$0.12
1H
-1.33%$0.0016
24H
0.73%$0.0009
7D
0.03%$0.0000
30D
-43.0%$0.0909
Chiliz, powering Socios.com, aims to give sports and esports fans the ability to crowd-manage their favorite teams, games, leagues, and events. CHZ is a currency that fuels blockchain-backed platforms & products geared toward casual, mainstream consumers beginning with Socios.com. $CHZ is publicly available on leading cryptocurrency exchanges including Binance.
The launch of Chiliz Chain 2.0 will allow sports and entertainment brands to build Web 3.0 applications such as play-to-earn games and other decentralized applications.
Advisors to Socios, who owned Chiliz, said that they were not paid in a timely manner by the founder. Interestingly, some of the Socios employees also complained of unfair practices and breach of contract.
NFTs were all the craze in 2021 and why many are still sceptical of what an NFT actually is, there are many projects out there taking the infrastructure to a new level.
According to the football club, the underlying motive to promote its fan token was well-thought-out and in consideration of the protection of its fans both in the UK and globally.
After tokenizing major sports franchises, Socios, a blockchain-based platform, will now be partnering with the Cleveland Cavaliers basketball team.