- Chiliz expanded its Fan Token ecosystem to Solana and Base, to improve access to funds.
- The integration uses LayerZero’s omnichain standard, ensuring that tokens are linked across chains and avoiding risks associated with layered assets.
- This move strengthens Chiliz’s SportFi strategy by linking the size of the ecosystem to $CHZ and enabling Fan Tokens to be used across all DeFi platforms.
Chiliz has expanded the Fan Token to Solana and Base ecosystem as it moves from a single-chain model to a broader, multi-chain model. This change is intended to increase access, regulate money, and connect the crypto economy to the game and more users.
Chiliz Chain will remain a key part of the expansion. It will continue to work with smart contracts, voting rights, and value propositions. At the same time, Solana and Base will act as distribution units. The network is expected to help crypto reach more users and integrate with existing platforms.
Chiliz Grows Fan Tokens in Solana, Base
According to the official blogthis change is supported by the Omnichain Fungible Token standard from LayerZero. The frame allows crypto walking through the chains and keeping together, united. When a token is transferred, it is removed from the original chain and recreated on the new one. This ensures repeatability and keeps prices consistent across markets.
This method also reduces reliance on packaged goods. Wrapped symbols often represent a locked type of object that is stored elsewhere. This type can cause hazards and divide the water into different pools. The Chiliz system avoids this by maintaining a direct link between tokens on all supported networks.
Safety remains an important part of production. Integration uses a multi-factor authentication method. Multiple independent approvers must approve the transaction before it is completed to reduce the risk of a single failure, which has affected multiple transactions in the past.
People will be able to get Fan Tokens without going to a separate blockchain. This reduces conflict and increases participation in the environment.
The change also introduces a direct connection between the Fan Token service and the $CHZ token. Chiliz is he announced a marketing strategy linked to environmental finance. 10 percent of the revenue generated from Fan Token sales on all chains will be used to purchase $CHZ. These tokens will be permanently removed from the system.
This system connects the growth of the platform with the tokens. As the work increases through Solana and Base, the availability of $ CHZ decreases. This creates a recurring pattern where high usage can affect the value of the token over time.
The expansion also coincides with Chiliz’s push into the US market. The timing coincides with the upcoming FIFA World Cup in North America. The company is preparing its equipment to support the global interest during the event.
Fan Tokens for teams in countries such as Argentina and Portugal are already available. More alliances, including US groups, are expected to follow. By working on the Base, Chiliz can communicate with the entry point and the audience.
The move also changes how Fan Tokens can be used. At Chiliz Chain, their main work was connected with fans and rewards. With access to external networks, these tokens can now be used for DeFi applications. Users can make deposits, pay fees, and review loan options when available.
As part of its long-term vision for SportFi, Fan Tokens creates a financial system around sports. This includes combining fan engagement with decentralized finance tools.
The release has already started. Tokens such as $CHZ and public property $PEPPER are now available on chains. Major club signings linked to teams such as Paris Saint-Germain, Manchester City, and FC Barcelona will soon follow.
On Solana, access will be available through the Sunrise gate and sold on platforms like Meteora and Jupiter. At the Base, liquidity will focus on the Aerodrome.
