“Binance and chiliZ will work hand-in-hand to engage with the sports industry and develop a fan-driven token ecosystem for traditional sports teams and scaling the concept of “Socios” all over the world. Having already secured over $27 million through an ongoing private placement phase, chiliZ have welcomed the investment from Binance, as it will enable the sharing of technical knowledge, innovation and creativity, and will also helping chiliZ to deliver its vision on a global scale.”Moreover, according to Alexandre Dreyfus, the CEO of chiliZ:
“Binance’s significant investment in chiliZ will boost our current private placement offering and help us to move faster. Their support will help us deliver our vision globally, increase our visibility in the blockchain ecosystem and empower our technical vision. I’m also excited that Binance is setting-up in Malta, where we will be able to share resources, enabling a more strategic partnership.”You can see the full press release for yourself, here- https://medium.com/chiliz/binance-chiliz-join-forces-to-tokenize-sports-industries-55ec438439c0 The future looks bright for Binance and indeed Binance Coin. It is clear that Binance Coin has responded very well to this news and thus we can assume that the currency will continue to flourish for the next few days. Given the current bright market conditions, if this is the case, Binance Coin could hit some very healthy heights indeed. Furthermore, this partnership has great implications for both the blockchain industry and the growing Esports industry. It’s a great bit of convergence and a really good bit of work by both Binance and chiliZ.