In digital currencies, data analytics plays a crucial role in determining market trends and shaping the future of the crypto industry. The latest studies reveal that the utilization of analytics is on the rise, as more investors and traders rely on these tools to make informed decisions.

It has become increasingly evident that those who fail to integrate analytics into their strategy may miss out on valuable opportunities in the volatile crypto market. In addition to helping with price predictions and risk management, analytics can also provide insights into broader market trends and the overall health of the crypto economy.

Moreover, the demand for data-driven insights has only intensified with the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs). As a result, the development of sophisticated analytics tools has become a priority for many companies in the crypto space.

In conclusion, the significance of analytics in the crypto market cannot be overstated. With its ability to shed light on market trends and provide valuable insights, it has become an essential tool for investors and traders looking to stay ahead in this rapidly evolving industry.

The CEO of Chiliz, Alexandre Dreyfus, has announced the launch of the upgraded Chiliz Chain 2.0 (CC2). The new chain utilizes Ethereum Virtual Machine (EVM) technology, offering a fully Ethereum-compatible environment with low network fees.

This upgrade is expected to attract more Web3 developers and brands to join the Chiliz network and build on its blockchain infrastructure for entertainment and sports.

According to the press release, CC2 will facilitate the creation of fan tokens and allow for the issuance of non-fungible tokens (NFTs) and other decentralized finance (DeFi) products, such as play-to-earn games and merchandised certificates.

The CHZ token, the network’s global token, will become more accessible and enable holders to win rewards for staking and delegation.

Chiliz is a well-known cryptocurrency that offers fans the opportunity to mint tokens related to sports events, athletes, and entities, providing them with the tools to engage with their fans through blockchain technology.

The platform has already partnered with over 120 major sports teams and clubs, including popular esports teams, NBA teams, Formula One giants, the UFC, and top football clubs like Manchester City, Paris-Saint Germain, and FC Barcelona.

With the launch of Chiliz Chain 2.0, the CHZ token is set to become a global network, attracting more mainstream brands and entities from the sports and entertainment industries. The new Web 3 ecosystem will allow users to develop new experiences, where the value of the community increases as more participants join. The upgraded Mainnet will enable fans to access global brands and leverage existing partnerships in the entertainment and sports sector.