What’s Cooking at Chiliz Chain?
Chiliz Chain is off to a sprint with its partnership featuring Animoca Brands, recently welcomed as a validator in their proof-of-stake network. For those not in the loop, Chiliz Chain fuels Socios.com, the platform that rocks the world of fan tokens. These tokens are like the cool kids in the blockchain world—supporting a range of football clubs and sports brands.
Who’s Who in the Partnership?
Steering the ship, we’ve got Yat Siu, co-founder of Animoca Brands, who sees this venture as more than a pretty face. He believes this partnership can blend NFTs and gaming magic with the sports universe. He notes, “SportFi will redefine fan engagement and create new financial dynamics in the sports industry.” And hey, anything that adds spice to our sports-watching experience sounds like a win!
Why Does This Matter?
Animoca Brands isn’t just dabbling in the blockchain pool; it’s cannonballing in! With a robust portfolio including Web3 sports products like One Fight Arena and REVV Motorsport, they’re all about making waves. The inclusion of Animoca as a network validator is a game changer for Chiliz Chain—part of its plan to bolster Web3 functionality within the sports sector.
Comparing Validators: The Power Players
Joining the ranks of other validators like Ankr and Meria, Animoca Brands is in good company. These validators are like the bouncers at a premium club, ensuring only the top fan tokens, NFTs, and dApps dance within the network. By enabling transactions and executing smart contracts, they play a crucial role in the ecosystem.
Chiliz’s Evolution to Layer-1
Chiliz recently leveled up with the launch of its own layer-1 Ethereum Virtual Machine-compatible blockchain. This shake-up in February 2023 marks its shift from the standard ERC-20 token system to a customized blockchain solstice. It started with 11 validators, and boy, this move promised quicker block times and lower fees—because who doesn’t love low fees?
A Look Back: The Racing Game Gambit
In recent news, Animoca Brands wasn’t just idly polishing its racing game collection; it made headlines with the acquisition of Eden Games in April 2022 for a cool $15.3 million. This strategic move aimed to enhance the REVV Motorsport universe and introduce games that get our adrenaline pumping.
Final Thoughts: The Stakes Are High!
As the worlds of gaming and sports merge, this partnership is like adding a turbo engine to an already fast car. With Animoca Brands as a key player in Chiliz Chain’s validator lineup, we’re in for an exciting ride ahead in the SportFi era!
