Chiliz is celebrating a transformative 2023, marked by the rise of SportFi, a synergy that redefines the sports and entertainment industry through innovation and fan engagement. This dynamic combination has propelled Chiliz to unprecedented heights, changing the game with significant milestones.
Founded in 2018, Chiliz has secured its place in the Blockchain arena by focusing on solutions for sports and entertainment. At its core is the native token CHZ, which powers platforms like Socios.com, ChilizX, and Chiliz Chain, enhancing fan experiences.
Socios.com, backed by CHZ, stands out as a fan engagement and rewards app that connects fans with their favorite teams through digital assets known as Fan Tokens. The introduction of Chiliz Chain in 2023 further solidifies Chiliz’s commitment to revolutionizing fan engagement and asset ownership.
In February 2023, Chiliz celebrated its fifth anniversary by launching Chiliz Chain, a native Layer 1 Blockchain. This platform serves as a playground for developers creating SportFi applications, setting the stage for an extraordinary year where global sports organizations embraced the potential of web3 for fan engagement. Chiliz Chain enabled unprecedented growth in a year where sports and Blockchain intersected, from NFT minting to DeFi products and web3-ready ticketing solutions.
Chiliz Labs, a $50 million incubator and accelerator program launched in 2023, underscores Chiliz’s commitment to fostering innovation. Strategic partnerships and acquisitions, including a 20% stake in MatchWornShirt, position Chiliz as a significant player in sports memorabilia authentication. Over 25 collaborations with projects like Blockasset and LiveLike have expanded the SportFi ecosystem, creating a diverse playground for fans. Socios.com has witnessed remarkable growth with a 30% increase in users and the addition of major clubs like Tottenham Hotspur.
Chiliz Chain recorded over 3 million transactions in 2023, contributing to a cumulative revenue of $437 million for the sports industry. As Chiliz prepares for 2024, it continues to focus on expanding SportFi and promises fans an exciting journey where innovation knows no bounds. As the groundbreaking year of 2023 closes, Chiliz’s pioneering role at the intersection of Blockchain and sports sets the stage for an even more thrilling movement in 2024, with investors eagerly anticipating the impact of these developments on the token’s price.