Chiliz (CHZ) the ecosystem specialising in fan tokens, has unveiled a $50m incubator in partnership with investment fund Jump Crypto.
Chiliz launches its own blockchain incubator with Jump Crypto
Chiliz (CHZ), the blockchain ecosystem specialising in sports and entertainment, has unveiled an incubator programme in collaboration with investment fund Jump Crypto. The Web3 accelerator, called Chiliz Labs, has a budget of $50 million:
We are pleased to announce the launch of our $50M USD incubator and accelerator programme Chiliz Labs!
Backed by @jump_ Chiliz Labs will foster viable and innovative early-stage blockchain projects looking to leverage the new Chiliz blockchain.
⚡️ $CHZ
– Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) March 1, 2023
This is another milestone for the project, less than a month after the official launch of its own blockchain on 8 February.
Still focused on sports and entertainment, the fund aims to support young Web3 projects to help them get started. Kanav Kariya, President of Jump Crypto, expressed his support for Chiliz’s initiative:
“We will continue to work closely with Chiliz to bring our expertise in blockchain and cryptocurrencies to the sports and entertainment industries, helping to organise community events such as hackathons. “
A fan-centric ecosystem
Chiliz is notably known for having powered the fan tokens of the PSG or FC Barcelona football teams, through its Socios.com platform. Last year, the famous Argentine footballer Lionel Messi became its ambassador.
To date, the Chiliz ecosystem has 82 fan tokens in various disciplines and more than 150 sports partners around the world.
On the occasion of the launch of Chiliz Labs, Alexandre Dreyfus, CEO of Chiliz and Socios.com, spoke about the vision of his project:
“Developers are the most important part of the Chiliz ecosystem.
“Developers who choose the Chiliz blockchain to build their innovative new projects are at the heart of our vision, allowing us to build an ecosystem […] where Fan Tokens provide a “digital key” that can run on any product or experience built on our infrastructure. “
As for CHZ, the asset’s price has fallen more than 85% since its last high (ATH), mirroring many other cryptocurrencies, though it has managed to recover nearly 36% since the beginning of the year:
Chiliz CHZ price
Although we are still in a bear market despite the market surge at the beginning of the year, it is very interesting to see that many projects are still building a solid foundation for the future. So these are encouraging long-term signals for the future of the ecosystem.
