Chiliz, the Web3 infrastructure provider for sports and entertainment, announced the launch of  $50 million USD incubator and accelerator programme Chiliz Labs.

Chiliz Labs, backed by Jump Crypto, will assist promising and innovative blockchain startups in utilizing the Chiliz blockchain for sports and entertainment. The Chiliz blockchain had its genesis block verified on February 8, and it also has access to the Socios.com partner network. Chiliz Labs will provide strategic guidance and financial support to these startups, assisting them in achieving their objectives.

“Chiliz Labs is a central pillar of this strategy and with the help of our partners at Jump Crypto, who we thank for supporting our vision, we look forward to welcoming some of the most promising, viable, and innovative projects in the blockchain space to the Chiliz Chain.”  said Alexandre Dreyfus, CEO of Chiliz and Socios.com.

“Chiliz is changing the way we think about what it means to be a fan of a sports team, and we are extremely excited to support Chiliz Labs to leverage Web3 technology to bring teams and their fans closer together. We will be continuing to work closely with Chiliz to bring our blockchain and crypto expertise to the Sports and entertainment industries, helping to deliver community events such as hackathons.” President of Jump Crypto Kanav Kariya added.