The sports-focused blockchain company, Chiliz, is broadening its fan token portfolio to include Solana and Base, an Ethereum layer-2 network developed by Coinbase. This move follows the launch of its own layer-1 network in 2023, which is now being replaced by an omnichain distribution strategy. By adopting the Omnichain Fungible Token standard, fan tokens will have a unified supply across all supported chains, eliminating the need for wrapped tokens and fragmented liquidity pools. Chiliz has developed over 70 fan tokens for prominent sports teams, including Paris Saint-Germain, Barcelona, and Manchester City, which utilize these tokens to foster engagement among fans and offer exclusive rewards.
The expansion to Solana and Base is expected to significantly increase trading volume ahead of the upcoming FIFA World Cup, with tokens for the Argentina and Portugal teams already available and more expected to launch in June.