The sports-centric blockchain platform Chiliz is broadening its reach by introducing its extensive range of over 70 fan tokens to Solana and Base, the Ethereum layer-2 network developed by Coinbase. Initially, Chiliz launched its own layer-1 network in 2023 to facilitate 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 token wrapping or fragmented liquidity.
Fan tokens represent community membership, such as a sports team's fan base, with Chiliz having developed tokens for prominent European soccer teams like Paris Saint-Germain, Barcelona, and Manchester City. These tokens enable teams to engage with fans remotely by offering exclusive rewards and voting rights. With the FIFA World Cup approaching, Chiliz aims to significantly increase token trading volume through its expansion to Solana and Base, with tokens for the Argentina and Portugal teams already available and more expected to launch in June.