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Blockchain Sports Firm Chiliz To Invest $50 Million In U.S Expansion

Tue, 02 Mar 2021, 08:27 am UTC

Blockchain sports venture Chiliz, which is heavily involved in European soccer, will invest $50 million in an expansion to the United States, chief executive Alexandre Dreyus has told Reuters.

The company based in Malta offers tokens to fans which allow them to vote in a series of polls and receive special promotions and rewards, creating what it calls a “new digital revenue stream” for sports organisations through engagement with global fan bases.

Coinness

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