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Blockchain

CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry

Chiliz has announced the launch of the Scoville testnet for the newly established Layer 1 blockchain community Chiliz Chain 2.0 (also called CC2).

Chiliz (CHZ) is a blockchain-based sports activities platform that goals to offer blockchain-based options for the sports activities trade and assist followers take part within the token financial system.

The Chiliz Chain 2.0 will deal with Web3 capabilities within the sports activities and leisure fields, and construct NFT and game-to-earn (P2E) video games whereas accelerating the event of fan tokens and decentralized finance (DeFi) functions

Chiliz Chief Strategy Officer Max Rabinovitch defined that:

(*1*)

Chiliz Labs has additionally established an accelerator program to offer infrastructure companies, technical help, and funding for builders constructing on-chain functions on the CC2 community.

The sports-focused digital buying and selling platform has beforehand prolonged its leisure companies and partnered with famend “big names” within the sports activities trade, notably FC Barcelona, ​​Juventus and Paris Saint-Germain, amongst others. Not solely are their $CHZ tokens utilized in soccer-related sports activities leisure, however in May, Chiliz has additionally partnered with UFC.

Image supply: Shutterstock

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