Chiliz’s (CHZ) team has announced the launch of SportFi, an ecosystem that will let developers to create fan-centric decentralized apps (dApps) while safeguarding them from intellectual property infringement and fraud, after a string of successful weeks for the CHZ token.
In particular, the SportFi ecosystem was announced in an X thread on October 27 by the finance platform that drives Socios.com, a fan engagement and incentives network through which sports fans may connect with their favorite teams and clubs in novel ways.
The statement says that the newest “groundbreaking development…allows you to create fan-centric applications, explore new solutions, and craft unique experiences.” It also says, “the chances are limitless, and you have the freedom to experiment and innovate without limits.”
As part of Chiliz’s dedication to user and partner security, the business announced that a blacklist function will be added to Chiliz Chain, safeguarding users and partners against intellectual property infringement, threats, and fraud.
As of early October, Tottenham Hotspur of the English Premier League has announced a Fan Token Offering (FTO) for its official SPURS fan token on Chiliz Chain via Socios.com, joining a growing list of major sports clubs issuing their own tokens on Chiliz Chain.
Keep in mind that Chiliz was founded under the worldwide sports and entertainment organization Mediarex Group in Malta six years ago, in October 2018, and as part of its active activity on the blockchain platform Socios, released its CHZ token in October 2018.
The most current data from Finbold on October 27 shows that the price of CHZ has dropped 3.28 percent in the past 24 hours to $0.065, but that this still represents a gain of 12.1 percent over the previous seven days and 11.8 percent over the previous month.
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