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Chiliz labs said they would promote innovative early-phase blockchain projects ready to take advantage of chiliz blockchain for sport and entertainment.
On Wednesday 1 March, the world's leading blockchain for sports and entertainment Web3 Chiliz announced the launch of its US$50 million incubator with a Chiliz Labs accelerator program.
Incubator by Chiliz
As we know, Chiliz is constructing the largest community of innovative fans, brands and developers for the sport and entertainment industry. It aims to create a dedicated sports ecosystem and provide advantages to the network.
Chiliz labs pledges to build a full ecosystem for developers and entrepreneurs. It also aims at creating sustainable projects focused on public services. Chiliz said they were going to announce their first partners in the near future. Cryptojump is at the forefront of the recent round of financing.
Chiliz Labs said they would promote innovative early-phase blockchain projects ready to take advantage of the Chiliz blockchain for sport and entertainment. Speaking on the development, Kanav Kariya, President of Jump Crypto, said:
“Chiliz has developed a unique solution to one of the most salient problems that sports teams and leagues face, which is how to sustainably and affordably scale their brands and maximize fan engagement globally. Chiliz changes the way we think of it as being a fan of a sports team, and we are extremely pleased to support chiliz labs to take advantage of web3 technology to connect teams and their fans. We will be continuing to work closely with Chiliz to bring our blockchain and crypto expertise to the Sports and entertainment industries, helping to deliver community events such as hackathons.”
Growing Adoption of Chiliz Blockchain
LiveLike and FanFest are the two companies that recently announced building their own chains on the Chiliz platform. Chiliz has declared that it will soon announce the realization of 8 to 10 other projects at the enterprise level. This includes nft ticketing drivers, web infrastructure partners3 and athlete-focused third-party fan chips.
Alexandre dreyfus, Chiliz's CEO says they take advantage of blockchain technology to build communities for sports teams so they can have a direct relationship and exchange value with their fans. Their central vision is to attract more developers to pick the chiliz blockchain and construct innovative projects.
As said, chiliz aims to provide an ecosystem of fan experiences where fan chips provide a "digital key" that will work for various products and experiences built on the platform. The chief executive officer of Chiliz.
“Chiliz Labs is a central pillar of this strategy and with the help of our partners at Jump Crypto, who we thank for supporting our vision, we look forward to welcoming some of the most promising, viable, and innovative projects in the blockchain space to the Chiliz Chain.”
Chiliz is the creator behind Fan Tokens and Socios.com, a fan engagement and rewards app. Ventilator tokens work like evolutionary utility tokens that are fungible and allow. It also gives sports teams the opportunity to reach and reward their global clientele.
