A Record-Breaking Year for Chiliz, SportFi and Fan Engagement

SportFi is a term that refers to the convergence of sports and web3, where fans can interact with their favorite teams and athletes through blockchain-based applications and digital assets like Chiliz. SportFi enables fans to have a more immersive and rewarding experience, while also creating new revenue streams and opportunities for the sports industry.

Chiliz is a blockchain provider that specializes in the sports and entertainment sector. It offers scalable, secure, and innovative solutions that enhance fan engagement using digital assets such as Fan Tokens and NFTs. Fan Tokens are fungible tokens that represent a share of influence or decision-making power in a sports club or organization, while NFTs (Non-Fungible Tokens) can represent anything from real-life assets to unique digital collectibles or memorabilia.

One of Chiliz’s flagship products is Socios.com, a fan engagement and rewards app that allows fans to buy, sell, and trade Fan Tokens, as well as participate in exclusive polls, games, and events. Socios.com works with some of the biggest names in sports, such as FC Barcelona, Juventus, Paris Saint-Germain, and Manchester City.

Chiliz’s and Socios.com’s blockbuster year in review

In 2023, Chiliz celebrated its fifth anniversary and achieved several milestones that marked its dominance in the SportFi sector:

• Launching its own Layer 1 blockchain, Chiliz Chain, which supports various SportFi use cases such as NFT minting, Fan Tokens, DeFi products, web3-ready ticketing, and more.
• Establishing a $50M Chiliz Labs program to incubate and accelerate promising blockchain projects in sports.
• Acquiring a 20% stake in MatchWornShirt, a platform that uses blockchain to verify the authenticity of sports collectibles.
• Partnering with over 25 projects to create a diverse and vibrant SportFi ecosystem, such as Blockasset, FanFest, LiveLike, Football at AlphaVerse, TopGoal Footballcraft, and Lillius.
• Initiating the One Shirt Pledge campaign with Common Goal, a sports charity, to use blockchain for social good. Athletes donate their match-worn shirts that are authenticated on Chiliz Chain and auctioned for charity, combining sports legacy with philanthropy.

The Socios.com app also had a remarkable year in 2023, with a 30% increase in users across 160 countries and the addition of major clubs such as Tottenham Hotspur from the English Premier League. The app also introduced new features such as Locker Room, where fans can lock their tokens to get unique digital collectibles, and launched over 3,000 Fan Polls, where fans can vote on various aspects of their clubs, such as kit designs, squad numbers, celebration songs, and more. Moreover, the app rewarded 50,000 fans with signed merch, match tickets, and VIP experiences.

Chiliz Chain also recorded impressive numbers in 2023, with more than 3 million transactions and $437 million in revenue generated for the sports industry. Chiliz aims to continue its growth and innovation in 2024 and to bring SportFi to the mainstream for the benefit of clubs and fans alike.