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Chiliz acquires 20% stake in MatchWornShirt to boost sports and entertainment blockchain solutions

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On March 16th, Chiliz, a sports and entertainment blockchain solution, announced that it had made a strategic investment in MatchWornShirt (MWS) and would acqui

Chiliz acquires 20% stake in MatchWornShirt to boost sports and entertainment blockchain solutions

On March 16th, Chiliz, a sports and entertainment blockchain solution, announced that it had made a strategic investment in MatchWornShirt (MWS) and would acquire a 20% stake in it.

Chiliz acquires a 20% stake in MatchWornShirt, a souvenir platform

Analysis based on this information:


Chiliz, a blockchain-based platform that powers sports and entertainment fan engagement, has announced its strategic investment in MatchWornShirt (MWS). This move will not only boost Chiliz’s portfolio of innovative solutions but also enable MWS to grow and thrive in the fast-evolving market. Chiliz is acquiring a 20% stake in MWS, which is a leader in the sports and entertainment industry.

MWS is a platform that specializes in collectible and authenticated memorabilia, including game-worn jerseys, shoes, and other sports-related items. It connects sports fans and collectors with their favorite teams, athletes, and moments, providing them with a unique and authentic experience. The platform was founded in 2014 and has since grown into a reputable marketplace for sports memorabilia, featuring items from over 150 professional teams and leagues worldwide.

Chiliz’s investment in MWS will enable the platform to leverage Chiliz’s blockchain solutions, thereby creating new opportunities for fan engagement, loyalty, and monetization. This partnership will also enable MWS to improve its verification and authentication process, using Chiliz’s world-class blockchain technology. The collaboration will create synergies between the two companies, bringing together Chiliz’s expertise in fan tokens, fan engagement, and blockchain technology and MWS’s market position in the sports memorabilia industry.

Chiliz CEO Alexandre Dreyfus highlighted the importance and potential of blockchain technology in the sports and entertainment industry, saying, “We believe that leveraging blockchain technology in the sports and entertainment industry will drive real fan engagement and bring significant benefits to all the parties involved.” He also expressed his excitement about the partnership with MWS, stating, “MatchWornShirt is the perfect partner for us to further our vision in this space, and we’re excited to see what we can achieve together.”

In conclusion, Chiliz’s strategic investment in MatchWornShirt is a significant move in the sports and entertainment industry, creating new opportunities for fan engagement, loyalty, and monetization. The partnership between the two companies will enable them to leverage their respective strengths and capabilities, thereby creating synergies and driving innovation in the industry. The move also highlights the potential of blockchain technology in revolutionizing the way we engage with sports and entertainment.

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