The inclusion of Animoca Brands in this ecosystem solidifies Chiliz’s commitment to being the leading blockchain infrastructure for the sports and entertainment sectors.
On November 13, 2023, Chiliz revealed that Animoca Brands has become a key validator and participant in the Chiliz Chain, contributing to the decentralization of the platform’s governance. Chiliz Chain serves as a catalyst for Web3 projects, particularly those focused on allowing sports brands to interact and reward their fans through blockchain technology.
Animoca Brands is a very popular entity known for its pioneering work in blockchain within gaming and digital entertainment. Additionally, with a strategic emphasis on the sports sector, including products such as ONE Fight Arena, AFL Mint and REVV Motorsport, Animoca plays an active role in shaping the future of the Chiliz SportFi ecosystem by joining as a node validator.
This integration positions Animoca Brands within the dynamic Chiliz ecosystem, connecting with elite sports brands and Web3 sports operators. Animoca Brands joins an existing group of validators, including Ankr, Paribu, Meria, Luganoes, and InfStones, operating on the Chiliz Chain using the Proof of Stake Authority (PoSA) node.
Validators play a critical role in network governance and security, facilitating the creation of Fan Tokens, NFTs, and decentralized applications (dApps), as well as verifying transactions and ensuring the secure execution of smart contracts on the Chiliz Chain. Speaking about the development, Yat Siu, Co-Founder and CEO of Animoca Brands saying:
“Becoming a Chiliz Chain participant is an opportunity to merge our nft and gaming expertise with Chiliz’s robust sports and entertainment ecosystem. We have already seen the rise of DeFi and GameFi, and we believe that SportFi represents the next big area of growth 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.”
The Chiliz ecosystem in expansion
Chiliz Chain is quickly emerging as a hub for prominent sports brands in the Web3 space. It also offers builders the opportunity to explore innovative applications of SportFi. In a bid to further improve accessibility for developers, Chiliz removed the whitelist, streamlining the process of deploying SportFi solutions within the Chiliz Chain ecosystem.
The Chiliz ecosystem features a wide range of offerings, including metaverse-based sports games, soccer and soccer manager games, community platforms driven by rewards and engagement, social gaming platforms, and digital sports collectibles.
The inclusion of Animoca Brands in this ecosystem solidifies Chiliz’s commitment to being the leading blockchain infrastructure for the sports and entertainment sectors, generating dynamic and extensive collaboration. This collaboration sets the stage for a network effect spanning GameFi, DeFi, and SportFi, establishing a strategic alliance that is poised to influence the future of these interconnected digital realms.
next
