$27 Million Raised for the chiliZ Esports/Blockchain Venture


18th APRIL, 2018, MALTA: chiliZ is a blockchain-based platform that allows enthusiasts to crowd-manage sports and esports teams and organisations. The inspiration finds its roots in traditional sports, specifically football’s La Liga, with their democratic ‘socios’ system of club management. Real Madrid – arguably one of the most valuable teams in the sporting world – is collectively controlled by its 90,000+ ‘socios’; moreover, 170,000 ‘socios’ hold decision-making power at FC Barcelona. The concept of ‘crowd-management’ is already proven to work.

The chiliZ team have confirmed that $27 million has already been secured through early, private token placement. Current esports teams and leagues have shown great excitement and enthusiasm for the project, which is set to change how esports fans interact and engage with their favourite teams. Demand for the project is also gaining considerable momentum in Asia – the polestar of the fintech and esports industries.

Blockchain Innovation

By 2020, chiliZ anticipates an esports landscape that is not only shaped by what games, teams, and leagues draw the highest audiences, but by those who can most effectively activate and monetise that audience by putting those fans in the driving seat. The ultimate goal is radical fan engagement, where enthusiasts become the decision makers through the acquisition of chiliZ tokens ($CHZ). Crucially, the chiliZ platform complements the entire esports ecosystem, by giving professional and grass-roots teams access to essential support and funding.

The chiliZ platform makes this vision a reality – a universal sports & esports “crowd-control” engine capable of giving fans a direct say in guiding their favorite teams’ management and strategic decisions. Any league, any team, any game, realised with blockchain technology and powered by the chiliZ token.

The chiliZ Team & Location

The chiliZ team is comprised of 20+ game-industry experts, experienced in regulated gaming and tech. chiliZ’s Advisory Panel comprises a veritable who’s who of the industry, and includes one of gaming’s most popular players, Dr DisRespect, who, until recently, held the Twitch record for the most-viewed stream by a single streamer. He is joined by Swedish esports streamer, Anomaly – who boasts 2+ million YouTube subscribers and 900k+ Twitch followers; Guillaume Patry, the iconic former StarCraft Pro and 1999 World Champion; world famous poker star and former StarCraft phenomenon ‘ElkY’; Kook ‘The boY’ Kibong, former top StarCraft pro; Hong ‘Yellow’ Jin-Ho, a StarCraft superstar and Korean TV personality; Nicolas Maurer, esports entrepreneur, and CEO of Team Vitality, the most successful esports team in France; and Wouter Sleijffers, CEO of Fnatic, one of the world’s most popular and competitively successful esports teams.

Current and former leaders from the likes of Facebook, Playtech, Sina Sports, Pokerstars and InFront Sports complete the Advisory line-up, offering access to knowledge, networking and authority.

The chiliZ team is based in Malta, an E.U. member country with a pro-blockchain project exploration/ adoption government that is actively building regulatory and tech infrastructure to support these initiatives and is attracting the largest blockchain-based companies in the world to set up offices (Binance, the world’s largest crypto-exchange, as well as leading digital asset exchange, OKEx, have both announced their intention to move to Malta). The country is in the process of formalizing a ‘Virtual Currency Act’, that will pave the way for a first-of-its-kind auditing framework made specifically to regulate blockchain-driven investment operations such as Token Sales.

Read the chiliZ White Paper: chiliz.io

For more information, contact:
Emma Diskin
PR & Communications Director
Email: emma@mediarex.com
Mob: +356 7965 0033

Media Assets: www.chiliz.io/press/

Picture caption: From L-R, chiliZ’s Chief Strategy Officer, Max Rabinovitch; Chief Technology Officer, Thibaut Pelletier; and Chief Executive Officer, Alexandre Dreyfus

Notes to Editors:

About chiliZ

chiliZ is a subsidiary of Malta-based Mediarex Group, a global sports and entertainment organisation, founded in 2006, and is a member of the Enterprise Ethereum Alliance (EEA). Together with China and Hong Kong-based Venture Capital shareholders, the team comprises 20+ creatives, developers and gaming industry veterans from around the world, all well-versed in regulated gaming and technology. With a vision to provide innovative solutions within esports, chiliZ aims to organise, empower and connect fans to players and teams in today’s most popular leagues and tournaments.