The sports-centric blockchain platform Chiliz is broadening its fan token offerings to include Solana and Base, the layer-2 Ethereum network developed by Coinbase. Initially, Chiliz launched its own layer-1 network in 2023 for token trading but is now adopting an omnichain approach. By utilizing 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. Fan tokens represent community membership, such as a sports team's fan base, with over 70 tokens developed by Chiliz for prominent European soccer teams.
These tokens enable teams to foster engagement among fans by offering exclusive rewards and voting rights. With the upcoming FIFA World Cup, Chiliz aims to significantly increase trading volume for these tokens by expanding to Solana and Base, with tokens for the Argentina and Portugal teams already available and more expected to launch in June.