Jump Crypto Backs Chiliz $50 Million Incubator For Early Stage Projects

Summary: The incubator dubbed Chiliz Labs will support early-stage web3 sports and entertainment projects that build on the company’s layer 1 blockchain launched in February. Investment company Jump Crypto backs the $50 million incubator initiative, per an official announcement on Wednesday. The company’s new Ethereum Virtual Machine-compatible blockchain will expose builders and developers to crypto’s largest altcoin and DeFi network. …
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