Chiliz, a leader in blockchain solutions for the sports and entertainment industry, has launched “Scoville”, the testnet for Chiliz Chain 2.0 (CC2), the first tier 1 blockchain created specifically for the sports and entertainment industries. CC2 will allow organizations and brands in these industries to create NFTs, Fan Tokens and other DeFi products and Play2Earn games, as well as loyalty and merchandising programs with huge potential for Web3. When you decide to gamble your money you should choose the best online casino site.
CC2 will be powered by the $CHZ token, marking a huge evolution in the usefulness of this cryptocurrency, which until now was only used to buy and sell sports fan tokens on the Socios.com platform. From now on, it will be the currency of use in Chiliz’s new multi-vertical ecosystem.
The launch of this testnet is the most significant milestone for Chiliz since the company revolutionized sports fan engagement with the creation of Fan Tokens and the launch of the Socios.com app in 2019. Since then, more than 130 sports organizations across around the world use their Blockchain technology to actively connect with their fans through Fan Tokens and the Socios.com app, where sports fans can participate in the daily life of their favorite teams through surveys, enjoy of exclusive promotions and discounts, qualify to win prizes and rewards, and much more.
Developed in collaboration with Ankr, a leading provider of decentralized infrastructure, CC2 is EVM compatible and has gas rates up to 200 times cheaper than ETH. CC2 also offers high transactions per second (TPS), allowing developers to interact through smart contracts quickly and efficiently.
CC2 uses a PoSA (Proof-of-Stake Authority) model, which is estimated to be up to 200 times more energy efficient than the Proof-of-Work model, thus encouraging $CHZ owners to stake their tokens. Approved organizations, which may include some of Socios.com’s current official partners, will also be able to become validators and thus benefit from the growth of the ecosystem, ensuring greater decentralization.
CC2 is a secure, community-driven network-effect that will expand as Chiliz expands Socios.com’s list of partners and incorporates other sports and entertainment organizations to create products, services, and Web3 experiences on the blockchain. . Socios.com’s current list of partners includes Paris Saint-Germain, FC Barcelona, Juventus, AC Milan, Inter Milan, Napoli, Valencia, Atlético Madrid, Manchester City and Arsenal, 50 franchises from the NBA, NHL and NFL, as well as the UFC, Formula 1 teams, sports clubs and much more.
The words of Dreyfus, CEO of Chiliz and Socios.com
Alexandre Dreyfus, CEO of Chiliz and Socios.com, says: “Thanks to our 130+ partners and our relationship with the world’s leading exchanges, CC2 is already a great layer 1 blockchain. by the community, where our existing partners and many other sports and entertainment brands will be able to create all kinds of products and services for Web3. And all of that is powered by $CHZ.”
“In many ways, this is the most important step for our project since launching the Socios.com app in 2019, and it is a giant step forward for the $CHZ token, which will be the most important locking currency in sports and entertainment.” adds Dreyfus.