Back to the list

Chiliz Announces Partnership with Animoca Brands to Expand SportFi Ecosystem

source-logo  cryptonews.net 15 November 2023 13:54, UTC
Anna Martynova

Chiliz, the company behind the Socios platform and the CHZ token closely followed by football fans, has announced an important partnership. Chiliz is partnering with Animoca Brands, a blockchain and gaming company, to develop the SportFi ecosystem. Through this collaboration, Chiliz aims to expand and enhance the SportFi ecosystem by leveraging the expertise of Animoca Brands.

Chiliz's partnership with Animoca Brands, known for its mobile games, NFT-based games and other digital asset-based projects, triggered a rise in the price of the CHZ token.

Before the partnership announcement, CHZ price was trading at $0.083, but after the announcement it broke through the $0.085 threshold, up more than 3%. The partnership between Chiliz and Animoca Brands could have a positive impact on the price of CHZ, which is currently the 72nd largest cryptocurrency with a market capitalization of $646.5 million.

Image: VOI