Chiliz (CHZ) is a cryptocurrency and blockchain platform that focuses on fan engagement and tokenization of sports and entertainment industries.
The world of fan tokens
Chiliz, that operates on its own blockchain called Chiliz Chain, aims to bridge the gap between sports teams, organizations, and their fans by providing a platform for creating branded digital assets, known as Fan Tokens. Fan Tokens are digital assets representing ownership or participation rights in a particular sports team or organization. Fans can use these tokens to access exclusive content, participate in polls, and influence decisions related to their favorite teams.
Chiliz collaborates with sports teams, leagues, and organizations to tokenize fan engagement and create new revenue streams. The platform allows fans from around the world to participate in the activities of their favorite teams, breaking geographical barriers.
CHZ is the native utility token of the Chiliz ecosystem. It is used for purchasing Fan Tokens, participating in token sales, and accessing various features within the platform.
Chiliz also has expanded into the non-fungible token (NFT) space, offering collectibles and memorabilia associated with sports teams and events.
Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is collected by the author and is not sponsored by any company or token developer. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.