Jump Crypto Backs Chiliz $50 Million Incubator For Early Stage Projects

Chiliz Launches EVM Layer 1 Blockchain

The blockchain fan interaction company debuted its Ethereum Virtual Machine-compatible layer 1 network in early February 2023. As previously reported, the network uses a Proof-of-Stake-Authority (PoSA) consensus model. 

Thanks to featuring EVM compatibility, developers on the Chiliz network will be able to broadcast smart contract codes on Ethereum’s network and tap into decentralized solutions on crypto’s second-largest blockchain. 

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