Cointime

Cointime

Download App
iOS & Android

Chiliz Launches $50M Incubator Chiliz Labs, Backed by Jump Crypto

Cointime Official

Chiliz, the global blockchain leader for Web3 sports and entertainment, is pleased to announce the launch of its $50M USD incubator and accelerator programme Chiliz Labs.

Backed by Jump Crypto, Chiliz Labs will foster viable and innovative early-stage blockchain projects looking to leverage the new Chiliz blockchain for sports and entertainment, which saw its genesis block validated on 8 February, as well as the Socios.com partner network, providing strategic guidance and funding to help them forge a clear-cut path to success.

Chiliz is building the sports and entertainment industry’s largest community of fans, brands, and innovative developers, to deliver the network benefits of a dedicated sports web3 ecosystem. As part of this vision, Chiliz Labs is committed to building an ecosystem for entrepreneurs and developers focused on creating long-lasting, utility-oriented projects and will announce its first partners soon.

Chiliz recently announced LiveLike and FanFest as the first companies committed to building on the new chain and will publicly announce 8–10 additional enterprise level projects soon. This will include NFT ticketing pilots, third-party athlete-focused Fan Tokens and Web3 infrastructure partners building for sports and entertainment.

Kanav Kariya, President of Jump Crypto, said: “Chiliz has developed a unique solution to one of the most salient problems that sports teams and leagues face, which is how to sustainably and affordably scale their brands and maximise fan engagement globally.

“Chiliz is changing the way we think about what it means to be a fan of a sports team, and we are extremely excited to support Chiliz Labs to leverage Web3 technology to bring teams and their fans closer together. We will be continuing to work closely with Chiliz to bring our blockchain and crypto expertise to the Sports and entertainment industries, helping to deliver community events such as hackathons.”

Alexandre Dreyfus, CEO of Chiliz and Socios.com, said: “At Chiliz, we’re harnessing blockchain technology to build communities where sports teams can have a direct relationship and value exchange with their fans. Developers choosing the Chiliz Chain to build their new innovative projects is central to our vision, allowing us to build an ecosystem of fan experiences and transactions where Fan Tokens provide a ‘digital key’ which can work across any products or experiences built on our infrastructure.

“Chiliz Labs is a central pillar of this strategy and with the help of our partners at Jump Crypto, who we thank for supporting our vision, we look forward to welcoming some of the most promising, viable, and innovative projects in the blockchain space to the Chiliz Chain.”

Chiliz is the creator of Fan Tokens and the Socios.com fan engagement and rewards app. Fan Tokens are fungible, scalable utility tokens that allow sports teams to connect with and reward their global fanbases. The Socios.com Fan Token ecosystem and audience continues to grow with more than 170 partners across the globe and more than 1.8 million wallets.

In December 2022, Chiliz announced the launch of Gameused.com, a new, end to end memorabilia authentication service for sports and entertainment, delivering storage, NFC and NFT authentication, redemption and resale.

This new service successfully premiered during the recent EA Sports Supercoppa Italiana, which saw Lega Serie A giants and Socios.com partners AC Milan and FC Internazionale face-to-face in Riyadh (Saudi Arabia). The balls with which Inter scored each of their three goals in the 3–0 victory against their local rivals were authenticated using Gameused.com technology and made available for $INTER Fan Token holders to redeem on Socios.com.

In August 2022, Chiliz announced a $100M investment in FC Barcelona’s digital content creation and distribution hub Barça Digital Entertainment to spearhead the club’s Web3 strategy.

Chiliz, which recently celebrated its fifth anniversary, saw its workforce grow by over 70% in 2022, with its 300+ strong employees spread across nine locations around the world. The full mainnet of its new blockchain, the layer-1 blockchain for sports and entertainment, is set to be publicly available in the coming weeks. This chain will see Chiliz native token $CHZ become the network enabler of a new, open, multi-vertical ecosystem where leading brands from sports and entertainment can mint NFTs and Fan Tokens, build DeFi products and Play2Earn games, and create event, loyalty and merchandising programs with all fees to be paid in $CHZ.

Chiliz
Comments

All Comments

Recommended for you

  • U.S. Spot Bitcoin ETF On-Chain Holdings Exceed 2 Million BTC

    As of October 11, data from Dune shows that the on-chain total holdings of the U.S. spot Bitcoin ETF have surpassed 2 million BTC, currently reaching approximately 2.013 million BTC, which accounts for 10.02% of the current BTC supply. The value of the on-chain holdings has reached approximately $227.6 billion.

