.Chiliz, the blockchain-based platform behind Socios, has unveiled Chiliz Labs, a $50 million incubator program backed by Jump_. By JamieCrawleyCD
, such as soccer's FC Barcelona, Juventus and Manchester City, looks to ramp up competition with digital trading card company Sorare, which has deals with all five of Europe's top national soccer leagues. Sorare raised more than $600 million in funding last year, while Chiliz has garnered about $66 million. or offering fan tokens similar to those on Socios, which fans buy to gain access to VIP experiences and the chance to vote on minor matters in the running of the clubs.
"Through these Web3 or digital membership program, teams can reach and 'own' their global audiences, audiences and fan communities currently only reached by social media companies," Dreyfus told CoinDesk. Chiliz blockchain is EVM-compatible and runs a proof of stake authority validation system. Its native token CHZ has a
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