Thread
$CHZ - A Sleeping Giant
3 minutes to understand how Chiliz is revolutionizing the sports industry
A Thread🧵
3 minutes to understand how Chiliz is revolutionizing the sports industry
A Thread🧵
1/ The crypto industry is full of projects creating useless utilities (some of them are not even trying to do it 🐸), forgetting the real purpose of blockchain.
2/ Speed up all processes through:
• Immutability
• Fraud prevention
• Efficiency
• Trust
• Cost reduction
• Tokenization
Well, that's what Chiliz is doing.
No Speculation
No Hype for Nothing
No Bullshit
• Immutability
• Fraud prevention
• Efficiency
• Trust
• Cost reduction
• Tokenization
Well, that's what Chiliz is doing.
No Speculation
No Hype for Nothing
No Bullshit
3/ They’re targeting one of the biggest markets in the world, the sports industry, to increase fan engagement and brand revenues.
Wanna hear some numbers about this sector?
Let me break it down for you my boi.
Wanna hear some numbers about this sector?
Let me break it down for you my boi.
4/
9.5+ billion combined fans across the top 5 most followed sports.
$715 billion by 2025 - The predicted value of the global sports market.
$30+ billion - The total value of the football market
$227 billion by 2032 - The predicted value of sports memorabilia
9.5+ billion combined fans across the top 5 most followed sports.
$715 billion by 2025 - The predicted value of the global sports market.
$30+ billion - The total value of the football market
$227 billion by 2032 - The predicted value of sports memorabilia
5/ So, what is Chiliz, and how are they revolutionizing the sports industry?
6/ Chiliz is the birthplace of the Fan Token.
Those tokens which go crazy before sports events, yes.
Initially, the chain was called Chiliz Legacy Chain or Chiliz Chain 1.0.
However, they recently launched an updated version called Chiliz Chain.
Those tokens which go crazy before sports events, yes.
Initially, the chain was called Chiliz Legacy Chain or Chiliz Chain 1.0.
However, they recently launched an updated version called Chiliz Chain.
7/ The new upgrade leverages the Proof-of-Staked Authority (PoSA) mechanism to expand the $CHZ ecosystem by allowing smart contract developers, validators, and stakers to participate in the network.
Why am I writing about this now?
Because the Mainnet goes live in 2 days.
Why am I writing about this now?
Because the Mainnet goes live in 2 days.
8/ Here is a quick breakdown of the current metrics of Chiliz for the lazy ones. 
9/ Now let's pass at the best part of this thread.
The two main products built on the Chiliz blockchain.
Spoiler: 1,700,000+ users are using them already, and the brands below are some of the hundreds of partners working with them.
The two main products built on the Chiliz blockchain.
Spoiler: 1,700,000+ users are using them already, and the brands below are some of the hundreds of partners working with them.
10/ We're talking about Socios & GameUsed.
11/ The @Socios platform allows sports and entertainment organizations to issue their own branded Fan Tokens and engage with their fanbase.
Fan Tokens can be used to access exclusive content, merchandise, games, and experiences, as well as to participate in fan-led initiatives.
Fan Tokens can be used to access exclusive content, merchandise, games, and experiences, as well as to participate in fan-led initiatives.
12/ The platform has signed 170 partners from the biggest sports leagues in the world, including top European football teams like FC Barcelona and all major US sports leagues like the NBA or NHL.
80+ Fan Tokens are already launched with a total market cap of $377,000,000.
80+ Fan Tokens are already launched with a total market cap of $377,000,000.
13/ Socios Partners
@FCBarcelona
@acmilan
@ManCity
@juventusfc
@afa
@MiamiHEAT
@UEFA
@redbullgaming
@SonyPictures
@Boston
@ufc
@Azzurri
@AstonMartinF1
@Lakers
@warriors
@PSG_inside
@Arsenal
@sscnapoli
@alfaromeostake
@Atleti
@Giants
@chicagobulls
@Patriots
@LAGalaxy
@TorontoFC
@FCBarcelona
@acmilan
@ManCity
@juventusfc
@afa
@MiamiHEAT
@UEFA
@redbullgaming
@SonyPictures
@Boston
@ufc
@Azzurri
@AstonMartinF1
@Lakers
@warriors
@PSG_inside
@Arsenal
@sscnapoli
@alfaromeostake
@Atleti
@Giants
@chicagobulls
@Patriots
@LAGalaxy
@TorontoFC
14/ Socios has announced it has made several hundred million in revenue, which is being shared 50:50 with clubs, with the sale of Fan Tokens already.
Now, all this is complemented by authentic memorabilia.
Now, all this is complemented by authentic memorabilia.
15/ Memorabilia?
Yep, those rare items collected by sports fanatics.
Their value, don't ask me why, can sometimes reach millions of dollars.
For example:
• Michael Jordan Worn Jersey - Sold for $10 million
• Diego Maradona Hand of God Ball - Sold for $2 million
Yep, those rare items collected by sports fanatics.
Their value, don't ask me why, can sometimes reach millions of dollars.
For example:
• Michael Jordan Worn Jersey - Sold for $10 million
• Diego Maradona Hand of God Ball - Sold for $2 million
16/ On the Chiliz Chain, @gameusedcom has developed a B2B (Business-to-Business) solution that makes use of NFC chips and NFTs to re-authenticate and store any sports memorabilia.
Socios will serve as the native marketplace for all NFTs minted by GameUsed.
Socios will serve as the native marketplace for all NFTs minted by GameUsed.
17/ I'm not sure you realize how enormous this could be.
I will show you two real-life examples that happened this year in the Serie A (Italian Football League) and Italian Super Cup Final.
I will show you two real-life examples that happened this year in the Serie A (Italian Football League) and Italian Super Cup Final.
18/ Serie A
19/ Italian Super Cup
20/ In my opinion, this is a great real-life usage of blockchain technology.
The public mapping of authenticity makes the sports memorabilia trade safer and more transparent, eliminating the presence of bad actors dealing with fakes.
The public mapping of authenticity makes the sports memorabilia trade safer and more transparent, eliminating the presence of bad actors dealing with fakes.
21/ While writing the thread, I also discovered that @socios had announced a partnership with @SonyPictures.
What do Spiderman and Socios have in common?
I don't know.
But these chads are making some big moves and that's bullish.
What do Spiderman and Socios have in common?
I don't know.
But these chads are making some big moves and that's bullish.
22/ Lastly, my boi @alex_dreyfus has more than one trick up his sleeve, and that's why he partnered up with @jump_ to start a $50 million incubator program.
The program will support the development of early-stage projects in the sports & entertainment industries.
The program will support the development of early-stage projects in the sports & entertainment industries.
23/ This $50 million fund backed by Jump could be a great incentive for sports and entertainment startups already launched on other blockchains.
Thanks to its EVM feautre, they can now migrate to Chiliz and get the support of a blockchain entirely focused on these industries.
Thanks to its EVM feautre, they can now migrate to Chiliz and get the support of a blockchain entirely focused on these industries.
24/ That's everything.
In short, if successful, Chiliz might become a major participant in the sports and football industries, generating hundreds of millions of dollars each year.
In short, if successful, Chiliz might become a major participant in the sports and football industries, generating hundreds of millions of dollars each year.
