Crypto attempts to tokenise World Cup fandom - The Crypto Mile Weekly Update

Crypto attempts to tokenise World Cup fandom - The Crypto Mile Weekly Update

This week's The Crypto Mile Weekly Update reports on Chiliz, the cryptocurrency powering the Socios.com fan token marketplace.

Purchasing Fan Tokens with Chiliz allows users to influence their teams via popular votes, in the same way that Decentralised Automonus Organisations use GOvernance Tokens to make collective decisions.

The development team behind the Chiliz cryptocurrency has capitalised on the World Cup, to create digital assets that combine sports, NFTs and crypto.

However, the Chiliz cryptocurrency has lost some of its lustre this week, posting a significant drop in value.

And, on the eve of the next Federal Reserve interest meeting on Wednesday, we check in on how cryptocurrency blue-chips like bitcoin and ethereum are faring.