Football Fan Tokens that are built on the Chiliz sports blockchain have seen a recent listing spree on crypto exchanges.
The World Cup is just around the corner, and anticipations are high for the Chiliz ecosystem.
The first match of the FIFA World Cup will be played in Qatar on November 20th. The biggest sporting event in the World is expected to be a massive boost for Web3 adoption with sponsorships from Crypto.com and Visa. There is also excitement surrounding Fan Token ecosystems like Chiliz.
Chiliz Football Club and National Team Fan Tokens
Chiliz powers Socios.com, the creators of Fan Tokens for various football clubs such as Manchester City (CITY), Paris Saint-Germain (PSG), Arsenal FC (AFC), AC Milan (ACM) and FC Barcelona (BAR).
It is also the blockchain behind the Italian National Team Fan Token (ITA), Portugal National Team Fan Token (POR) and the Argentina National Team Fan Token (ARG). Portugal and Argentina both qualified for the 2022 World Cup.
Chiliz Ecosystem sees an Exchange Listing Spree
Since mid-October, the Chiliz ecosystem has seen a listing spree on crypto exchanges. The Poloniex exchange announced the listing of CITY, AFC and PSG Fan Tokens on October 24th. Then, on November 2nd, Phemex listed six fan tokens from major football clubs for spot trading. On the same day, Bitrue enabled trading USDT pairs of BAR and PSG. The next day, the BitMart exchange announced a giveaway to celebrate the fan token listings of PSG, CITY and ACM.
It’s not just football clubs that have seen this increase in listing activity. Exchanges also listed Fan Tokens for national football teams. The Italian National Team Fan token has been listed on Bitget, Huobi, MEXC Global, and BitMart over the past couple of weeks. BitMart also listed the Portugal National Team Fan token.
Chiliz also recently announced ChilizX- their native exchange for fan tokens. They have plans for their native chain- Chiliz Chain 2.0 (CC2), which will be an Ethereum Virtual Machine (EVM) compatible chain.
Chiliz price action
The price of the Chiliz token (CHZ) has rallied since mid-October as the World Cup approaches
Last week, the FTX-Binance situation led to a decline in the entire crypto market. The price of CHZ declined last week as well with the overall market, but is now bouncing back.
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