Chiliz built the Socios.com sports fan engagement platform on the Chiliz blockchain infrastructure. It utilises chiliz crypto as the platform’s exclusive currency.
It aims to elevate the everyday experiences of the fans through entertainment, non-traditional payment methods for conventional products, and so on. Chiliz provides blockchain-based tools to assist sports and entertainment entities in engaging and monetising their audiences.
Alexandre Dreyfus is a seasoned entrepreneur who has worked in the gaming and sports sectors for years as the Founder and CEO of Chiliz and Socios.
Chiliz raised the entire required amount of over $66 million in 2018. So, they may not come out for a public issue. But, you can buy Chiliz on various crypto exchanges like CoinSwitch .
The Socios platform is built on top of two distinct blockchains: a sidechain that has been granted permission and Ethereum’s primary blockchain. Investors have raised the issue of centralisation because the permissioned sidechain is a private rather than a public chain, investors have raised the issue of centralisation.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
Chiliz Coin provides blockchain-based tools to assist sports and entertainment entities in engaging and monetising their audiences.
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