The sports-focused blockchain platform Chiliz is broadening its reach by introducing its fan tokens to Solana and Base, a layer-2 network developed by Coinbase. This move comes after Chiliz launched its own layer-1 network in 2023 for hosting token trades, but has since opted for an omnichain 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. Fan tokens represent digital membership in communities such as sports teams, with over 70 tokens developed by Chiliz for teams like Paris Saint-Germain and Barcelona.
These tokens enable teams to engage with fans remotely through 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 tokens for teams like Argentina and Portugal already available.