Chiliz Labs: The $50M Incubator Backed By Jump Crypto Is Now Live

Key Points:

• Chiliz, a blockchain-based sports and entertainment company, has launched Chiliz Labs, a $50 million incubator backed by Jump Crypto.
• Jump Crypto will work with Chiliz Labs to identify promising startups and provide guidance and advice to entrepreneurs.

Chiliz, a blockchain-based sports and entertainment company, has launched Chiliz Labs, a $50 million incubator backed by Jump Crypto. The incubator aims to support blockchain startups by providing funding, expertise, and access to Chiliz’s network of partners and clients.

Jump Crypto, a blockchain investment firm, will support Chiliz Labs, working alongside the incubator’s team to identify promising startups and provide guidance and advice to entrepreneurs. Jump Crypto has invested in several successful blockchain projects, including Solana, Near, and Oasis Labs.

Chiliz has developed a unique solution to one of the most salient problems that sports teams and leagues face, which is how to sustainably and affordably scale their brands and maximise fan engagement globally.

Kanav Kariya, President of Jump Crypto, said

Chiliz Labs is part of Chiliz’s broader mission to drive the adoption of blockchain technology in the sports and entertainment industry. The company has already launched several successful blockchain-based platforms, including fan engagement platform Socios.com and token exchange platform Chiliz.net.

Chiliz’s CEO, Alexandre Dreyfus, said that the launch of Chiliz Labs is an essential step in the company’s growth and in the wider adoption of blockchain technology. He said that the incubator would support startups working on innovative blockchain solutions that can drive the adoption of blockchain technology across industries.

At Chiliz, we’re harnessing blockchain technology to build communities where sports teams can have a direct relationship and value exchange with their fans. Developers choosing the Chiliz Chain to build their new innovative projects is central to our vision, allowing us to build an ecosystem of fan experiences and transactions where Fan Tokens provide a ‘digital key’ which can work across any products or experiences built on our infrastructure.

The incubator is open to entrepreneurs from around the world and is looking for projects focused on building decentralized applications, improving financial systems, and revolutionizing the entertainment industry through blockchain technology.

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