The sports-focused blockchain Chiliz is broadening its reach by introducing its fan tokens to Solana and Base, a layer-2 Ethereum network developed by Coinbase. This move is part of Chiliz's shift towards omnichain distribution, announced on Tuesday. By adopting an Omnichain Fungible Token standard, fan tokens will be accessible across various supported chains, eliminating the need for wrapped tokens and ensuring unified liquidity.
Chiliz has developed over 70 fan tokens for prominent sports teams, including Paris Saint-Germain, Barcelona, and Manchester City. These tokens enable teams to engage with fans remotely, offering exclusive rewards and voting rights. With the FIFA World Cup approaching, Chiliz aims to significantly increase trading volume for these tokens by expanding to Solana and Base, with more teams expected to be added in June.