Chiliz, a leader in Blockchain technology for Web3 entertainment and sports, has launched Chiliz Labs. This $50 million incubator/accelerator program is backed by Jump Crypto. Chiliz Labs will help early-stage projects that use the Chiliz blockchain to provide entertainment and sports. They also have access to the Socios.com network partner network. Chiliz Labs is working to establish a community of developers and entrepreneurs that focuses on long-lasting, utility-oriented projects. It will soon be announcing its first partners.
LiveLike, FanFest and 8-10 other enterprise-level projects are being announced. These include NFT ticketing pilots and third-party athletes-focused Fan Tokens. Web3 partners are building infrastructure for sports and entertainment.
President of jump Crypto Kanav Kariya praised Chiliz’s unique approach to scaling sports brands and increasing global fan engagement. Alexandre Dreyfus is the CEO of Chiliz, and Socios.com. He stressed that Chiliz’s vision revolves around creating an ecosystem with fan experiences and transactions using Fan Tokens.
Chiliz is well-known for its Fan Tokens and Socios.com rewards and fan engagement app. There are more than 170 partners around the world and more than 1.8 million wallets. Gameused.com is an entertainment and sports memorabilia authentication platform. The company also invested $100 million in FC Barcelona’s digital content distribution and creation hub Barca Digital Entertainment, to help drive the club’s Web3 strategy.
The new Blockchain by Chiliz, which uses $CHZ to enable the network, will be made available publicly soon. This layer-1 blockchain will allow leading brands to create loyalty programs, mint NFTs and fan tokens, create DeFi products, and build Play2Earn games.
In Qatar, the World Cup introduced a lot of new fans to Web 3.
