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The surge of fan tokens linked to Chiliz revolution

Fan tokens gain popularity: Fan tokens connected to football clubs are gaining traction in the crypto realm. They have surpassed 500 million USD in trading volume within 24 hours. Events such as the Euro Cup in 2024 have further propelled their popularity and visibility among sports enthusiasts.

Chiliz enhances ecosystem: Chiliz is driving fan token interest by revamping its tokenomics and increasing CHZ supply. The blockchain’s new decentralized applications connect sports franchises with their fans in Web3 environments, stimulating interaction and engagement. This effort aims to solidify its position in the growing SportFi sector.

Benefits over celebrity tokens: Fan tokens offer more stability compared to celebrity assets. Anchored in established sports communities, these tokens provide voting rights and exclusive benefits, promoting blockchain adoption. Binance initially supported fan tokens with dedicated launches but interest has fluctuated, leading to speculation about future developments.

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