The 2022 World Cup in Qatar is the first major international football event to be held on a blockchain, so Chiliz – the world’s largest gaming community with over 10 million players and 14.4 billion hours of gameplay per month – has decided to qualify for it using its own token
The “world cup 2022 qualifiers europe” is a project by Chiliz to qualify for the 2022 World Cup in Qatar. The project will be using blockchain technology to raise funds and create awareness of the cause.
Chiliz intends to use a new blockchain to qualify for the 2022 World Cup in Qatar.
Facts to remember:
Chiliz is the founder of Socios.com, a fan token trading platform.
Chiliz tokens may be used across many blockchains.
The final phases of qualification for the Qatar 2022 World Cup are in full swing, and Chiliz, a firm that specializes in sports fan tokens, is gearing ready to compete. The firm announced the debut of its ChilizChain 2.0 test network, an upgrade to its existing blockchain that uses the proof of authority protocol, only a few hours ago. The new network will go live on March 31.
Transfers of current fan tokens (PSG, Barcelona FC, Juventus, and the Argentine National Team, among others) and the future ones that will be introduced may be done on this new blockchain centered on web 3.0 and entertainment.
On the Chiliz website, the news was made. There is a countdown going on there that shows how much time is remaining till the launch. Alexandre Dreyfus, the company’s CEO and founder, announced the news on Twitter.
The Chiliz token (CHZ), which is now operating on the Chiliz blockchain (version 1.0) and Ethereum, will be the native cryptoactive on the new blockchain, known as ChilizChain 2.0.
Chiliz describes the network’s technical specs as a “evolution” of the BNB chain network (formerly Binance Smart Chain), which is compatible with EVM (Ethereum Virtual Machine). Network costs will be paid in CHZ, and transactions are expected to be 500 times less expensive than in Ethereum.
The network will be centered on the worlds of entertainment and sports, enabling Socios.com to evolve, as its creator put it:
Chiliz Chain 2.0 has the potential to become a game-changing blockchain that will have a significant influence not just in the blockchain arena, but throughout the entire landscape, thanks to the solid foundations supplied by Ankr. Sports and entertainment in the mainstream. CEO of Chiliz and Socios.com, Alexandre Dreyfus.
Chiliz and Socios.com CEO Alexandre Dreyfus
Current CEO and creator of Chiliz and Socios.com, Alexander Dreyfus. Calvin Ayre / Youtube is the source of this video.
It’s important repeating that the launch is only a test network. This is a beta version of a blockchain network that will be used to test stability, performance, and other factors. Once published, these networks frequently coexist alongside the definitive network for ongoing improvement testing.
Despite the fact that this is the announcement of the start of a test network, investors in digital assets were ecstatic. After trading flat for many days around USD 0.22, the CHZ token had a price surge of more than 10% on March 25, putting it over USD 0.24.
Chiliz jumps on board the web 3.0 bandwagon.
Web 3.0, along with the metaverse, is one of the notions that has sparked the most discussion in recent months. Its goal is to alter how users interact with various websites in order to create a more decentralized Internet in which wallets may become the new login protocol.
This passion has spilled over into the field of entertainment, where Chiliz and Socios.com (two organizations that collaborate) have long concentrated their efforts. Currently, Ethereum dApps (Decentralized Applications) are based on this web 3.0 paradigm. Because the Chiliz blockchain will support EVM technology, many dApps, including DeFi protocols (decentralized finance), will be feasible to develop on the ChilizChain 2.0.
Chiliz wants to qualify for the 2022 Qatar World Cup with a new blockchain. The company is looking for investors and has already qualified for the preliminary round of the tournament. Reference: when is world cup.
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