tl;dr
- ChainPort has integrated Chiliz as the 25th supported chain on the platform.
- Chiliz is a leading blockchain provider for sports and entertainment, known for creating Fan Tokens and the Socios.com app.
- ChainPort supports bridging Chiliz's native token, wCHZ, to Ethereum as CHZ
Chiliz Joins ChainPort as 25th Supported Chain
Chiliz is now ChainPort's 25th supported chain, marking the platform's 25th chain integration. Users can now bridge tokens to and from Chiliz securely and easily.
In addition to supporting the Chiliz Chain, ChainPort allows users to bridge the wrapped version of Chiliz's native token, wCHZ, to Ethereum. Chiliz has added liquidity on both sides of the bridge (Chiliz Chain & ETH). Now wCHZ token holders can deposit wCHZ in the bridge contract on the Chiliz Chain and receive the equivalent amount of CHZ tokens on Ethereum, and vice-versa.
CHZ ETH Contract: 0x3506424f91fd33084466f402d5d97f05f8e3b4af
wCHZ Chiliz Chain Contract: 0x677f7e16c7dd57be1d4c8ad1244883214953dc47
ChainPort will also support the bridging of popular stablecoins, USDT and USDC, to the Chiliz Chain in the future.
Founded in 2018, Chiliz is the leading blockchain provider for sports and entertainment, known for creating Fan Tokens. These digital assets enable countless major sporting organizations to connect with and reward their global fanbases through the Socios.com fan engagement app.
In 2023, Chiliz expanded its ecosystem with the launch of Chiliz Chain, opening up blockchain technology to a broader audience in the sports and entertainment sectors. Chiliz Chain facilitates the creation of Fan Tokens, NFTs, and other digital assets, with all transaction fees paid in Chiliz's native token, CHZ.
Fan Tokens are specific to individual teams or clubs like the FC Barcelona Fan Token. These tokens are limited digital assets providing access to an encrypted, immutable ledger of voting and membership rights ownership.
With the integration of Chiliz, ChainPort continues to enhance its platform, offering more diverse and innovative blockchain solutions to users.
How to Bridge wCHZ from Chiliz Chain to CHZ on Ethereum in 3 Steps
Step 1 - Connect Your Wallet
Head over to the ChainPort app (https://app.chainport.io/) and connect your wallet. Wallets such as Ledger, Trezor, Coinbase Wallet, Wallet Connect, and Metamask are supported by ChainPort.
Step 2 - Select the Chains & Token
Select the source chain and target blockchain from the menu. In our case, the source chain is Chiliz Chain, and the target chain is Ethereum. Next, select wCHZ as the token you’d like to bridge from the dropdown menu.
Step 3 - Confirm Tx & Get Tokens
Before confirming the transaction, please review all the related information. Details include the source and target blockchain, gas fees, and the specific number of wCHZ tokens. Once all details are confirmed, please approve the transaction and wait a few minutes.
After the transaction, you will receive CHZ on Ethereum
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