April 17, 2024

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Fan token firm Chiliz grows staff by 70% despite crypto winter

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Fan token firm Chiliz grows staff by 70% despite crypto winter

Fan token company Chiliz has continued to expand its workforce despite the ongoing bear market, reflecting a growing trend in the fan token sector.

The overall cryptocurrency market has seen a massive selloff in 2022, with the total market capitalization plummeting 60% since the beginning of the year. Some major crypto companies, including Coinbase and Gemini, had to

Fan tokens are a type of cryptocurrency designed to provide community benefits to fans of sports teams, bands and other groups. The Chiliz platform and the fan engagement platform Socios have established fan token partnerships with dozens of sports organizations worldwide, including FC Barcelona, Juventus, Paris Saint-Germain and others.

In March 2022, Chiliz launched the testnet for its new layer-1 blockchain network Chiliz Chain 2.0, also known as CC2. The full CC2 launch is expected to take place in Q4 2022.