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Fan Token Platform Chiliz Launches $50M Incubator to Fund Early-Stage Web3 Projects – Is the Bear Market Over?

Blockchain-based fan token platform Chiliz has launched a $50 million incubator and accelerator program to fund early-stage projects in the sports and entertainment industries that use the Chiliz blockchain. 

The incubator program, called Chiliz Labs, will fund early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment, as well as its Socios.com partner network, according to a Tuesday announcement. 

The program has the support of Jump Crypto, the Chicago-based crypto arm of Jump Trading, a global leader in web3 infrastructure development and investment.

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