Chiliz (CHZ) is the popular fan token platform that recently made waves in the crypto world, CEO Alexandre Dreyfus discussed the potential of fan tokens in an interview with macro expert Raoul Pal at Real Vision Crypto. Dreyfus explained that fan tokens have yet to reach their full potential and can be used to facilitate commerce and partnerships between sports fans and brands.
Fan Tokens were created to give fans a voice in how sports teams are run and to enhance their status as members of the sports organization’s community. According to Dreyfus, when Fan Token was first launched, it was called Voice Token because they wanted to give fans a voice.
Dreyfus explained that owning a sports organization’s Fan Token proves that the holder is part of the community, is an avid fan, and has a stronger voice in the community.
Chiliz, the most popular Fan Token platform out there, also developed the Socios.com platform for fans to interact with their favorite clubs. CHZ serves as the native token on Chiliz, as the digital currency of Chiliz and Socios.
Recently, Chiliz announced a partnership with Jump Crypto to establish a $50 million funding program for sports and entertainment Web3 projects on top of the Chiliz Chain 2.0 blockchain development project.
Chiliz also launched a layer 1 blockchain, which increased its value by 20%. As the Fan Token market continues to grow, the potential for Chiliz to partner with sports brands and organizations to provide fans with more opportunities to interact with their favorite teams is worth looking forward to. .
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according to Kyptos