Pyth Network Announces Partnership With Chiliz

Pyth Network has officially entered into a collaboration agreement with the Chiliz ecosystem and Socios.com. Chiliz will provide Pyth the fan token information.

Chiliz is a cryptocurrency that may be used to purchase blockchain-powered products and services aimed at the general public. Chiliz is well-known for its sports fan interaction platform, which is built on 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 player team and the fans, as well as a requirement 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 stated:

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 groups that has continued to push recruitment. 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), which debuted its testnet in April. The mainnet is slated to go live in the fourth 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

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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