What is Chiliz Trying to Do ⁉️⁉️
Chiliz has been making some interesting moves lately. They've launched their own layer-1 blockchain, Chiliz Chain, which is a big step towards expanding their fan token ecosystem. This move is expected to attract more sports teams, fans, and developers to build Web3 products and experiences that bring fans and brands closer together.
In other news, Chiliz has also launched a $50 million incubator program called Chiliz Labs to support early-stage projects in the sports and entertainment industries. This initiative aims to foster innovation and growth in the sector.
On the financial front, Chiliz's native token CHZ has been performing well, with its price hitting a six-week high recently. This surge in price is partly due to whale activities, which have been driving up trading volume to a 22-month high.
Overall, it seems like Chiliz is positioning itself for growth and expansion in the Web3 space, with a focus on sports and entertainment.
