Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30%

Since the beginning of the 2022 2FIFA World Cup, the value of Chiliz native token has plummeted.
Due to the discovery of various issues, the sporting event has been met with some controversies. Not to mention that just a week before the World Cup’s start, the collapse of the infamous FTX exchange shook the crypto world. But then, this is not the main point here.
Despite some promising advances off-chain, Chiliz continues to struggle. The token is down more than 30% in the last two weeks.
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