Chiliz, a blockchain solution for sports and entertainment, announced that it has made a strategic investment in MatchWornShirt (MWS), an athlete autographed memorabilia auction site, and will acquire a 20% stake in it. The acquisition amount is undisclosed.
MatchWornShirt, a platform for selling and distributing official game wear and autographed memorabilia, is reported to have more than 80,000 active platform users. The MWS kit will be authenticated on the Chiliz chain through NFT, providing a transparent and verifiable method to verify authenticity.