CHZ, the native token of the Chiliz blockchain network popular for its Socios.com fan engagement platform, gained 170% after launching live in-game NFTs. The released NFTs will be accessible to fan token holders and lend further credence to a fast-growing space.
CHZ first announced the rollout of this initiative on Twitter during a match between A.C. Milan and A.S. Roma. The said tweet read:
“This Sunday, history will be made as we release the first ever @acmilan NFT. Here’s how you can be one of ONLY 100 to own one.”
According to data from Cointelegraph Markets Pro and TradingView, CHZ price has surged by 171% since its September low of $0.243. As of October 31, its daily high stood at $0.657 and looks poised to rise further.
In addition to launching the live in-game NFTs, CHZ can ascribe its growing strength to three other factors. They include the token’s recent listing across several exchanges, its newly released fan tokens, as well as its growing partnerships.
CHZ recently announced a partnership with Kraft Sports and Entertainment. Under this deal, the New England Patriots of the National Football League, and the New England Revolution of Major League Soccer will join the Chiliz and Socios world. This partnership is Chiliz’s first venture into the MLS and NFL. Furthermore, it is also indicative of the platform’s desire to venture into all the major sports leagues in the US.
Image Credits: Pixabay
