Chiliz and Enjin Partner, Non Fungible Tokens To Get Boost

Chiliz and Enjin announced a partnership on Feb 6, to collaborate on creation of branded digital collectibles (otherwise known as Non Fungible Tokens) for the sports and entertainment history. The Chiliz project will reportedly use the Enjin blockchain platform to mint Ethereum-based collectibles (on ERC-1155 standard) for its associates and partners, on their fan engagement and rewards application Socios. Backed by Enjin Coin (ENJ), these collectible assets will be tradeable on the Enjin Marketplace and purchasable with both Enjin Coin (ENJ) and Chiliz (CHZ). This comes at a time, when the Non Fungible Tokens (NFTs) market segment is fast gaining recognition and this partnership will play its part, to take it to the next level.

We are extremely excited to announce partnership with @Enjin to develop sports and esports NFTs for https://t.co/NrYy7Mrv99 🎉 $ENJ X $CHZhttps://t.co/LX1OzT69Be— Chiliz ($CHZ) (@Chiliz) February 6, 2020

“Forged in digital entertainment, the Enjin ecosystem offers incredible opportunities to almost all industries and applications.As one of the earliest forms of entertainment, sports is a perfect fit for both our brand and our expanding collection of blockchain gamification use cases. We are delighted to collaborate with Chiliz and explore a new way to gamify sports and esports fan engagement,and we look forward to working with them to produce unique collectibles that fans can cherish and enjoy.”

“Earlier this year, we announced a plan to improve and expand the utility of CHZ in 2020 and beyond. We are thrilled to be working with Enjin, the world leader in this space, to bring this to fruition. We will also be launching limited-edition licensed collectibles and tokenizing the club-specific rewards and experiences offered through Socios.com. For example, if one of our partner clubs triumphs in their respective league, we can create unique tokens to celebrate the win, as well as tokens to celebrate player achievements or seasonal football prizes.”

What’s The Chiliz Cryptocurrency And Socios.com?

Chiliz (ticker code: CHZ) is a cryptocurrency, specifically aimed at sports and entertainment fans. Chiliz itself is a venture by Malta based Mediarex Group, a global sports and entertainment organization. Chiliz major clients are football clubs Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, A.S. Roma, West Ham, Independiente and Dota 2 E-sports champions OG. The project raised over 60M from Binance, OK Blockchain Capital, and Ceyuan Ventures.

Socios.com is the world’s first scalable, tokenized voting platform—powered by Chiliz. It allows sports fans to buy and execute voting rights, in their favorite sports teams. Just this month, Chiliz also announced the launch of Chiliz.net, its own exchange for Chiliz (CHZ) like crypto-assets.

What’s The Enjin Platform?

Enjin is the world’s leading gaming and digital collectible or non-fungible token platform. It offers developers or teams to create, manage, integrate, distribute and trade blockchain assets. The native currency of the platform is the Enjin Coin (ENJ). The Ethereum standard for Non Fungible Tokens (NFTs) ERC-1155 was proposed and developed by the Enjin team. The Enjin suite for these tokens is complete with creation tools, wallets, trading system, blockchain explorer and a huge comprehensive network. Enjin has a long list of partnerships with major game developers and IT companies.