Chiliz announces $50M incubator and accelerator program for early-stage blockchain projects By Cointelegraph

Chiliz, a global company that deals with blockchain for sports and entertainment, has launched its incubator and accelerator program, Chiliz Labs, with the support of Jump Crypto. The $50 million program intends to invest in early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network.

According to the announcement, Chiliz aims to build the largest community of fans, brands and developers in the sports and entertainment industry to create a dedicated sports Web3 ecosystem. These projects will leverage the new Chiliz blockchain for sports and entertainment, which had its genesis block validated on Feb. 8. The incubator and accelerator program promises to provide funding and strategic guidance to assist these projects in achieving their goals.