March 31, 2023

Blockasset Expands to Chiliz Chain, Receives Equity Investment from Chiliz

Blockasset, a platform that allows athletes to offer their NFT collections, has announced its plans to expand beyond Solana to Chiliz Chain. Chiliz Chain is a layer-1 blockchain developed by sports fan token company Chiliz. To support the expansion, Chiliz, the owner of the Socios reward platform and fan token, has granted Blockasset an equity investment.

Socios has partnerships with over 150 sports organizations, including the NHL, MLS, NFL, NBA, and top football leagues across the world. Blockasset currently has over 40 athletes offering NFTs through its platform, including NHL legend Alex Ovechkin, UFC fighter Jorge Masvidal, English football star Wayne Rooney, and New Zealand rugby player Jonah Lomu, among others.

Blockasset is joining a growing list of companies expanding to Chiliz’s blockchain. Some of the firms that have already made the move include Binance, OKEx, and BitMax. Chiliz Chain is designed to provide a high-performance, low-cost, and scalable infrastructure for sports and entertainment-related applications.

The expansion to Chiliz Chain will allow Blockasset to offer its services to a wider audience and provide more opportunities for athletes to monetize their NFT collections. The platform’s CEO, Alexei Falin, said, “We are excited to expand our platform to Chiliz Chain and offer our services to even more athletes and fans around the world. This investment from Chiliz is a testament to the value of our platform and the potential for growth in the NFT market.”

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