Summary: The blockchain-powered sports fan token launched its own layer 1 decentralized network on Tuesday. Chiliz’s L1 chain is compatible with the Ethereum Virtual Machine program, allowing developers to broadcast smart contract codes on Ethereum’s blockchain. The protocol’s token CHZ pumped as high as 20% on the news. Blockchain sports coin Chiliz announced the launch of its brand new layer 1 decentralized chain aimed at driving growth around non-fungible tokens (NFTs) and on-chain gaming tied to reach world sports franchises.
