TechFlow news — Chiliz, a blockchain provider for the sports and entertainment industry, has announced the launch of the public testnet "Scoville" for Chiliz Chain 2.0 (CC2), the first Layer 1 blockchain built specifically for the sports and entertainment sector. CC2 enables sports and entertainment brands to mint NFTs and fan tokens, build DeFi products and Play-to-Earn games, and create events, loyalty, and marketing programs that help unlock the immense potential of Web3.
The project stated that CC2 will be powered by the CHZ token, marking a significant evolution in CHZ utility—from an in-app currency for Socios.com, Chiliz's fan engagement platform, to a driving force within Chiliz’s new, open, vertical network ecosystem.
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