Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.

Chiliz, the sports blockchain, has announced a strategic investment in MatchWornShirt, (MWS), the home of match-worn and signed sporting memorabilia. Chiliz will receive a 20% stake as part of the investment.

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. 

Chiliz Labs, backed by Jump Crypto, will assist promising and innovative blockchain startups in utilizing the Chiliz blockchain for sports and entertainment.

Chiliz, a blockchain-based sports token platform, is starting a $50 million incubator program called Chiliz Labs to target early stage projects in sports and entertainment. The program is backed by Jump Crypto, the investment arm of Chicago-based market maker Jump Trading.

Chiliz, the global blockchain leader for Web3 sports and entertainment, is pleased to announce the launch of its $50M USD incubator and accelerator programme Chiliz Labs.

On 8 February, Chiliz [CHZ] announced that its recently launched chain 2.0 had produced its first block. According to the tweet shared by its CEO Alexandre Dreyfus, the event occurred at exactly 8:08 am UTC.

Five years on from its inception, fan token platform Chiliz has launched its own layer-1 Ethereum Virtual Machine (EVM) compatible blockchain ecosystem to support its growth.

Chiliz, the crypto startup behind fan token platform Socios, today launched its new layer-1 blockchain, shifting away from the current chain running on Ethereum.

The Chiliz [CHZ] network was in the midst of a major network upgrade at press time. According to an update by founder Alexandre Dreyfus on 26 January, Chiliz 2.0 would introduce various positive changes.