Chiliz (CHZ), the popular Fan Token platform, has been making waves recently with its CEO, Alexandre Dreyfus, discussing the potential for Fan Token in an interview on Real Vision Crypto with macro expert Raoul Pal. Dreyfus explained that Fan Token has not yet reached its full potential and could be used to promote commerce and partnerships between sports fans and brands.
Fan Token was created to give fans a voice in how sports teams are run, as well as to elevate their status as community members of sports organizations. According to Dreyfus, when Fan Token was first introduced, it was called voice tokens because they wanted to give fans a voice.
Dreyfus explained that owning a Fan Token from a sports organization proves that the holder is part of the community, a passionate fan, and has a stronger voice within the community.
Chiliz is the most popular Fan Token platform currently in use, and it has also developed the Socios.com platform for fans to interact with their favorite clubs. CHZ serves as the native token on Chiliz, functioning as the digital currency for Chiliz and Socios.
Recently, Chiliz announced a collaboration with Jump Crypto to establish a $50 million funding program for Web3 projects in sports and entertainment on Chiliz Chain 2.0 blockchain development projects.
Chiliz also launched its Layer 1 blockchain, causing a 20% increase in its price. As the Fan Token market continues to grow, Chiliz’s potential for collaboration with brands and sports organizations to provide more opportunities for fans to engage with their favorite teams will be exciting to watch.
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