Chiliz, the blockchain platform behind Socios.com, is positioning itself as the "sports blockchain" and has announced the launch of a new memecoin called Pepper on October 10th. Chiliz CEO Alexandre Dreyfus highlighted the success of fan tokens, which are digital assets representing membership to a sports team's fan base, compared to non-fungible tokens (NFTs). Dreyfus stated that fan tokens have a larger market, with a 24-hour trading volume of $134 million compared to NFTs' $6.8 million. Chiliz aims to create value for fans and scalability for teams, and has signed partnerships with over 80 sports properties worldwide. Socios has regulatory licenses in several countries and is considered one of the most regulated crypto entities outside of exchanges.



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