Chiliz Signs Major Formula 1 Teams for Fan Token Offering on Socios

• Chiliz & Socios partner with major Formula 1 teams for fan token engagement
• F1 fans get voting, rewards & VIP perks via Chiliz ($CHZ) fan tokens on Socios
• Chiliz expands beyond football, bringing its fan token model to Formula 1

Chiliz has emerged as a key platform for blockchain-based fan engagement. It offers a unique mix of digital innovation and real-world team influence through its Socios platform. With over 70 official fan tokens launched and a community exceeding 2 million users, the project pioneers fan interaction across football, Formula One, UFC, and other sports.

Previously, accessing high-value sports collectibles often meant high prices, like rare Lionel Messi NFTs or digital cards of iconic moments. Chiliz aims to offer fans a different path. It allows them to gain influence or participate more directly with their favorite teams through fan tokens, distinct from purely collecting digital items.

How Do Chiliz Fan Tokens Work?

These fan tokens are created on the native Chiliz Chain using the CAP-20 token standard. They typically come with specific utilities like voting rights on certain team decisions (e.g., polls), access to exclusive merc…

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