The sports-oriented blockchain platform Chiliz is bolstering its existing portfolio of over 70 fan tokens by integrating with 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. By utilizing 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 community membership, such as a sports team's fan base, and offer exclusive rewards and voting rights.
With the upcoming FIFA World Cup, 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.