Animoca Brands Validates Chiliz Chain to Amplify Web3 Sports

• Animoca Brands, a venture capital firm focused on blockchain gaming and sports, will become a validator for Chiliz Chain to expand in the SportFi sector.
• Chiliz Chain powers Socios.com, the platform for fan tokens of major sports teams. As a validator, Animoca will help authorize transactions on the blockchain.
• The partnership allows Animoca to combine its expertise in NFTs and gaming with Chiliz’s sports and entertainment focus, according to the companies’ CEOs.

Animoca Brands, a venture capital firm focused on blockchain gaming and sports, will become a validator for Chiliz Chain as it looks to expand in the burgeoning SportFi sector.

Chiliz Chain

Chiliz Chain is the blockchain that powers Socios.com, the platform for fan tokens of major sports teams and organizations. By joining as a validator, Animoca will help authorize transactions and applications on Chiliz Chain.

The Partnership

Animoca co-founder Yat Siu says the partnership allows his company to combine its expertise in NFTs and gaming with Chiliz’s sports and entertainment focus. Chiliz CEO Alexandre Dreyfus says Animoca’s addition marks an important milestone as Chiliz establishes itself as a leading blockchain for sports.

Animoca’s Sports Focus

Animoca has invested widely across Web3 but also focuses on sports. Its sports products include One Fight Arena, AFL Mint, and REVV Motorsport. It acquired French racing game developer Eden Games last year to expand its motorsport gaming offerings.

Chiliz Chain Launch

Chiliz launched its EVM-compatible layer-1 blockchain in February 2022. The blockchain uses proof-of-stake for faster transactions, lower fees, and energy efficiency compared to Ethereum.

Conclusion

By joining as a validator, Animoca expands its exposure to the growing world of blockchain gaming and sports. The partnership allows both companies to leverage each other’s expertise in gaming, sports, and blockchain technology.