Chiliz Chain 2.0 Goes Live After Long Time Wait Time


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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.

Samira Wilson

Samira Wilson is one of the highly experienced employees among the staff at the StKatesWheel News portal. Samira handles our Finance and Technology column. She is an immense knowledgeable person. She loves reading books, and by book, it means of all the genre. Maximum of the time she is found in the office library searching topics for her articles. She is an excellent team leader and unique in her ways.

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