Alexander Dreyfus, CEO of Chile, has announced a massive mathematical blockchain project that plans to expand to $ 50 million in the United States.

Dreyfus told the Cointelegraph that the company is opening an office in New York and will start working with local leagues and sports franchises.

Dreyfus said New York is “the headquarters of the sports industry in the United States,” and stressed that the new office will be crucial to Chile’s global expansion. In an interview with Reuters, Dreyfuss said that the company is preparing to release fan brands with franchises from five major American sports leagues.

Chile has earned millions of dollars in profits from some of Europe’s largest sports organizations. Dreyfus said: “In 2020, we shared over $ 30 million with our partners, but this year we plan to raise at least $ 60 million.”

Headquartered in Malta, Chiliz has many years of experience serving tokens to popular European football clubs such as Barcelona, ​​Juventus and Paris Saint-Germain. By issuing blockchain-based fan tokens with Chiliz, sports organizations and clubs can open up new opportunities for fan exchange, such as fan voting and direct communication with players.

Working closely with its fan exchange platform Socios, Chileis is known for working with some of the largest companies in the cryptocurrency industry. In late 2020, Chileans announced a partnership with Binance, the world’s largest cryptocurrency exchange, to host several fan codes for European clubs on the Binance Launchpool platform.

Joseph Edwards, head of research at cryptocurrency broker Enigma Securities, believes that Chile’s entry into the United States is taking place just in time due to COVID-19 restrictions. “Fan icons are hitting the perfect itch right now at the right time – fans are physically separated from the fans, and this helps bridge the gap,” Edwards said in a Reuters report.

Source: CoinTelegraph