Real-time price data provider Pyth Network announced it has officially entered into a partnership agreement with Chiliz.
Chiliz is sports blockchain fintech provider. The company is well-known for its Socios fan engagement platform, which is built on the Chiliz blockchain infrastructure and uses CHZ as its native currency.
Socios.com enables fans to purchase fan tokens from some of the world’s most prominent sports clubs, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI, and UFC.
Fan tokens are viewed as a link between the players, team and the fans, as well as a avenue for getting incentives and other perks.
Chiliz’s Head of Crypto, Joe Grech, stated:
“We are very excited to collaborate with Pyth to establish a decentralized, cross-chain data marketplace for fan tokens.”
Pyth Network Director Mike Cahill said:
“We provide dependable and real-time price data, and Pyth is excited to welcome Chiliz, the world’s premier blockchain financial technology supplier for sports and entertainment, to the Pyth network.”
In recent years, Chiliz is one of the few crypto companies that has continued to hire employees. Furthermore, one of the reasons many investors have great hopes for CHZ’s meteoric rise is the project’s layer 1 blockchain, Chiliz Chain 2.0 (CC2). Its testnet launched in April. The mainnet is slated to go live in the 4th quarter of this year.
Pyth is excited to continue working with more partners to establish the digital data marketplace, which will make institutional-grade, high-fidelity financial data available to anybody. any blockchain-based application
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