Chiliz, a sports-focused blockchain, is broadening its reach by introducing its fan tokens to Solana and Base, a layer-2 Ethereum 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 approach.
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. Fan tokens represent community membership, such as a sports team's fan base, and Chiliz has developed over 70 tokens for prominent teams like Paris Saint-Germain and Barcelona. These tokens enable teams to engage with fans remotely, offering exclusive rewards and voting rights. The expansion to Solana and Base is expected to significantly increase trading volume, particularly with the FIFA World Cup approaching.
Chiliz already offers tokens for the Argentina and Portugal teams, with more expected to be announced in June.