Chiliz Deepens Integration With Sports
Crypto companies and sports leagues, teams, and individual players have formed a number of high-profile partnerships this year.
Currently, players use crypto and blockchain technology to engage with their fans by issuing limited edition NFTs.
In Chiliz, higher highs and lower lows are already in the works. As of right now, the price is beginning to converge and squeeze on the daily chart.
At the time of writing, bitcoin is the 58th most valuable cryptocurrency, trading around $0.565 on a daily trading volume of about $1 billion. In recent weeks, Chiliz’s price has almost doubled.
After creating a giant moment, the price shattered the structure. Two days before the printing of this green candle, this structure break was initiated.
The price fell to this level as a result of an unmitigated order block, and until now that order block has gone unmitigated, which may pose a danger to the price retracing.
The CHZ token is one of the strongest tokens out there. We have seen a huge increase in price since the launch of their fan tokens. The price is therefore expected to increase in the future.
Chiliz (CHZ), the blockchain network behind the Socios.com fan engagement platform, has recently experienced a surge in interest thanks to its focus on sports and helping fans interact with their favorite teams and players.
During a match between A.C Milan and A.S Roma, the platform’s first live, in-game NFT drop kicked off the rally.
As the game develops, new NFTs are created based on key moments that occur in real time, and then they are distributed to the holders of the fan tokens who correctly predicted the outcome.
NFTs have continued to be in high demand for the past several weeks after this new method of distributing them was announced.
Another factor contributing to the growth of CHZ has been the addition of new exchange listings, as well as the launch of new fan tokens for clubs like AC Milan, and Manchester City.
In addition to the listings, Binance, the world’s biggest crypto exchange, also allows users to stake Binance Coin (BNB), Binance USD (BUSD), and CH to earn tokens from their favorite teams.
eToro’s crypto exchange added CHZ to its listing on Nov. 9 and OKEx has announced it will support tokens from the Chiliz ecosystem.
Chiliz and Socios recently announced a partnership with Kraft Sports and Entertainment, which will allow the New England Patriots and the New England Revolution to join the Chiliz and Socios ecosystems.
Chiliz has announced its first partnership with the NFL and MLS, indicating that it is looking to expand to cover all major sports leagues where fans desire greater engagement through the protocol.