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Established in 2018, Chiliz is a blockchain provider specializing in the sports and entertainment industry. The platform builds blockchain-enabled solutions to streamline fan experiences alongside digital assets. CHZ is the native digital token for the Chiliz sports & entertainment ecosystem. It powers Socios.com, ChilizX, and the Chiliz Chain.
Chiliz is the creator of Fan Tokens and launched its own Layer 1 EVM-compatible blockchain. Chiliz Chain aims to be an infrastructure for sports and attract teams, fans, and developers to build web3 products and experiences for fans and brands.
Powered by the platform's digital currency Chiliz ($CHZ), Socios.com is a fan engagement and rewards app that enables fans to engage with teams and clubs via digital assets referred to as Fan Tokens. To prevent counterfeiting, an NFC chip is embedded in each item and stores its data on the blockchain, enabling owners to verify authenticity and ownership with a smartphone.
