What is it?
chiliZ is a digital currency for use on sports and entertainment platforms that can be adopted universally across a wide range of industries. This currency will be the driving force behind our biggest venture, Socios.com which is the world’s first tokenized voting platform for the sports industry.
The chiliZ venture has raised $66 million from private placement including some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital and Ceyuan Ventures. chiliZ is also a member of the Enterprise Ethereum Alliance (EEA).
Who’s behind it?
Alexandre Dreyfus is a serial web entrepreneur with more than 22 years-experience in the digital space, building and developing tech businesses. In the late 1990s, he pioneered Webcity, the web-based interactive tourism guide, before completing a buyout with retail giant Carrefour, and later merging with a competitor service and selling to Yelp. After co-founding Winamax (the largest French online poker room) and Chilipoker in 2006, the underpinning technology platform was sold to Bally Technologies (now Scientific Games). In 2013, he acquired the Global Poker Index (live Poker’s leading ranking authority) as well as The Hendon Mob (the largest live poker database in the world). Alex’s most recent venture is chiliZ, a digital currency for sports and entertainment, and Socios.com, a tokenized fan engagement platform that aims to transform the world of sports through blockchain technology and smart contracts. After reaching its hard cap - raising $66+ million through private placement (including investment from some of the world's largest cryptocurrency exchanges such as Binance and OKEx, as well as leading Asian crypto funds) - the Socios.com team secured multi-year partnerships with world-leading football clubs Paris Saint-Germain and Juventus. To boost blockchain innovation in Malta, Dreyfus has also established the chiliZ Blockchain Campus - a new fintech epicentre that will house world-leading exchanges, crypto-friendly European banks and leading blockchain media groups.
Alexandre Dreyfus, CEO & Founder of chiliZ
How is it funded?
The company raised $66 million through private placement.
Read More about Malta's Blockchain & DLT Sector
What are your plans for the future?
chiliZ plans to on-board more than 50 teams from football as well as other sports. One of the central end goals for Socios.com is to develop an open, gamified Fan Token economy. Our vision is a platform which caters to both hardcore “single team”fans and casual global fans alike. Whether you want to leverage your token-driven influence rights to help guide a single club or want to interact with multiple teams across different sports, Socios.com is your gateway to do it.
Malta is an EU member nation with a pro-blockchain government that is actively building regulatory and tech infrastructure to support these initiatives. Malta, the Blockchain Island as it has come to be known, was one of the first countries to legislate on blockchain technology and is actively supporting local blockchain entrepreneurial efforts as a long-term investment in its own economic growth and evolution. The nation enacted the Virtual Financial Assets Act on November 1st, which is a first-of-its-kind legal framework made specifically to regulate blockchain-driven investment operations such as Token Sales.
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