Chiliz

What is Chiliz?

Chiliz, a Malta-based FinTech provider, is the dominant digital currency in the realm of sports and entertainment. It operates Socios, a blockchain-based platform that allows users to actively participate in the governance of their beloved sports brands. A prime example of this is the creation of fan tokens, serving as a means for sports clubs and associations to engage with their fans and unlock new revenue streams.

One notable feature is that fans can actively influence club-related decisions by taking part in surveys and polls. They have the opportunity to voice their opinions on matters such as the messages displayed on a captain's armband. The aim of the company is to bridge the gap between being a passive spectator and an active supporter. Chiliz has forged partnerships with renowned sporting institutions worldwide, including FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. In addition, they have established collaborations with the UFC and various gaming organizations. By purchasing CHZ, fans gain access to a diverse range of fan tokens and become literal stakeholders in their respective clubs.

Recent Video Interview

Main points of the interview:

• The evolution of Chili from a simple idea to a global company with 300 employees.
• Chili's tokenized membership program for sports fans and its partnerships with major teams like PSG.
• The significance of blockchain for sports teams in creating new revenue streams.
• Upcoming developments for Chili, including new tokenomics and the expansion of its blockchain activities.

Chiliz Team Background

Chiliz, headquartered in Malta, was established by Alexander Dreyfus, who presently serves as its CEO. Dreyfus is an accomplished entrepreneur known for founding various ventures in the travel and entertainment sectors.

Notable partners of Chiliz include Sam Li, the former Vice President of the NBA, Nicolas Maurer, CEO of the esports team Vitality, and Dr. DisRespect, a highly influential video game streamer with a substantial global following. Other partnerships: LiveLike, Kore Software, Barca Studios, Ankr, Wave, Bloktopia...

Chiliz Project Development

Chiliz has announced a partnership with Ankr to utilize their RPC (remote procedure call) as the main connection for Chiliz Chain. The RPC acts as a bridge, linking blockchain applications like dApps, centralized exchanges, and crypto wallets to the underlying blockchains. Ankr's reliable and efficient RPC solution, already trusted by major blockchains such as Ethereum, BNB Smart Chain, and Polygon, will enable seamless and fast communication between blockchain applications and Chiliz's Layer-1 blockchain for sports.

Chiliz aims to drive innovation on Chiliz Chain by exploring novel ways to unite fans and communities with their favorite teams and brands. The company also plans to foster innovation through Chiliz Labs, a $50 million accelerator and incubator supported by Jump Crypto, focused on early-stage sports-oriented blockchain projects built on Chiliz Chain. In the upcoming months, Chiliz will unveil various Web3 sports projects, including Web3 games, digital collectibles, NFT ticketing initiatives, community and social gaming platforms, and AI-driven applications.

Furthermore, Chiliz intends to inspire developers to create the future of Web3 sports by hosting Chiliz Chain hackathon tournaments in major stadiums and sports arenas worldwide.

Chiliz Price Analysis

As of November 24 2024 Chiliz has a marketcap of $794M. This is {{percentagefromath}} from its all time high of $0.878633. In terms of its tokenomics, there's a total supply of 9.1B with 100% currently outstanding. Keep in mind Chiliz has a fully diluted value of $794M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude