Chiliz (CHZ) price forecast after the launch of an NFT-Based memorabilia authentication service

Chiliz (CHZ/USD) announced the launch of GameUsed.com, which will provide a full turnkey B2B solution for delivering storage, NFC, and NFT authentication, alongside redemption and sales for memorabilia.

Chiliz (CHZ) is a digital currency for the sports and entertainment industry and is used to power the blockchain-based sports entertainment platform known as Socios.

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Socios enables users to participate in the governance of their favorite sports brands through fan tokens.

NFT-Based memorabilia authentication service as a catalyst for growth

In the latest Chiliz News, Memorabilia providers will receive full digital authentication services through GameUsed.com.

All of the memorabilia featured will be re-authenticated through the utilization of embedded NFC chips, which will, in-turn, let fans and collectors immediately be able to authenticate the memorabilia using their smartphones.

At the point in time when it is NFC chipped, GameUsed.com will mint the corresponding NFT on the Chiliz blockchain.

These NFTs will include customizable digital content which is relevant to them, including sports highlights or creative content, and will even include an official link to each item’s Proof-of-Reserve (PoR).

All of these NFTs can also be delivered to the client for sale or auction, on the native storefront, or through any NFT marketplace that supports the Chiliz Chain 2.0.

The introduction of this solution can drive the value of CHZ further.

Should you buy Chiliz (CHZ)?

On December 20, 2022, Chiliz (CHZ) had a value of $0.110994.

The all-time high of the Chiliz (CHZ) cryptocurrency was on March 13, 2021, at a value of $0.878633. Here we can see that at its ATH, the token was $0.767639 higher in value, or 691% higher.

When we go over the weekly performance, we can see that Chiliz (CHZ) had its low point at $0.106099 while its high point was at $0.146688. Here we can see an increase of $0.040589 or 38%.

In terms of the 24-hour performance, Chiliz (CHZ) had its low point at $0.106092, while its high point was at $0.117753. This marked an increase of $0.011661 or 11%.With this in mind, CHZ can reach a value of $0.14 by the end of December 2022, which means that investors will want to buy CHZ.