Let’s get right to the heart of things, explaining the Chiliz Chain itself.
This article will cover the key Chiliz crypto topics, including the chain’s PoSA consensus mechanism, explaining the role of the Chiliz $CHZ token and the vibrant ecosystem built on Chiliz Chain, that is driving the SportFi movement.
Chiliz Chain is unique. Chiliz Chain is home to one of the most high potential movements in blockchain. Chiliz Chain is really starting to warm up. Read on and all will be revealed.
What is Chiliz Chain?
Chiliz Chain is a Layer-1 Proof of Stake Authority EVM compatible blockchain for the sports and entertainment industry. It’s governed by a world class network of 11 validators that includes giants from blockchain and sport like Animoca Brands, OKX, Paris Saint Germain and Exaion, subsidiary of world-leading energy provider EDF
And it’s powered by the Chiliz $CHZ token, the network and governance token of this growing ecosystem.
The Sports Blockchain
It’s also known as The Sports Blockchain – with a vision to create the world’s biggest decentralized web3 ecosystem delivering products and services that bring fans and brands together.
And, it’s the home of SportFi, the movement that aims to smooth the transition between Web2 and Web3 for sport in the same way GameFi is for gaming and SocialFi is for social media networks.
Chiliz Chain is growing fast
Major sporting organizations and trailblazing innovators are already deploying game-changing projects on the Chain, fuelling the SportFi movement.
Fantasy football games for professional sports federations and leagues, and metaverse based football games are among the first projects rolling out on the chain.
Other examples include social games that enable competitions between friends during live sports games. Interactive games, featuring trading cards, minted on-chain and AI sports fitness platforms featuring challenges curated by Olympians.
But this is just the tip of the iceberg.
Inspiring developers
Hackathons in football stadiums will inspire the developer community. New partnerships will supercharge the Chain’s growth in key markets.
This adoption, innovation and game-changing will drive the biggest names in sport to roll out their web3 visions. And we’re already partners with most of them by virtue of our Fan Token network.
Fan Tokens and Chiliz Chain
Fan Tokens – official crypto assets for over 70 of the biggest sports teams in the world – drove the first wave of blockchain powered fan engagement on Socios.com – our world leading fan engagement app.
They are already the biggest digital asset class in sport. Now they are entering a new phase, ready to plug into new dApps built on the chain and spread these mainstream sports IPs across Web3.
Fan Tokens will become widespread. And it means the teams – these massive, iconic, sports brand IPs – will become increasingly connected to Web3, bringing their legions of mainstream fans with them.
This is a big part of the SportFi vision.
Spicing up web3
The biggest names in sport and blockchain are with us. Those that aren’t, want to know more about Chiliz and SportFi.
We’re just warming up. Web3 is about to get a lot spicier.
