To increase fan engagement and revenue-generating interactions in the sports industry, Animoca Brands has become a new validator on the Chiliz Chain by integrating its blockchain innovation with Chiliz’s SportFi program.
The partnership between Animoca Brands and Chiliz will enable supporters to get involved in the teams and companies they like. It will improve the way fans interact financially with their preferred sports institutions. Let’s discover more about this important news.
Animoca Brands will make Chiliz’s SportFi Ecosystem Bigger
Chiliz announced today that Animoca Brands has joined the network as a validator. The goal is to decentralize Chiliz’s Chain governance. The Chiliz Chain was introduced earlier this year. It is a Web3-ready project accelerator that enables sports organizations to reward their fan groups for involvement.
We’re pleased to join @Chiliz's #SportFi ecosystem by becoming a new validator on the Chiliz Chain, aligning our #blockchain innovation with Chiliz’s initiative to boost fan engagement & monetized interactions in the #sports sector.
For more details: https://t.co/C2oTia8KxA pic.twitter.com/kKZkKcfbaq
— Animoca Brands (@animocabrands) November 14, 2023
Animoca Brands is a well-known leader in blockchain innovation in the gaming and digital entertainment industries. With a particular focus on the sports industry. Some of their products include:
- FL Mint.
- ONE Fight Arena.
- REVV Motosport (Includes Formula E: High Voltage, MotoGPTM Ignition, and MotoGPTM Guru).
- Torque Drift 2.
Animoca Brands joins an established network of validators that uses the Proof of Stake Authority (PoSA) node to operate on the Chiliz Chain, along with:
In addition to validating Chiliz Chain transactions and guaranteeing the safe execution of smart contracts, validators also authorize and facilitate the development of Fan Tokens, NFTs, and decentralized apps (dApps), which are all essential components of the network’s governance and security.
The Emerging Chiliz Ecosystem
Leading sports companies are quickly relocating to Chiliz Chain. A Web3 hub where developers are free to experiment with new ideas and create industry-first SportFi applications. By removing the whitelist, Chiliz has opened up the Chiliz Chain ecosystem and made it simpler for developers to implement SportFi solutions.
On Socios.com, the Chiliz Chain has already been activated with over 80 Fan Tokens from top sports teams, including FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C. Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, and A.S. Roma.
Chiliz unleashes the Chiliz Chain ecosystem: SportFi for everyone! 🌐⚽
We're excited to announce a groundbreaking development in our mission to bring blockchain technology to the world of sports and entertainment. No more governance hurdles for developers.#ChilizChain ⚡ $CHZ pic.twitter.com/TJPZJahO1V
— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) October 27, 2023
Fan Tokens are driven by their growing usefulness and can currently be traded on some markets, such as Binance, OKX, Bitget, Paribu, ChilizX, and others. In the Chiliz ecosystem, there are already some community apps (like Socios.com), custodial solutions (like BitGet Wallet, Magic Link, Fireblocks), and soon-to-be DeFi lending and DEX solutions (Lenx, PepperSwap).
The Chiliz ecosystem also includes social gaming platforms, digital sports collectibles, incentives and engagement-driven community platforms, football and football management games, and a variety of metaverse-based sports games.
The Next Chapter in Chiliz Chain and SportFi
Chiliz continues its mission to serve as the main blockchain infrastructure provider for the sports and entertainment industries. With the addition of Animoca Brands to the ecosystem. This marks the start of an exciting and comprehensive partnership. Both organizations are enhancing a network impact across DeFi, SportFi, and GameFi, indicating a strategic partnership that has the potential to influence these interconnected virtual worlds in the future.
— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) November 7, 2023
Yat Siu, co-founder and executive chairman of Animoca Brands, emphasized, “Becoming a participant in the Chiliz Chain is an opportunity to meld our expertise in NFTs and gaming with the robust sports and entertainment Chiliz ecosystem. We have already seen the rise of DeFi and GameFi, and we believe that SportFi represents the next major growth area that will redefine fan engagement and create new financial dynamics in the sports industry. We look forward to the impactful innovations that will emerge from this collaboration.”
Finally, Alexandre Dreyfus, CEO of Chiliz, added: “We’re not just operational; we’re spearheading SportFi through the Chiliz Chain. Bringing Animoca Brands onboard as a validator heralds a pivotal acceleration in our journey to become the de facto blockchain for sports and Web3 convergence, bringing more value to sports properties, fans, users, and blockchain developers.”
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