Young Boys to Migrate their NFT Ecosystem to Chiliz

IconCryptoNewsTerminal Staff17 Jul, 2024

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Young Boys to Migrate their NFT Ecosystem to Chiliz

Swiss football club BSC Young Boys has partnered with sports-focused cryptocurrency project Chiliz ($CHZ) to migrate their NFT ecosystem from its current home on Flow to Chiliz. The partnership will see Chiliz provide Young Boys with the infrastructure and tools necessary to launch and manage their own branded NFTs, which can be used for a variety of purposes, such as ticketing, fan engagement, and merchandise. Chiliz has been a major player in the sports NFT space, having partnered with a number of major clubs and organizations, including FC Barcelona, Juventus, Manchester City, and the UFC. The company's platform allows fans to buy and trade NFTs related to their favorite teams and players, and also provides tools for teams to create and manage their own NFT programs. The migration of Young Boys' NFT ecosystem to Chiliz is a significant development for the club, as it will allow them to tap into a larger market of potential NFT buyers and collectors. It is also a sign of the growing popularity of NFTs in the sports industry, as more and more clubs and organizations look to use them to engage with fans and generate new revenue streams.

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