The leading blockchain provider in sports is set to expand its network in the US with a $50 million grant.
Chiliz (CHZ) has recently been in the highlights following the rising popularity of NFTs and the improving infrastructure supporting the nascent market. This has resulted in triple-digit rallies for CHZ.
Moreover, analysts are still bullish on Bitcoin to pump in April despite dropping below $55K, once again. Chiliz is in a good position following the announcement of US expansion. The sports-based blockchain platform is really making a mark and now, it has listed itself on Bitcoin.com Exchange, HitBTC, and Changelly platform.
Chiliz (CHZ) is one of its types in the crypto market, which gives it an advantage over other digital assets. Chiliz is a currency option for blockchain-backed products and services geared towards mainstream consumers.
One of the biggest developments that took place recently was the listing of CHZ on Bitcoin.com on 3rd March 2021 and later on Changelly. This will allow more users to access digital access on the top-ranked crypto exchanges.
Chiliz developed the Socios.com sports fan engagement platform which is built on the Chiliz blockchain infrastructure and uses CHZ/USD as its exclusive on-platform currency. The digital asset has collaborated with 23 renowned sporting clubs of Europe which include FC Barcelona, Juventus, AC Milan, Atlético de Madrid, Paris Saint-Germain, Trabzonspor, Galatasaray, among them.
Moreover, leading esports networks including OG, NAVI, Alliance, and Team Heretics have launched Fan Tokens on Socios.com. While, the most famous MMA organization, UFC has also signed a global fan engagement agreement with Chiliz.
Following these achievements, Chiliz is expected to partner with more sporting brands in the US. In that premise, the digital platform has plans to invest $50 million in its expansion to the United States. The CEO of Chiliz, Alexandre Dreyfus highlighted that the company has big plans for the US.
As per the CEO, Chiliz is also working towards a massive expansion of its network with Formula One and eSports teams. The blockchain platform is fully committed to its US project, which is its key focus at the moment. For that reason, they are launching a New York office, which would be part of a $50 million investment in the sports industry in the country.
Chiliz (CHZ) has already made millions in revenues from sporting events across Europe. Dreyfus added that in 2020, they shared more than $30 million with their partners and expect to double their sharing up to $60 million this year.