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Fan token firm Chiliz grows staff by 70% despite crypto winter

Published 10/17/2022, 08:26 AM
Updated 10/17/2022, 10:40 AM
Fan token firm Chiliz grows staff by 70% despite crypto winter
COIN
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Blockchain company Chiliz, creator of fan token platform Socios.com, has continued to expand its workforce despite the ongoing bear market, reflecting a growing trend in the fan token sector.

The overall cryptocurrency market has seen a massive selloff in 2022, with the total market capitalization plummeting 60% since the beginning of the year. Some major crypto companies, including Coinbase (NASDAQ:COIN) and Gemini, had to cut their workforce by 10%–20% to maintain operations and continue serving their clients.

Year-to-date monthly volumes of fan token global sales. Source: CryptoSlam

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