Animoca Brands Ventures into the Game with Chiliz Chain

Animoca Expands Presence in SportFi Ecosystem as New Chiliz Chain Validator

Animoca is looking to join the SportFi ecosystem and has become a validator on the Chiliz Chain.

Move aside DeFi and GameFi—there’s a new player in town ready to redefine fan engagement in the sports industry: SportFi. And leading the charge is venture capital firm Animoca Brands, joining forces with fan token blockchain Chiliz Chain as a validator within its proof-of-stake authority protocol.

Chiliz Chain, the powerhouse behind Socios.com, has already won over the hearts of Europe’s most beloved football clubs and popular sports brands. Now, with the support of Animoca Brands, they’re taking Web3 fan tokens and blockchain-based offerings to a whole new level.

Animoca Brands, renowned for their expertise in nonfungible tokens (NFTs) and gaming, sees this partnership as the perfect opportunity to merge their knowledge with Chiliz’s dedication to sports and entertainment-focused blockchain solutions. It’s a match made in digital heaven!

CEO Alexandre Dreyfus believes Animoca Brands’ addition as a network validator is a pivotal milestone in their quest to solidify their position as a major blockchain solution driving Web3 functionality in the sports industry. They’re scoring points left and right!

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But wait, there’s more! Animoca Brands is not just another validator on the Chiliz Chain. They join an elite group of validators that includes Ankr, Paribu, Meria, Luganoes, and InfStones. Together, they’ll authorize the creation of fan tokens, NFTs, decentralized applications, and even verify transactions and execute smart contracts. Talk about a powerhouse team!

Animoca Brands has been spreading their investment magic across the Web3 space, with a particular focus on sports. Their lineup of Web3 sports products, including One Fight Arena, AFL Mint, and REVV Motorsport, is proof of their dedication to the game. And let’s not forget their latest headline-grabbing move—acquiring French racing game developer Eden Games for a whopping $15.3 million. They’re all fired up to revolutionize the racing game genre with blockchain-based experiences.

Meanwhile, Chiliz has been making waves of its own. In February 2023, they launched their very own layer-1 Ethereum Virtual Machine-compatible blockchain ecosystem, bidding farewell to their Ethereum-based ERC-20 token ecosystem. This blockchain beauty promises faster block times, lower fees, and energy-efficient performance. It’s like watching your favorite team go for glory!

So, dear digital asset investors, buckle up and get ready for a thrilling ride into the world of SportFi, courtesy of Animoca Brands and Chiliz Chain. The future of fan engagement is here, and it’s about to hit a home run!

Did someone mention GameFi? Check out this article to see how Fanton, the telegram fantasy football game, joined the Cointelegraph accelerator.

Want to know more? Dive into this article as Chiliz launches a layer-1 blockchain to expand the fan token ecosystem.

Wait, there’s more! Treat yourself to juicy insights on Socios boss’ goals in this magazine. Get ready for a real page-turner!

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