On November 13, 2023, Animoca Brands, renowned for its work in integrating blockchain technology into the digital gaming and entertainment industry, joined as a key validator on the Chiliz Chain.
This event marked a significant milestone, strengthening Chiliz’s commitment as the primary blockchain infrastructure dedicated to the sports and entertainment sectors.
The Chiliz Chain, designed as a catalyst for Web3 projects, plays a crucial role in the interaction of sports brands with their followers, enabling rewards through blockchain technology.
With a strategic focus on the sports sector, Animoca Brands brings its expertise as a validator, contributing to decentralize the governance of the platform.
The integration of Animoca Brands into the Chiliz Chain positions it within a dynamic ecosystem, establishing connections with leading sports brands and Web3 operators.
Animoca Brands joins other prominent validators like Ankr, Paribu, Meria, Luganoes, and InfStones, all operating on the Chiliz Chain using the Proof of Stake Authority (PoSA) node.
Validators play an essential role in the governance and security of the network, facilitating the creation of Fan Tokens, NFTs, decentralized applications (dApps), and ensuring the secure verification of transactions and execution of smart contracts on the Chiliz Chain.
Chiliz Solidifies Its Presence in the SportFi Space
Yat Siu, co-founder and executive chairman of Animoca Brands, expressed that being part of the Chiliz Chain is an opportunity to merge their expertise in NFTs and gaming with Chiliz’s robust sports and entertainment ecosystem.
Siu highlighted the belief that SportFi represents the next significant growth area, redefining fan engagement and creating new financial dynamics in the sports industry.
Chiliz Chain, solidifying its position as a hub for leading sports brands in the Web3 space, decided to eliminate the whitelist to improve accessibility for developers. This move simplifies the deployment process for SportFi solutions within its ecosystem.
The Chiliz ecosystem encompasses various offerings, from metaverse-based sports games to community platforms driven by rewards and engagement, as well as social gaming platforms and digital sports collectibles.
This strategic collaboration not only reinforces the decentralized governance of the Chiliz Chain but also creates synergies that promote innovation and sustainable growth in the digital space of SportFi.
