Chiliz is the blockchain tech pioneer behind the Socios.com and Fan Token digital sports ecosystem, which has 2M+ wallets and has enabled sports teams to build direct relationships with their global audiences.
Chiliz Chain is the next phase in the Chiliz project, delivering the infrastructure for sports teams and brands to build Web3 products that foster greater interaction and direct relationships with their communities.
Chiliz Chain is a Layer-1, EMV-compatible, Proof of Staked Authority (PoSA) blockchain. Jump Crypto is among the first of the node validators to be revealed, with more big names from the industry on the way.
Chiliz will drive innovation on Chiliz Chain through its $50M accelerator programme Chiliz Labs and by hosting a series of hackathons across the world.
MAY 10th 2023: Chiliz, the leading blockchain provider for the sports industry, has officially launched the public mainnet of Chiliz Chain, marking the start of the next phase in the company’s mission to enhance the relationship between fans, communities and their favourite sports teams and brands through blockchain technology.
Teams and brands from sport and beyond can leverage Chiliz expertise in creating highly engaged digital communities, and its existing sports network of 150+ major teams, and build next generation experiences, products and services, powered by Chiliz native token $CHZ.
Chiliz Chain, a Layer-1, EVM-compatible, interoperable ecosystem, will introduce a system of 11 active Proof of Staked Authority (PoSA) node validators, which will include some of the most respected names in blockchain and eventually leading sports properties, responsible for validating transactions and creating a highly secure environment from which approved developers can build the projects that will form the backbone of web3 in sport. The first validators to be revealed are Jump Crypto, Paribu and Meria (previously known as Just Mining) with more announcements forthcoming.
In addition to providing lower fees and supporting shorter block time (the time it takes to mine a new block on the chain), the PoSA blockchain model also uses significantly less energy, supporting Chiliz commitment to develop its technology sustainably.
All fees on Chiliz Chain will be paid using Chiliz native token $CHZ, the network enabler of this new ecosystem. Staking, a key mechanism in which users delegate their tokens to secure the network, is an integral part of the PoSA model and $CHZ holders can now play a role in the development of the ecosystem and be rewarded for staking their $CHZ on the chain.
Chiliz Chain aims to become the home for leading sports brands in web3, with the door open to Chiliz existing sports network of Socios.com partners, and other major brands from sport and beyond, to explore innovative new ways to bring fans and communities together through Fan Tokens and web3 technology.
Continued innovation will drive the growth of the Chiliz Chain ecosystem and Chiliz will foster this through Chiliz Labs, the $50M Jump Crypto backed accelerator and incubator for early stage sports focused blockchain projects looking to build on Chiliz Chain.
A host of web3 sports projects to be incubated by Chiliz Labs will be unveiled over the coming months. Projects will include metaverse based sports, football and football manager games, rewards and engagement driven community platforms, social gaming platforms, AI-based content platforms, 3D quality digital sports collectibles and NFT ticketing programmes.
Chiliz will also inspire developers with the aim of creating a global community dedicated to building the future of web3 sports by hosting Chiliz Chain hackathon tournaments in major stadiums and sports arenas all over the world. Details on Chiliz Chain hackathons will be announced soon.
Alexandre Dreyfus, CEO of Chiliz, said: “We’re proud to officially introduce the global sports community to Chiliz Chain, the Sports Blockchain.
“We’ve been building towards this moment for a long time and it’s a huge step forward for us.
“Through our long-term commitment to innovation, our network, new partnerships and by fostering sports focused blockchain projects, Chiliz Chain can grow to form the backbone of web3 in sport, providing the infrastructure behind the next generation of products, experiences and services for teams, brands and their fans.”
Chiliz is the creator of Fan Tokens and Socios.com, the world’s leading fan engagement and rewards app. Fan Tokens are digital utility tokens that allow fans to access engaged communities on the Socios.com app, where they can connect with their favourite teams and earn rewards. The Socios.com and Fan Token ecosystem features giants of world sport, such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S Roma, UFC and major F1 teams, and continues to grow with more than 2M+ wallets.
