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Chiliz (CHZ), a blockchain platform that provides infrastructure solutions for the sports and entertainment industry, has entered into a multi-year partnership with the K League, South Korea's professional football league. The goal of the partnership is to increase fan engagement with the league through blockchain technology.
CHZ token is the leading digital currency for sports and entertainment, powering the Socios.com platform, where fans can buy and trade branded fan tokens as well as participate in surveys and polls related to their favorite clubs.
In an announcement released on February 19, 2024, Chiliz stated that the K League will join the Chiliz Chain ecosystem, an Ethereum-compatible blockchain network and supporting web3 products and experiences for sports and entertainment.
Benefits of Chiliz (CHZ) Partnership with K League
One of the benefits of this partnership is the integration of the K League's official fantasy game, called 'K League Fantasy', into the Chiliz Chain ecosystem. The game allows fans to create their own fantasy football team by using digital player cards, which are non-fungible tokens (NFTs) that cannot be duplicated. Fans can then compete against each other based on the real performance of their player cards
In addition, the K League will also be the first sports organization to become a node validator on Chiliz Chain. This means that the K League will play an important role in maintaining the integrity, security, and governance of the blockchain network. The K League will also be involved in the voting process for proposals in the chain, which may influence the development and innovation of the ecosystem.
Also Read: Fan Token, Your Access Key to Your Favorite Football Club
The partnership was unveiled in Seoul, the capital of South Korea, with the announcement that all balls scored in the K League will be secured and presented to fans using blockchain technology. It aims to revolutionize fan participation for millions of K League followers, who can have unique and precious mementos of their favorite leagues and teams.
This isn't the K League's first step into the crypto world. In 2020, the K League signed a licensing agreement with Sorare, a blockchain-powered fantasy football platform. Sorare allows fans to collect and play with digital player cards from over 400 clubs from around the world, including over 400 players from the top division of the K League.
Three years later, the K League has added a new partnership with Chiliz, which also has a portfolio of well-known clubs from around the world, such as Manchester City, Paris Saint-Germain, FC Barcelona, Inter Milan, Arsenal FC, Fluminense, and Flamengo.
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Chiliz becomes official Serie A partner
Chiliz is also an official partner for Lega Serie A, Italy's premier professional football league. The partnership gives Lega Serie A fans the opportunity to bid on the match ball used during key league matches every week. This match ball, which is taken off the field after a goal is scored, is authenticated using Chiliz blockchain technology.
Dengan kemitraan ini, Chiliz dan K League menunjukkan komitmen mereka untuk memanfaatkan teknologi blockchain untuk meningkatkan keterlibatan penggemar dengan olahraga. Ini juga merupakan bukti dari pertumbuhan dan potensi industri kripto dan NFT dalam bidang olahraga dan hiburan.
Cara Beli Chiliz (CHZ) di Bittime
You can buy and sell Chiliz (CHZ) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Chiliz (CHZ) is available on Bittime with the market pair CHZ/IDR. To be able to buy CHZ IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Chiliz (CHZ) on Bittime.
Monitor the price chart movements of Chiliz (CHZ), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also: Get to know PSG Token: Paris Saint-Germain's Official Cryptocurrency
Fan Token: A Combination of Blockchain with Football Fans
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
significant from time to time and Bittime is not responsible for changes in fluctuations of crypto asset exchange rates.
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