In a strategic move to enhance fan engagement, Chiliz, a blockchain platform specializing in sports, is broadening its reach by introducing its fan tokens to Solana and Base, an Ethereum layer-2 network developed by Coinbase. This expansion comes after Chiliz launched its own layer-1 network in 2023, marking a transition towards what the company terms 'omnichain distribution'.
By adopting the Omnichain Fungible Token standard, fan tokens will have a unified supply across all supported chains, thereby eliminating the need for wrapped tokens and fragmented liquidity. Chiliz has developed over 70 fan tokens for prominent sports teams, including Paris Saint-Germain, Barcelona, and Manchester City, offering fans exclusive rewards and voting rights. With the FIFA World Cup approaching, Chiliz aims to significantly increase trading volume for these tokens, particularly with the introduction of new tokens for national teams like Argentina and Portugal.