The cross-chain bridge site ChainPort now supports Chiliz, facilitating the safe and easy transfer of tokens between Chiliz and other platforms with improved interoperability.
Users can connect Chiliz’s native token, wrapped CHZ, to Ethereum through ChainPort. With the CHZ bridge contract, Chiliz Chain token holders can exchange their CHZ for Ethereum tokens and Ethereum tokens for CHZ, and vice versa.
ChainPort is a next-generation cross-chain bridge that places security first while maintaining full functionality. With ChainPort, you can easily port tokens across 22+ blockchains within minutes.
A few features set ChainPort apart as a cutting-edge blockchain bridge. The two that stand out the strongest are an emphasis on security and ease of use. It is the first security-focused bridge in this space that stores up to 98% of all tokens in cold storage wallets at all times.
ChainPort is connected to external bridging protocols that allow permissionless burning and minting of native tokens. Its Hybrid Bridging feature combines lock-and-mint and native bridging methods, enhancing interoperability while maintaining security and efficiency for tokens.
Users can bridge and swap assets such as stablecoins or other large-wrapped tokens from ChainPort’s liquidity pools.
More About his Integration of Chiliz on Chain Port
Chiliz (CHZ) is a sports blockchain platform allowing sports fans unique experiences with their favorite teams through crypto and NFTs.
Inspired by the socios of Spanish soccer teams, where an annual subscription grants fans access to early ticket and club voting rights, Chiliz leverages blockchain technology to enable a new kind of direct engagement between fans and their favourite sports teams.
Users can now bridge tokens to and from Chiliz securely and easily, with better interoperability, thanks to the integration of the Chiliz Chain that Chain Port has finally implemented. The bridging of USDT and USDC to the Chiliz Chain is another service that ChainPort will enable in the future.
How to Bridge CHZ from Chiliz Chain to CHZ on Ethereum
- Link your wallet using the ChainPort app. ChainPort supports wallets such as Connect, Ledger, Trezor, Coinbase Wallet, and Metamask.
- Make your selection from the menu for the source chain and the target blockchain. Here, the Chiliz Chain is the source chain, and Ethereum is the target chain. The next step is to decide the token you want to bridge by using the dropdown menu and choosing CHZ.
- Please read all of the associated documents before finalizing the deal. The amount of CHZ tokens, gas fees, and source and target blockchains are all detailed here. Please wait a few minutes and then approve the transaction once all the information is confirmed.
- You will be rewarded with CHZ on Ethereum once the transaction is completed.
This collaboration is a huge step in the DeFi and blockchain industry as more and more platforms are working on crypto and blockchain adoption.
Source: https://blockchainreporter.net/chiliz-x-chainport-enhancing-interoperability-token-bridging/