Chiliz & Ankr: Unlocking New Possibilities for the $CHZ Ecosystem

• Chiliz has chosen Ankr as its RPC provider to facilitate fast and reliable access between blockchain applications and Chiliz Layer-1 blockchain for sports.
• The collaboration will create a stronger WEB3 sports ecosystem, providing more access to liquidity and stimulating network activity.
• The development didn’t have the best reaction from CHZ token holders, as it continued on its bearish trajectory.

Chiliz Collaborates with Ankr

Chiliz recently announced that it is collaborating with Ankr as its main RPC provider in order to facilitate fast and reliable access between blockchain applications and Chiliz Layer-1 blockchain for sports.

The Goal of the Collaboration

The goal of this collaboration is to create a stronger WEB3 sports ecosystem, which will provide more access to liquidity and stimulate network activity within the segment.

Impact on CHZ Demand

This development could be accretive to Chiliz’s native cryptocurrency CHZ in the future as it makes it easier for the network to tap into growth opportunities. Additionally, this could potentially help increase on-chain volume and activities in the short term due to increased access to liquidity.

Reaction from CHZ Token Holders

Unfortunately, the announcement did not have the best reaction from CHZ token holders, as it continued on its bearish trajectory without any significant bullish momentum.

Conclusion

Overall, Chiliz’s collaboration with Ankr is an important step forward for their ecosystem as it helps them expand their connectivity with other blockchains while also increasing their access to liquidity. Although this news did not have an immediate impact on CHZ’s price action, it may prove beneficial in the long run if they are able to leverage these connections effectively.