Animoca Brands, a leader in blockchain innovation, has recently partnered with Chiliz, enhancing the SportFi ecosystem. This collaboration was announced on November 13, 2023, marking a significant step towards integrating sports and blockchain technology. The union aims to revolutionize fan engagement in the sports industry by utilizing Chiliz’s blockchain network.
Blockchain Meets Sports: The Chiliz Chain
Chiliz, known for its pioneering efforts in SportFi – the fusion of sports and finance through blockchain – has established a platform that allows fans to interact and engage with their favorite sports clubs and brands in a more involved manner. The Chiliz Chain, launched earlier this year, serves as a foundation for Web3 projects, enabling sports brands to reward fans through interactive blockchain engagement.
“Becoming a participant in the Chiliz Chain is an opportunity to meld our expertise in NFTs and gaming with the robust sports and entertainment Chiliz ecosystem. We have already seen the rise of DeFi and GameFi, and we believe that SportFi represents the next major growth area 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.”
Yat Siu, co-founder and executive chairman of Animoca Brands
The Role of Animoca Brands in the SportFi Landscape
By joining the Chiliz Chain as a validator, Animoca Brands extends its blockchain expertise into the sports sector. Their involvement in the Chiliz ecosystem not only decentralizes governance but also paves the way for innovative Web3 applications in sports. Animoca Brands, with a rich portfolio in blockchain-based gaming and digital entertainment, aims to leverage this partnership to create new opportunities in the sports industry.
Animoca Brands joins a robust network of validators on the Chiliz Chain, including notable names like Ankr, Paribu, and InfStones. These validators play a crucial role in the governance and security of the network, facilitating the creation of fan tokens, NFTs, and decentralized applications. This collective effort ensures the smooth functioning and expansion of the Chiliz ecosystem.