• Chiliz have launched an incubator for early stage projects and have invested $50M into it.
• The native CHZ token failed to reclaim the $0.15 support line for a month and has lost a significant market cap since the birthday celebration.
• Chiliz 2.0 is preparing to roll out pilot systems for NFT tickets and plans on launching mainnet in the next couple of weeks

Chiliz Launches Incubator

Chiliz has launched an incubator and accelerator programme, Chiliz Labs, which will be backed by crypto investment fund Jump Crypto. This programme will provide developers with a stipend if they are building an-early stage product on the new blockchain.

CHZ Token Struggles

The leading sports blockchain, Chiliz (CHZ), has been in the crypto game for five years and provided many top soccer clubs with sports fan tokens via Socios.com. Unfortunately, CHZ native token failed to reclaim the $0.15 support line for a month and has lost a significant market capitalization since its birthday celebration. At press time, the #72 ranked Chiliz (CHZ) trades at $0.126757, according to CoinGecko.

NFT Ticket Pilots & Games

In celebration of its fifth anniversary, Chiliz released their exclusive Chiliz Anniversary Pepper NFT collection as well as announced plans to roll out pilot systems for NFT tickets. Additionally, they partnered with FC Barcelona in August 2022 and invested $100 million into Barca’s Web3 ventures which will be powered by Layer-1 EVM-compatible blockchain when it launches mainnet in the next couple of weeks..

WOLF ALPHA Takes Note

WOLF ALPHA took note of all these developments saying that „Chiliz is barely mentioned these days“ but that “It may do well in Mar” due to its upcoming launch of L1 WEB3 Sports Blockchain coming up on March 2021 as well as their newly announced incubator program worth $50M USD .

Conclusion

Overall this article takes us through all recent developments made by Chiliz (CHZ). We saw how they launched their incubator program worth $50M USD , how their CHZ token struggled during FIFA World Cup ’22 but also how they are planning on rolling out pilots of NFT tickets soon as well as launching mainnet in the next couple of weeks . All these developments were taken note by WOLF ALPHA who believes that “It may do well in Mar” .