Animoca Brands Teams Up with Chiliz Chain to Revolutionize Sports Blockchain

Animoca Brands Joins Chiliz Chain as a Validator

In a bold move that sends ripples through the blockchain sports sector, Animoca Brands announced its entrance into the Chiliz Chain network as a validator within the proof-of-stake authority protocol. This partnership means that the celebrated venture capital firm is now putting its resources behind the fan token blockchain that powers the popular platform Socios.com.

Chiliz Chain: The Backbone of Fan Tokens

If you’re a fan of sports, listen up! Chiliz Chain serves as the foundation for Socios.com, which hosts fan tokens for major football clubs and various sports brands worldwide. From the thrill of a last-minute goal to the strategies behind player trading, fan tokens allow supporters to engage with their beloved teams on a whole new level.

A Match Made in Web3 Heaven

Animoca Brands co-founder Yat Siu expressed enthusiasm, stating, “This partnership creates a perfect synergy between our specialties in non-fungible tokens (NFTs) and gaming with Chiliz’s strengths in sports and entertainment blockchain solutions.” With both companies channeling their expertise into this venture, they believe that Sports Finance—or SportFi, as the cool kids call it—could become the next big thing. Who doesn’t want to engage with their favorite teams while also talking crypto?

The Importance of Network Validators

Animoca isn’t just making a cameo; it’s joining the ranks of other heavy hitters in the blockchain industry as a validator for Chiliz Chain, which already includes names like Ankr, Paribu, and InfoStones. Validators are critical players in proof-of-stake protocols, authorizing fan tokens, NFTs, and smart contracts, all while verifying transactions. Talk about a tech-savvy team!

Animoca’s Growing Presence in Sports

Animoca Brands is more than just a capital firm – it’s a full-fledged player in the Web3 arena. The company has made significant strides in the sports sector, including ventures like One Fight Arena and various motorsport games under REVV Motorsport. They even snagged headlines for acquiring Eden Games, sharpening their focus on racing games. Who knew virtual car racing could lead to real-world investments?

Chiliz’s Evolution and Future Plans

Chiliz’s recent transition to its own layer-1 blockchain marks a game changer, stepping away from Ethereum’s ERC-20 token ecosystem. By introducing faster block times and lower fees, it aims to enhance user experience. Sounds like they’re really revving their engines!

As Chiliz CEO Alexandre Dreyfus puts it, “Animoca’s addition as a network validator marks a pivotal point in our history.”