Chiliz rebrands to celebrate its fifth anniversary and introduces Chiliz Chain 2.0.
Chiliz is celebrating its fifth anniversary in style as a blockchain supplier for Web3’s sports and entertainment sector. The firm has undergone a rebranding and at the same time announced a significant achievement: the validation of the genesis block of Chiliz Chain 2.0, their new Layer-1 EVM-compatible blockchain.
Exciting News from CEO of Chiliz
Alexandre Dreyfus, the CEO of Chiliz, tweeted his enthusiasm as he broke the news to the globe. Block 1 of Chiliz Chain 2.0 was created on February 8 at 8:08 UTC and has a substantial value of 8,888,888,888 $CHZ.
Attempts to Attract Web3 Brands and Developers
Chiliz Chain 2.0’s release is a calculated attempt to get more Web3 developers and businesses to build on its new blockchain. The business plans to offer CHZ tokens as the fuel for its blockchain ecosystem and its planned dApps, as well as access to its Web3 infrastructure, sports, and entertainment network. Holders of CHZ tokens will also be qualified to get rewards by staking or delegating on the network.
Following the Information, CHZ Price Increases
Since the release of Chiliz Chain 2.0, the price of the CHZ token has significantly increased. Following the announcement on February 8, the token increased by as much as 20%, reaching highs of $0.179 before making a little decline. On February 7, CHZ soared from intraday lows of $0.136 to to highs of $0.17.
As of the time of publishing, CHZ is up 13% over the past day to $0.17, and trading volume has increased by 147% as a result of the volatility. CHZ has to maintain a gain above $0.175 or the daily MA 200 in order for its upward trend to continue. If the price rises further, it may reach $0.186 or even $0.27 as goals, but if it declines, strong support is emerging at $0.12 and $0.13.