Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
CHZ, the native token of the Chiliz blockchain, which powers sports token fan creator Socios.com, surges as the UEFA football championship nears.30:00A cryptocurrency, representing an intersection of blockchain and sports, has recently emerged as a source of excitement to crypto markets as major digital assets trade listless., has risen 25% in seven days, reaching a two-month high of over 15 cents.
The double-digit price surge is the third largest among the top 100 cryptocurrencies by market value, including bitcoin and ether. .24-country Union of European Football Associations Euro, which will be held from June 14 to July 14, seems to have amplified CHZ’s valuations. Most fan tokens are procured onA much bigger rally unfolded in the lead-up to the 2022 FIFA World Cup.
“This scenario might repeat itself. A slightly smaller version than the World Cup of 2022, the UEFA European Football Championship will be held from June 14, 2024, to July 14, 2024, with teams from 24 countries competing,” Thielen noted, adding that the company usually promotes its token around these events.
The availability of fan tokens and blockchains like Chiliz has made it easier to price in and measure sporting events' financial and economic impact.en una variedad de negocios de blockchain y activos digitales y tenencias significativas de activos digitales, incluido bitcoin. CoinDesk opera como una subsidiaria independiente con un comité editorial para proteger la independencia periodística.
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