Chiliz Launches SportFi Ecosystem, Blockchain Collaboration And Sports

Chiliz, a platform that brings together blockchain with the sports industry. (Photo; Doc. Btcc)

JAKARTA - Chiliz, a leading sports blockchain network, announced the launch of more than 25 new projects within its SportFi ecosystem on Thursday, November 2. The SportFi ecosystem is a platform that connects the world of sports with web3 technology, providing new products and experiences to sports enthusiasts.

SportFi is a concept that combines sport and decentralization, creates valuable digital assets from sport, and increases the involvement and loyalty of fans through blockchain. With SportFi, sporting entities can take advantage of their intellectual property in a more innovative way, such as selling tickets, merchandise, and voting rights in a more transparent and secure manner.

Chiliz is one of the pioneers of SportFi, by creating Chiliz Chain, a blockchain dedicated to sport. Chiliz Chain houses a variety of SportFi projects, such as Fan Token, Infrastructure Token, Marketplace, Fan Apps, DeFi, security wallets, validators, and others.

For additional information, Fan Token is a token that represents favorite fan sports clubs, granting voting rights, exclusive access, and attractive rewards. Fan Tokens has been published by more than 80 leading sports clubs, such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, SC Napoli, Inter Milan, AC Milan, Arsenal, Atversusico Madrid, and AS Roma.

Fan Tokens can be traded on various crypto exchanges, both inside and outside of the Chiliz Chain. Some marketplaces that have collaborated with Chiliz are Binance, OKX, Bitget, Paribu, ChilizX, and others.

In addition, Chiliz also has community applications such as Socios.com, which is the main platform for buying and using Fan Tokens. Chiliz also provides secure storage solutions such as BitGet Wallet, Magic Link, and Fireblocks, as well as upcoming DeFi and DEX loan solutions such as Lenx and PepperSwap.

Chiliz Chain recently switched to an unlicensed framework, meaning anyone can start projects, smart contracts, and tokens in them without having to get approval from the central authorities.

This provides an opportunity for developers and companies to explore the bold and creative SportFi application. Chiliz Chain also has validators responsible for securing and validating transactions in it. Some of the validators who have joined the Chiliz Chain are Binance, OKX, Bitget, Paribu, and others.

Recently, SportFi is an ecosystem that is growing, providing a new dimension in the way fans interact with sports. Chiliz is committed to expanding the SportFi ecosystem by adding more partners, projects, and products in the future.