esports clubs, and the Ultimate Fighting Championship (UFC). Currently, the Chiliz ecosystem has 82 fan tokens and over 150 sports partners, and this network effect greatly promotes the platform's popularity and usage.
With the approach of major international events like the World Cup, opportunities in the fan token market are also increasing. Both Chiliz and Binance have made moves in the sports fan token space, but Chiliz excels in exclusive issuance rights for fan tokens, the scale of its partners, and its potential user base. Especially on the Socios.com platform, fans need to purchase and hold club tokens to participate in related activities, a model that not only brings direct economic benefits to Chiliz and its partner clubs but also greatly enriches fans' digital entertainment experiences.

In the upcoming Chiliz Chain 2.0 (CC2) development plan, Chiliz will integrate various versions of the Socios.com application through a new blockchain network, improving user interaction efficiency and experience while unlocking the potential value of IP. This will further activate and expand the application scenarios of its digital assets through the issuance of NFTs, gamified applications, and more, heralding the arrival of a global sports digital revolution.

Chiliz Labs Incubator Program to Build On-Chain Sports Ecosystem, Attracting Widespread Industry Attention

On March 1, 2023, Chiliz, a global leader in Web3 blockchain for sports and entertainment, announced the launch of an incubator and accelerator program called Chiliz Labs, with initial funding of $50 million. This program, supported by Jump Crypto, aims to nurture early-stage blockchain projects that explore innovations using the newly launched Chiliz blockchain in the sports and entertainment industry. The genesis block of this blockchain was successfully validated on February 8, 2023.
Chiliz Labs plans to provide funding support and strategic guidance for these innovative projects to help them succeed within the Socios.com partner network. Additionally, Chiliz is committed to building the largest community of fans, brands, and innovative developers in the sports and entertainment industry to leverage the advantages of a sports-focused Web3 ecosystem.
As part of its vision, Chiliz Labs focuses on creating an ecosystem for entrepreneurs and developers, aimed at incubating long-term sustainable, application-oriented projects. Chiliz recently announced that LiveLike and FanFest are among the first companies to develop on the new blockchain, with plans to unveil 8 to 10 large enterprise-level projects in the near future. These projects include NFT ticketing pilots, athlete-centric third-party fan tokens, and partnerships focused on building Web3 infrastructure for the sports and entertainment sectors.
Kanav Kariya, President of Jump Crypto, stated, "Chiliz has developed a lasting and economical way for sports teams and leagues to expand their brands and maximize global fan engagement."
He added, "Chiliz is transforming our conventional view of sports team fans, and we are very excited to support Chiliz Labs in using Web3 technology to bridge the gap between teams and fans. We will continue to work closely with Chiliz to bring our blockchain and crypto expertise into the sports and entertainment industry, assisting in community events like hackathons."
Alexandre Dreyfus, CEO of Chiliz and Socios.com, stated, "At Chiliz, we build communities through blockchain technology, enabling sports teams to interact with fans in high-value ways. Bringing developers into the Chiliz Chain to build new innovative projects is at the core of our vision, allowing us to create an ecosystem of fan experiences and transactions where fan tokens serve as 'digital keys' that can be used on our infrastructure to support various products and experiences."
Through these initiatives, Chiliz not only strengthens its position in the sports industry but also provides global fans with richer interaction and participation opportunities, signaling a shift towards a more interconnected and digital future in the sports entertainment industry.

With the 2024 World Cup Approaching, Chiliz's Market Strategy and Token Price Performance Become Hot Topics in Web3

Since its establishment in 2018, Chiliz has driven the sports fan engagement platform Socios.com through its Ethereum-based ERC-20 token CHZ, significantly enhancing fan interaction and participation. The platform has developed 82 Fan Tokens and established partnerships with over 150 sports partners globally, covering more than 2 million users. These achievements highlight Chiliz's significant position in the global sports and blockchain sectors, redefining fan engagement through an innovative token economy model.
Chiliz's rapid development is attributed to its advanced strategies and technologies, especially with the upcoming World Cup, where the potential market opportunities for fan tokens will further expand. The launch of Chiliz Chain 2.0 signifies further technological advancements, allowing well-known teams like Barcelona, Arsenal, and Manchester City to become validators on the chain, which not only improves the platform's efficiency but also enhances the quality of user interaction.

As the World Cup approaches, Chiliz's market strategy is particularly crucial, expected to attract more global fans' attention and participation. Fan tokens, as a form of fungible token, offer broader participation opportunities than NFTs, and the effectiveness of this strategy lies in its scalability and inclusiveness, allowing more fans to actively engage with the teams they support.
In terms of globalization strategy, despite facing strict regulations in the U.S. market, Chiliz is customizing applications for American users through partnerships with NBA and NFL teams, indicating positive progress in overcoming regulatory hurdles. Furthermore, Chiliz's international influence continues to expand, particularly in Italy and several other countries where it has obtained regulatory licenses, providing a more direct interaction platform for global sports fans.
In summary, Chiliz has created a brand-new ecosystem for fan interaction in sports through blockchain technology, which not only generates direct economic benefits for partners and fans but also paves the way for the digital transformation of the global sports entertainment industry. With technological advancements and market developments, Chiliz is expected to further consolidate its leadership position in the global sports market, especially in this year's World Cup, where Chiliz's performance will be an important testing ground for the integration of sports and blockchain.