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. Initially, Chiliz launched its own layer-1 network in 2023 for token trading but is now adopting an omnichain approach.
This strategic move enables the use of Omnichain Fungible Tokens, ensuring a unified supply of fan tokens across all supported chains and eliminating the need for wrapped tokens or fragmented liquidity pools. 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 engagement among fans and offer exclusive rewards. With the upcoming FIFA World Cup, Chiliz anticipates that its expansion to Solana and Base will significantly increase trading volumes for these tokens, particularly with the introduction of new tokens for national teams like Argentina and Portugal.