Chiliz (CHZ), the ecosystem specializing in fan tokens, has unveiled a $50 million incubator in partnership with investment fund Jump Crypto.
Chiliz launches its own blockchain incubator with Jump Crypto
Chiliz (CHZ), the blockchain ecosystem specializing in sports and entertainment, has unveiled an incubation program in collaboration with investment fund Jump Crypto. This Web3 accelerator, dubbed Chiliz Labs, has a $50 million budget :
We are pleased to announce the launch of our $50M USD incubator and accelerator program Chiliz Labs!
Backed by @jump_ 🤝 Chiliz Labs will foster viable and innovative early-stage blockchain projects looking to leverage the new Chiliz blockchain.
— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) March 1, 2023
This is therefore a new milestone for the project, less than a month after the official launch of its own blockchainon February 8.
Always oriented towards sport and entertainment, this fund aims to support young Web3 projects in order to help them get started. Kanav Kariya, President of Jump Crypto, expressed his support for the Chiliz initiative:
“We will continue to work closely with Chiliz to bring our blockchain and cryptocurrency expertise to the sports and entertainment industries, helping to organize community events such as hackathons. »
👉 To go further – Find our guide to buying the Chiliz CHZ
A fan-centric ecosystem
Chiliz is particularly known for having propelled the fan tokens of the PSG or FC Barcelona football teams, through its Socios.com platform. Last year, the famous Argentinian footballer Lionel Messi became its ambassador.
To date, the Chiliz ecosystem lists 82 fan tokens in different disciplinesand has more than 150 sports partners around the world.
On the occasion of the launch of Chiliz Labs, Alexandre Dreyfus, CEO of Chiliz and Socios.com, reflected on the vision of his project:
“Developers who choose the Chiliz blockchain to build their new innovative projects are at the heart of our vision, allowing us to build an ecosystem […] where Fan Tokens provide a “digital key” that can work on any product or experience built on our infrastructure. »
As for the CHZ, the price of the asset has fallen more than 85% since its last high (ATH), the image of many other cryptocurrencies, even if he knew recover almost 36% since the beginning of the year :
ChZ course in Chiliz
Although we are still in the bear market despite the jump in the market at the start of the year, it is very interesting to observe that number of projects continue to build solid foundations for the future. These are therefore encouraging long-term signals for the future of the ecosystem.
👉 Also in the news – Visa confirms its enthusiasm for the crypto and blockchain ecosystem, despite the bear market
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Sources: Chiliz, TradingView
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