  • Hedge Fund Net Exposure to US Tech Giants Reaches Record High of 22%

    On October 10, according to data from Goldman Sachs and The Kobeissi Letter, investor sentiment towards large tech stocks has reached an all-time high. Hedge fund net exposure to the 'Big Seven' tech giants in the US has risen to 22%, marking a historic peak; this figure has surged by 7 percentage points since July, representing the largest three-month increase in 2023, and surpassing the previous high of 21% set in June 2024 (compared to only 8% during the bear market low in 2022). During the same period, hedge fund net exposure to semiconductor stocks in the US has increased to 12%, slightly below the peak of 14% in June 2026, while this metric was only 2% at the beginning of 2025.

  • Anthropic Reveals Internal Issues: Out-of-Control AI Attempted to Access Multiple Government Websites, Reported to the White House

    Anthropic stated on Friday that its AI agents acted autonomously, attempting to access various federal, state, and local government websites. The company did not disclose which government agencies were involved but confirmed that it has reported these incidents to the White House. In a blog post, Anthropic mentioned that one of its AI models under testing had taken several unauthorized actions, including exploiting a vulnerability on a university website to download data and submitting a form to a government agency that it had been explicitly instructed not to submit. The company noted that it discovered these incidents after beginning a review of the AI's actions in July. Earlier on Friday, the Philadelphia Police Department stated that Anthropic had notified them that its technology had submitted a false homicide tip to the police website.

  • No Flights Departing or Arriving at Riyadh's King Khalid Airport Following Explosion Sounds

    On October 10, according to CCTV International News, witnesses reported that explosion sounds were heard at Terminal 3 of King Khalid International Airport in Riyadh, the capital of Saudi Arabia, this afternoon, leading to the evacuation of personnel from the airport. Flight tracking website 'FlightRadar24' indicates that there are currently no flights departing or arriving at the airport, and some flights heading to Riyadh have been diverted or returned. King Khalid International Airport has issued a traveler advisory, recommending that passengers contact their airlines to confirm flight status before heading to the airport.

  • BTC Surpasses $83,000

    Market data shows that BTC has surpassed $83,000, currently priced at $83,020.19, with a 24-hour decline of 0.2%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2500.03, with a 24-hour increase of 0.33%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • Houthi Forces Claim Saudi Airstrikes on Sana'a Airport in Yemen

    On October 10, according to information released by the Houthi forces in Yemen, on the afternoon of the same day local time, the Saudi-led coalition conducted airstrikes on Sana'a International Airport, which is under the control of the Houthi forces, dropping four bombs. Additionally, the Saudi coalition also targeted a communication facility in Hajjah Province, controlled by the Houthi forces, dropping three bombs. There has been no response from the Saudi side regarding these incidents. (Jinshi)

  • French Finance Committee Approves Amendments on Stablecoin Exchange Tax and Crypto Exit Tax

    On October 10, Decrypt reported that the Finance Committee of the French National Assembly approved two amendments related to cryptocurrency taxation this week: starting January 1, 2027, exchanges of stablecoins regulated under MiCA will be considered taxable sales; and an exit tax will be imposed on taxpayers who have been French tax residents for at least six of the past ten years and have moved abroad with crypto assets totaling over 800,000 euros. On October 9, the committee voted 31 to 3 to reject the budget revenue portion, and the full National Assembly will review based on the government's original text. The amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20. The related measures have not yet become law. The stablecoin amendment was proposed by Nicolas Sansu, a member of the left-wing GDR party group, along with 16 co-signers, and does not set a new tax rate but aims to include the revenue under France's existing 31.4% flat tax system. The committee also passed an amendment allowing crypto asset losses to be carried forward for ten years to offset future gains.

  • Luxshare Precision: Company and Luxshare Technology Involved in 337 Investigation, Currently in Initial Filing Stage

    On October 10, Luxshare Precision announced that the company and its holding subsidiary, Dongguan Luxshare Technology Co., Ltd., have been listed as respondents in a 337 investigation by the U.S. International Trade Commission (ITC), involving U.S. Patent US 10,903,700. The ITC officially launched the investigation on October 9, 2026, with investigation number 337-TA-1526. The case is currently in the initial filing stage, and no substantial determination has been made regarding the relevant infringement claims. The products involved are in the customer verification stage and have not yet entered mass production.

  • South Korea's Financial Commission: Shareholding Restrictions for Exchange Major Shareholders Not Targeting Specific Companies

    On October 10, Lee Ik-yeon, chairman of the Financial Services Commission of South Korea, stated that the provisions regarding shareholding restrictions for major shareholders of virtual asset exchanges in the ongoing 'Basic Law on Digital Assets' are not aimed at specific individuals or companies. Instead, they are designed to ensure that exchanges, once institutionalized, bear a higher level of public responsibility. Currently, South Korean virtual asset exchanges operate under a system that requires updates every three years, but this will transition to a licensing system after the implementation of the 'Basic Law on Digital Assets.' Lee emphasized that exchanges have infrastructure attributes and must possess public accountability and responsibility commensurate with their status.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company