Chiliz has built a sports fan engagement platform which brings together fans, sports stars, teams and entertainers by utilizing NFTs.

NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can represent digital and non-digital items like artwork, in-game items or real estate. Tokenizing these tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud.

The Social Networking segment contains apps that allow its users to stay connected and up-to-date about the lives of family and friends. Most of these are communication apps that attempt to outperform the others in terms of reliability and video quality, and each app boasts its unique features. For example, Signal emphasizes privacy and guarantees that sensitive personal information will not be shared with third parties. Facebook has the largest social media network and has developed the most advanced algorithms to understand its users and their relationships. Also some cryptocurrencies focus on communication-based input, content-sharing, interaction and collaboration.

Sport industry is an industry in which people, activities, business, and organizations are involved in producing, facilitating, promoting, or organizing any activity, experience, or business enterprise focused on sports. Cryptocurrencies with this use case may be nvolved in all kinds of physical activity that contribute to fitness, well-being and social interaction. For example, tokens of football clubs or platforms for sport NFT sales.