Blockchain News, Blockchain Technology

Chiliz Token Preview – New Project With Strong Foundations.

The introduction of live in-game NFTs, as well as a rapidly expanding ecosystem, boosted Chiliz (CHZ) price and confirmed the project’s strong foundations.

A number of high-profile agreements between the cryptocurrency sector and major sports leagues, teams, and individual athletes have been forged this year. Limited edition NFTs and other incentives related to crypto and blockchain technologies are now used by athletes to engage with their fans.

Crypto companies are also placing their logos on jerseys, acquiring stadium naming rights, and paying for primetime advertising during commercial breaks.

Due to its focus on the world of sports and its ability to allow fans to engage with their favourite teams and players, Chiliz (CHZ), the blockchain network backing the Socios.com fan interaction platform, has seen a recent surge in interest.

CHZ

CHZ/USD 1 Day Price Chart: Source- Coinmarketcap.com

The protocol’s growing strength can be attributed to the debut of live in-game NFTs, recent exchange listings for CHZ and its newly launched fan tokens, and the protocol’s rapidly expanding network of partners.

Blockchain Gaming & NFTs MarketPlace

The launch of the platform’s first live, in-game NFT drop, which took place during a match between A.C. Milan and A.S. Roma, was the catalyst for the current surge.

New NFTs are created as they occur based on critical moments in live matches and then dumped into the wallets of fan token holders who correctly predict the game’s outcome.

Following the unveiling of this new way of distributing NFTs, there was a surge in demand for the token, which has continued to grow in recent weeks.

CHZ Is Gaining Attention From The Community & Fans

The advent of additional exchange listings, as well as recently released fan tokens for clubs like S. Paulo FC, AC Milan, and Manchester City, have all contributed to CHZ’s growing popularity.

In addition to the listings, Binance is allowing fans to stake Binance Coin (BNB), Binance USD (BUSD), and CH to acquire tokens from their favorite teams.

OKEx has also said that currencies from the Chiliz ecosystem would be supported, and CHZ looks to have benefited from a new listing on eToro’s cryptocurrency market on November 9.

Blockchain Gaming Profits Are Rising

Another fresh development that might improve CHZ’s fundamentals is ecosystem expansion.

Thanks to a relationship with Kraft Sports and Entertainment, the New England Patriots of the National Football League (NFL) and the New England Revolution of Major League Soccer (MLS) have just joined the Chiliz and Socios ecosystem.

Chiliz is making its debut in the NFL and Major League Soccer, indicating that the initiative will expand to other major sports leagues where enhanced fan participation is desired.

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