The sports-centric blockchain platform, Chiliz, is broadening its reach by introducing its extensive range of fan tokens to Solana and Base, a layer-2 Ethereum network developed by Coinbase. This strategic move is part of Chiliz's transition to an omnichain distribution model, as announced on Tuesday. By adopting the Omnichain Fungible Token standard, fan tokens will be unified across all supported chains, eliminating the need for token wrapping or fragmented liquidity.
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 fan engagement and offer exclusive rewards. With the upcoming FIFA World Cup, Chiliz aims to significantly increase trading volume for these tokens by expanding to Solana and Base, with plans to unveil more team tokens in June.