KEY TAKEAWAYS
- Chiliz Group launches a new Web3-enabled Socios.com Wallet to enhance fan engagement in sports.
- The wallet provides over 2.3 million users with direct ownership and control over their Fan Tokens.
- It offers a single access point to the Chiliz ecosystem, supporting dApps like fantasy sports games and prediction platforms.
- Advanced features include self-custody, streamlined transactions, and future support for staking and expanded token capabilities.
Chiliz Group, the creator of Fan Tokens and the Chiliz Chain, has announced the launch of a new Web3-enabled Socios.com Wallet. This initiative aims to enhance fan engagement in sports by providing over 2.3 million Socios.com users with direct ownership and control over their Fan Tokens. The wallet will serve as a consolidated entry point to the Chiliz ecosystem, accessible directly from users’ phones.
The new Socios.com Wallet is designed to empower both fans and developers within the Chiliz Chain ecosystem. It will offer a single point of access to interact with decentralized applications (dApps) built on the Chiliz Chain, such as fantasy sports games and sports prediction platforms. The wallet will be introduced in phases, starting with essential features and gradually adding advanced capabilities and enhanced token support.
Empowering Developers and Enhancing User Experience
Through the integration of a built-in browser, users will be able to access a growing library of dApps, including cross-chain bridging tools and decentralized exchanges (DEXs). This feature will be available in an update following the initial release. Developers building on the Chiliz Chain will benefit from hosting their dApps in a Web3 ecosystem tailored to reach an engaged audience of sports brands and fans.
Alexandre Dreyfus, CEO of Chiliz, stated, “Integration of our new Socios.com Wallet into the ecosystem marks an important milestone in our mission to enhance fan experiences across the Chiliz Chain. With this upgrade, we’re further unlocking the potential of Fan Tokens for both our users and developers.”
Advanced Features and Security
The wallet emphasizes self-custody, allowing users to retain complete control over their private keys and digital assets. It also offers seamless integration with the Chiliz Chain dApp library, enabling users to interact with applications without moving Fan Tokens out of the wallet. Established security protocols are in place to protect users’ digital assets, aligning with industry standards.
Streamlined transactions are another key feature, facilitating efficient buying, selling, and transferring of Fan Tokens directly on the Chiliz Chain. The wallet’s rollout will be gradual, with the dApp browser and advanced features like staking and expanded token support added in future phases. Existing Socios.com users who consent to the upgrade will be automatically migrated to the new wallet system.
For more information, visit the official announcement here.
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