Sports Blockchain Venture Chiliz Announces Strategic Partnership With Binance Chain

Sports blockchain venture Chiliz has announced a strategic partnership with Binance Chain, the mainnet of major cryptocurrency exchange Binance. As previously reported, Chiliz ($CHZ) is a sports industry-oriented digital currency that powers the tokenized fan engagement platform and blockchain-powered mobile app, Socios.com.Binance Chain integration will enable Chiliz to deepen blockchain implementation in their consumer-oriented product, and to offer services such as “instant payments, prepaid gift cards and micro-transactions for digital services.” Chiliz — which reportedly raised over $66 million through private placement from investors in 2018 — will reportedly release further news in coming weeks, in particular concerning the partial migration of ERC20 tokens to BEP2 — the technical standard for the Binance Chain mainnet.The Binance Chain mainnet was launched in April of this year, with the intent to build a basis for issuing new cryptocurrencies and initial coin offering tokens.

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