“Chiliz Chain Unleashes SportFi’s Record-Breaking 2023: Unparalleled Growth and Success!”

Dec 18, 2023

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Chiliz: A Record-Breaking 2023 for SportFi

Summary

Chiliz, the blockchain-based platform for fan interaction, achieved new milestones in 2023. With the launch of Chiliz Chain and numerous collaborations, SportFi, the intersection of web3 and real-world sports, experienced unparalleled growth and success. The company’s revenue for the sports sector reached $437 million, and it aims to continue expanding its offerings in the coming year.

Introduction

Chiliz celebrated its fifth anniversary in 2023, marking the occasion with the introduction of Chiliz Chain. This native Layer 1 platform has become essential for developers building SportFi apps, enhancing Chiliz’s Socios.com app used by international sports organizations to increase fan interaction.

Main Points

  • The introduction of Chiliz Chain has led to an increasing number of international sporting associations embracing web3 technology for fan loyalty and community development.
  • Chiliz Chain supports various SportFi use cases, including web3-ready ticketing, Fan Tokens, NFT minting, DeFi products, and creative games.
  • Chiliz Labs established a $50 million incubator and accelerator program to support sports-related blockchain startups.
  • Chiliz acquired a 20% share in MatchWornShirt to utilize blockchain technology and improve sports memorabilia authenticity.
  • Collaborations with more than 25 partners, including Blockasset, FanFest, LiveLike, Football @ AlphaVerse, TopGoal Footballcraft, and Lillius, have enhanced the SportFi ecosystem.
  • One Shirt Pledge, in collaboration with Common Goal, promotes the use of blockchain technology for philanthropy. Athletes donate match-worn shirts verified by Chiliz Chain to charitable auctions.
  • The Socios.com app experienced significant growth, with a 30% increase in users across 160 countries. Prominent English Premier League teams, such as Tottenham Hotspur, joined the platform.
  • The app introduced Fan Polls, allowing fans to vote on kit designs, squad numbers, celebration songs, and more. Fans also gained access to Locker Room, where they can lock tokens to obtain unique digital collectibles.

Conclusion

In 2023, Chiliz and SportFi witnessed remarkable achievements, with Chiliz Chain facilitating growth in the industry. The revenue generated from Chiliz Chain transactions reached $437 million, proving the platform’s success. Chiliz aims to build on these accomplishments and further establish SportFi as a mainstream phenomenon in 2024.

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