Chiliz (CHZ) announced that it will expand over 70 types of fan tokens to Solana and Base to activate fan token trading. According to CoinDesk, Chiliz launched its own Layer 1 network in 2023 to support token trading, but plans to transition to an omnichain distributed approach. By utilizing the Omnichain Fungible Token (OFT) standard, a unified supply will exist on each chain supporting fan tokens, thereby eliminating the need for wrapped tokens or fragmented liquidity pools. Chiliz stated, "The expansion to Solana and Base platforms is expected to help increase token trading volume ahead of the summer FIFA World Cup," adding, "More tokens will be unveiled in June."
