Chiliz NFT Cryptocurrency Surges 89% After PSG Progression Ignites $550M Trading Frenzy In Fan Tokens

Chiliz NFT Cryptocurrency Surges 89% After PSG Progression Ignites $550M Trading Frenzy In Fan Tokens

The sports tokenization blockchain Chiliz saw its native token CHZ surge over 89% in the past 24-hours to $0.5101.

What Happened: The coin recorded gains of more than 300% over the past week, outperforming most NFT blockchains in the space.

The most recent rally comes after news of premier football team Paris Saint Germain (PSG) progressing to the quarter-finals in the Champions League.

Chiliz specializes in creating tokenized digital assets called Fan Tokens that are unique to each sporting team. 

Following PSG’s Champions League progression, the $PSG Fan Token rose by nearly 110%, and the leading football team took to Twitter to share the observed…

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