Blockchain firm Chiliz has recorded a rise in its workforce over the previous few months regardless of the crypto winter.
Chiliz, the corporate that created the fan token platform Socios.com, has been increasing its workforce over the previous few months.
Chiliz and Socios.com CEO Alexandre Dreyfus advised Cointelegraph in a latest interview that the corporate’s headcount has elevated by 70% regardless of the bear market.
The CEO added that the corporate now has over 300 full-time workers working from the brand new places of work that opened earlier this 12 months. The places of work are within the cities of London, Switzerland, Miami, Milan, and Sao Paulo.
Socios.com has listed a number of the greatest soccer fan tokens on its platform, together with Paris Saint Germain (PSG) and Lazio.
Dreyfus added that Chiliz has additionally been hiring new expertise for its places of work in Istanbul, Lyon, Madrid, and Malta. He mentioned;
“We’ve grown our group and our international presence very considerably. We now have been by way of market circumstances just like this previously.”
Chiliz was based in 2018 and was round for the final bear market, he added.
Fan tokens have change into very fashionable within the cryptocurrency and sports activities industries. A number of soccer golf equipment, together with FC Barcelona, have launched their fan tokens. In response to knowledge collected from the business knowledge aggregator CryptoSlam, month-to-month volumes for international fan token gross sales elevated by 200% since early 2022, reaching about $6.4 billion final month. In January 2022, these volumes amounted to $2.2 billion.
Scalability might be a serious motive why fan tokens have been performing properly because the begin of the 12 months. Dreyfus commented that;
“Fan tokens are the one digital asset that may affordably ship the scalability to permit hundreds of thousands of customers to entry these communities.”
When requested about fan tokens and the way they differ from nonfungible tokens (NFTs), the Chiliz boss mentioned;
“NFTs have been lauded for his or her many use circumstances, with the power to kind communities round token holders. The difficulty is, minting even just a few thousand NFTs is a really costly pursuit.”
Dreyfus added that the thought behind fan tokens is to not compete with NFTs. As a substitute, he believes that fan tokens complement NFTs. he revealed that Chiliz has a strong technique round NFTs as they’d play an important position within the firm’s long-term technique. He mentioned;
“It’s not about beating NFTs. Fan tokens are a product, and NFTs are a know-how, one which’s an integral a part of our product providing. They’re one of many methods we reward fan tokenholders.”
CHZ, the native coin of Chiliz, is up by almost 3% within the final 24 hours and is at present buying and selling at $0.1854.