Chiliz has officially welcomed Animoca Brands to its SportFi ecosystem.
In Brief
By stepping into the role of a new validator on the Chiliz Chain, Animoca Brands is aligning its innovative blockchain projects with Chiliz’s SportFi initiative, which is designed to enhance engagement and monetization between fans and the sports industry.
SportFi, a concept introduced by Chiliz, focuses on bridging the gap between sports and blockchain-based opportunities. This initiative transforms how fans financially engage with their beloved sports teams, enabling them to take a more active role in the clubs and brands they support.
Through their partnership, both companies aim to innovate in the field of Web3 applications tailored for sports, solidifying Chiliz’s role as the leading blockchain infrastructure for the sports and entertainment sector.
Chiliz announced today that Animoca Brands Animoca Brands is now recognized on the Chiliz blockchain as a validator, enhancing the decentralized governance of the Chiliz Chain. Introduced earlier this year, the Chiliz Chain serves as a launching pad for Web3 projects dedicated to empowering sports brands to reward engagement from their fans using blockchain technology.
Animoca Brands stands as a prominent player in the blockchain arena significantly influencing gaming and digital entertainment, with a keen focus on the sports industry, backed by products such as... ONE Fight Arena , AFL Mint , REVV Motosport (which includes MotoGP™ Ignition , MotoGP™ Guru , Formula E: High Voltage , REVV Racing, Torque Drift 2 ), and Anichess By becoming a validator on the Chiliz Chain, Animoca Brands positions itself as a proactive force in steering the future of the SportFi ecosystem, allowing for deeper integration within Chiliz’s ecosystem that incorporates top-tier sports brands and Web3 operators.
Joining existing validators like Ankr, Paribu, Meria, Luganoes, and InfStones on the Chiliz Chain, all of whom utilize the Proof of Stake Authority (PoSA) model, Animoca Brands plays an essential role in the network's security and governance, including the enabling of Fan Tokens, NFTs, decentralized applications (dApps), and the validation of transactions on the Chiliz Chain.
The emerging Chiliz ecosystem
As the Chiliz Chain establishes itself as the preferred blockchain for leading sports organizations in the Web3 space, opportunities for innovation abound for developers looking to create engaging SportFi applications. In a bid to foster creativity, Chiliz has lifted the whitelist restrictions, simplifying the deployment of SportFi solutions. With over 80 Fan Tokens from prominent clubs like FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, and A.S. Roma already integrated through Socios.com, Fan Tokens have emerged as the leading digital asset for fan engagement. These tokens are now available on various marketplaces, including Binance, OKX, Bitget, Paribu, and ChilizX. The ecosystem also features diverse community applications (like Socios.com), custodial solutions (such as BitGet Wallet and Magic Link), and upcoming DeFi lending options (Lenx and PepperSwap). Moreover, Chiliz supports an array of metaverse-driven sports games, football management games, and community platforms focused on rewards and engagement.
Embracing the Future: Chiliz Chain and SportFi
With Animoca Brands' entrance into the ecosystem, Chiliz cements its position as the leading blockchain for the sports and entertainment sectors. This marks the start of a transformative and extensive collaboration. Together, they are enhancing a network effect that encompasses GameFi, DeFi, and SportFi—creating a strategic partnership that is set to influence the evolution of these interconnected digital landscapes.
Yat Siu, co-founder and executive chairman of Animoca Brands, shared his enthusiasm, stating, “Joining the Chiliz Chain opens the door to blend our NFT and gaming expertise with the dynamic sports and entertainment ecosystem that Chiliz offers. We have witnessed the emergence of DeFi and GameFi, and we see SportFi as the next significant growth area that will revolutionize fan engagement while fostering new financial dynamics within the sports sector. We eagerly anticipate the groundbreaking innovations this partnership will yield.”
Alexandre Dreyfus, CEO of Chiliz, complemented this sentiment: “Our efforts extend beyond simply operating; we are driving the SportFi initiative through the Chiliz Chain. The inclusion of Animoca Brands as a validator signifies a crucial step towards establishing ourselves as the premier blockchain platform for the convergence of sports and Web3, thereby delivering greater benefits to sports properties, fans, users, and blockchain developers.”
About Chiliz
Chiliz stands at the forefront of SportFi, merging sports brands with decentralized potential. With the Chiliz Chain—the first Layer-1 EVM compatible blockchain tailored for sports and entertainment—our infrastructure is thriving, bolstered by the native token CHZ. Our flagship platform on the Chiliz Chain, Socios.com, boasts a global user community of over two million individuals, making it the largest consumer-facing product in Web3 outside of finance and trading. We have established partnerships with more than 150 prestigious brands, including major players in global sports such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, and prominent F1 teams. For more details, visit... www.chiliz.com for more information.
About SportFi
SportFi, introduced by Chiliz, symbolizes the confluence of the sports industry with blockchain commodification. It revolutionizes how fans engage financially with their favorite sports organizations. Through SportFi, fans can deepen their investment in beloved teams and organizations without jeopardizing their financial security or governance, all while fortifying the connection between sports entities and their supporters via blockchain. This establishes a more immediate, rewarding, and meaningful interaction between fans and the sports brands they cherish.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 The firm is recognized within the industry, and is included among the Financial Times’ ranking of top companies. High Growth Companies Asia-Pacific 2023 The company is a leader in Web3, utilizing blockchain technology to provide digital property rights to a global audience, thus contributing to the establishment of the open metaverse. Its portfolio includes a wide range of products, encompassing original games like The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, as well as products based on popular entertainment franchises such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. The company also operates several subsidiaries, including... The Sandbox , Blowfish Studios , Quidd , GAMEE , nWay , Pixowl , Forj , Lympo , Animoca Brands Japan , Grease Monkey Games , Eden Games , Darewise Entertainment , Notre Game , TinyTap , Be. , PIXELYNX , WePlay Media , and Gryfyn Animoca Brands leads the way in Web3 investment, boasting a portfolio of over 400 investments in the space, both directly and via Animoca Ventures, with notable firms such as Yuga Labs, Axie Infinity, Polygon, Consensys, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, Alien Worlds, among others. Learn more at... www.animocabrands.com or follow on Twitter or Facebook .
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