Naver Pay, a mobile payment service, has partnered with Chiliz, the sports and entertainment blockchain, to expand its global services through Web3 innovations.
We're excited to announce Naver Pay partners with Chiliz to enhance fan engagement and power global expansion
— Chiliz ($CHZ) – The Sports Blockchain ⚽ (@Chiliz) May 22, 2024
Naver Pay is utilized by the majority of the South Korean population with 33 million registered users and 18 million daily users.https://t.co/pCHtGpWPE3
⚡ $CHZ
The CEO of Naver Pay has expressed his excitement for the partnership, stating, “This partnership with Chiliz marks a significant milestone in our journey towards integrating cutting-edge web3 technologies as part of our global expansion. Together, we aim to transform the way our users engage with sports and entertainment, enhancing their experiences with innovative solutions tailored to their passions.”
Partnership Benefits, Other Partnerships
The partnership will be utilized by the majority of the South Korean population, with 33 Million registered users, and will cater to 18 Million daily users. They will collectively aim to fasten the fan token ecosystem of the Chiliz Chain and devise strategies for exclusive ticketing and payment services, along with hosting various fan-centric events.
Chiliz has an existing partnership with world sports giants including Tottenham Hotspurs, FC Barcelona, Paris Saint-Germain, and Manchester City, and has recently expanded to partnerships with football leagues such as the K League and Ligue 1. Recent partnerships have been inked to deliver blockchain-basedsolution in the sports sector.
The synergy in the fintech, sports and entertainment sectors is anticipated to benefit South Korea’s sports enthusiasts.
The CEO of Chiliz is also optimistic about the partnership, as he stated, “South Korea is a very important market for us due to the maturity of both its sports and crypto sectors. We’re excited to partner with Naver Pay to introduce unique experiences that leverage the power of blockchain and bring value to the sporting community.”
The CEO of Chiliz, Alexandre Dreyfus, has recently appeared in an interview with The Coin Republic, where he disclosed the growth of Chiliz from being a token to become a governance token.
He talked in details about their aim and journey of becoming a blockchain for all the games and sports. He has disclosed recent partnerships in exploring gaming ventures to facilitate blockchain implementation.
