Chiliz announces $50M incubator and accelerator program for early-stage blockchain projects

cointelegraph.com:

Chiliz, a global company that deals with blockchain for sports and entertainment, has launched its incubator and accelerator program, Chiliz Labs, with the support of Jump Crypto. The $50 million program intends to invest in early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network. 

We are pleased to announce the launch of our $50M USD incubator and accelerator programme Chiliz Labs!Backed by @jump_ Chiliz Labs will foster viable and innovative early-stage blockchain projects looking to leverage the new Chiliz blockchain.⚡️ $CHZ

According to the announcement, Chiliz aims to build the largest community of fans, brands, and developers in the sports and entertainment industry to create a dedicated sports Web3 ecosystem. These projects will leverage the new Chiliz blockchain for sports and entertainment, which had its genesis block validated on February 8th. The incubator and accelerator program promises to provide funding and strategic guidance to assist these projects in achieving their goals.

Chiliz has announced LiveLike and FanFest as the first companies to build on the new chain, with eight to ten more enterprise-level projects to come. These projects will include NFT ticketing pilots, athlete-focused Fan Tokens, and Web3 infrastructure partners building for sports and entertainment. Jump Crypto's President, Kanav Kariya, praised Chiliz for solving the problem of how to scale brands and maximize fan engagement sustainably and affordably.

Chiliz CEO, Alexandre Dreyfus, highlighted Chiliz Labs' importance in building an ecosystem of fan experiences and transactions with Fan Tokens providing a "digital key" that can work across any product or