Chiliz (CHZ) is the blockchain network behind the Socios.com fan engagement platform, which focuses on the world of sports by helping fans interact with their favorite teams and players.
Data shows that between September 29 and October 31, the price of CHZ climbed 171% with recent developments including the launch of live games NFT pushing the price higher.
NFT Live In-Game
Chiliz’s first live NFTs were dropped for a game between AC Milan and AS Roma which was played on October 29.
Live NFTs in the game are created as the game progresses and they are based on key moments from live matches as they occur and they are deposited in the wallet of fans who correctly predict the outcome of the match.
The announcement of this new method of distributing NFTs generated a lot of interest among fans and the demand for tokens continued to increase in the weeks following the launch of live game NFTs.
In-game NFT token list creates momentum for CHZ token
NFTs hit in-game by Chiliz are listed by Binance, causing CHZ token momentum to build up.
Examples of fan tokens issued on Chiliz and listed on Binance include the ManCity Fan token ($ CITY).
➡️ https://t.co/LvGgKeympQ pic.twitter.com/4V5OP63GFS
– Binance (@binance) November 10, 2021
Fans can earn Fan Tokens like $ CITY listed on Binance by staking BNB, CHZ, and BUSD tokens.
Other exchanges like OKEx have also expressed interest in Chiliz minted fan tokens list and it might be a matter of time before he starts listing the tokens.
Besides in-game NFTs (fan tokens), the Chiliz ecosystem has also grown rapidly in recent months through partnerships with several sports and entertainment companies.
The most recent partnership is the partnership with Kraft Sports and Entertainment which will bring the New England Patriots of the National Football League (NFL) and the New England Revolution of Major League Soccer to join the Chiliz and Socios ecosystem.