Chiliz brings public testnet for layer-1 blockchain network CC2
Digital asset sporting project Chiliz has launched the Scoville public testnet for the newly built layer-1 blockchain network Chiliz Chain 2.0 or CC2.
Chiliz aims to strengthen sports and entertainment brands
Chiliz Chain 2.0, which is created especially for sports and entertainment industries, helps sports and entertainment brands unlock the huge potential of Web3 by enabling them to build DeFi products and Play2Earn games, mint NFTs and tokens, and organize events, loyalty and merchandising programs.The $CHZ token will fuel CC2, indicating a significant shift in $CHZ's utility from an in-app currency for Chiliz's fan engagement platform, Socios.com, to a network facilitator for its new, open, multi-vertical ecosystem.
The introduction of the CC2 testnet is the most major extension of the Chiliz ecosystem since the debut of Socios.com in late 2019, which pioneered the extensive application of blockchain technology by major sporting organizations.
CC2 becoming mainstream
The CEO of the company, Alexandre Dreyfus, said that CC2 is already a mainstream Layer-1 blockchain with the support of its network of 130+ partners and connections to the biggest exchanges in the world. He stated:“It’s a secure, network effect driven development community where our existing partners and many more enterprise and start-up level brands from sports and entertainment can build a full suite of Web3 products and services. And it’s all powered by $CHZ.”Apart from the new testnet launch, the company is also in the headlines for its ongoing community meet-up. Chiliz is known for building fan tokens and crypto exchange giant Binance strategically partnered with the company to introduce the same for two major sporting teams on their Launchpool platform.
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