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Blockchain-based fan token platform Chiliz has launched a $50 million incubator and accelerator program to fund early-stage projects in the sports and entertainment industries that use the Chiliz blockchain. 

Chiliz Labs stated that they would foster innovative early-stage blockchain projects willing to leverage the Chiliz blockchain for sports and entertainment.

Chiliz is shaking up the world of sports and entertainment with its latest announcement – a whopping $50M incubator and

The company said the funds will be invested into early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network.

The incubator dubbed Chiliz Labs will support early-stage web3 sports and entertainment projects that build on the company's layer 1 blockchain launched in February.Investment company Jump Crypto backs the $50 million incubator initiative, per an official announcement on Wednesday.The company's new Ethereum Virtual Machine-compatible blockchain will expose builders and developers to crypto's largest altcoin and DeFi network.  Blockchain-powered fan token company Chiliz unveiled plans for a $50 million incubator initiative to invest in early-stage web3 startups focused on sports and entertainment.

Chiliz program aims to create an ecosystem for entrepreneurs and developers to build long-lasting, utility-oriented projects.

Chiliz Labs will invest in early stage Web3 projects in sports and other entertainment sectors that will build on the layer 1 blockchain.

There are multiple factors that determine the price of a cryptocurrency, including demand and supply. An increase in the circulating supply without a demand shift may push down the price.

The world's largest crypto exchange platform by volume is adding Shiba Inu (SHIB) and three other altcoins to its list of verifiable crypto assets. In a new company blog post, Binance says its introducing zero-knowledge (zk) SNARKS, a verification method that keeps information secure, to its proof-of-reserves identification system.

EVM-compatible Chiliz Chiliz 2.0 Blockchain as fan tokens rise.

On 8 February, Chiliz [CHZ] announced that its recently launched chain 2.0 had produced its first block. According to the tweet shared by its CEO Alexandre Dreyfus, the event occurred at exactly 8:08 am UTC.

As part of its fifth anniversary, fan token platform Chiliz has validated the genesis block of its brand-new L1 EVM-compatible blockchain.

Fan token platform Chiliz validates the genesis block of its new layer-1 EVM compatible blockchain to mark its five year anniversary.

Today, the Chiliz blockchain and its CHZ cryptocurrency, created for the entertainment and sports industry, announced the launch of its new Chiliz Chain 2.0 Mainnet.  Related Reading: Litecoin Sets Eye On $107, But It Needs To Cross This Major Hurdle Alexandre Dreyfus, Chiliz CEO, announced the launch via Twitter.

Blockchain technology company for the sports and entertainment industry Chiliz (CRYPTO: CHZ) is marking its fifth anniversary by rebranding and launching a new layer-1 blockchain. The genesis block of the new EVM-compatible Chiliz blockchain has been validated, and the launch of the new chain is expected to attract more Web3 developers and brands.

Marking its fifth anniversary, sports-focused crypto startup Chiliz has officially unveiled its own layer-1 EVM-compatible blockchain.

As Chiliz comes out with new look, fans hope blockchain will blow out many more birthday candles in the future.

CHZ token rises by 30% as Chiliz expands Web 3 platform with a new EVM-compatible L1.

The Chiliz token (CHZ) is expected to be the "fuel" for the newly-released blockchain.

Chiliz, a blockchain provider focused on the Web3 sports and entertainment industry, is celebrating its fifth anniversary with a rebranding and then with a piece of big news: the genesis block of the new Layer-1 EVM-compatible Chiliz blockchain, Chiliz chain 2.0, has been validated.

The blockchain-powered sports fan token launched its own layer 1 decentralized network on Tuesday.Chiliz's L1 chain is compatible with the Ethereum Virtual Machine program, allowing developers to broadcast smart contract codes on Ethereum's blockchain.The protocol's token CHZ pumped as high as 20% on the news. Blockchain sports coin Chiliz announced the launch of its brand new layer 1 decentralized chain aimed at driving growth around non-fungible tokens (NFTs) and on-chain gaming tied to reach world sports franchises.

Chiliz has alerted the developers and brands on its fifth anniversary that the validation of the exclusive blockchain has been accomplished.

Chiliz, the blockchain-based sports token that allows fans to own tokens tied to respective teams, has validated the genesis block of its new layer-1 blockchain.

It's a divergent market in the crypto sector today.