JAKARTA Chiliz (CHZ), which focuses on blockchain services for the sports world, recently launched the main network (play network) or the Chilez Chain public mainnet. This effort is the next step in helping the sports industry connect with their communities by leveraging blockchain technology.
For information, Chiliz Chain is a layer-1 blockchain ecosystem integrated with the Ethereum Virtual Machine (EVM). With the launch of this mainnet, Chiliz intends to present a network of 11 node validators called Proof of Stake Authority (PoSA).
Later, these eleven validators will be responsible for validating transactions and securing the Chilez ecosystem. They also allow developers to buy important projects in web3 space related to the sports industry.
That way, the model is expected to deliver lower transaction fees, support shorter block times, using more efficient and sustainable energy. All transactions on the network will use Chiliz's crypto token, CHZ.
Chilez is currently working with the 150 leading sports teams in various countries. Chiliz is also the creator of fan tokens through Socios.com. A number of top sports clubs have entered into partnerships through Socios, including FC Barcelona, AS Roma, Juventus, PSG, Manchester City, SSC Napoli, Arsenal, Inter Milan, Atletico Madrid, and so on.
"We are proud to be able to officially introduce the global sports community to Chiliz Chain, the Sports Blockchain. We have been building this moment for a long time and this is a big step for us. Through our long-term commitment to innovation, our network, new partnerships, and by encouraging sports-focused blockchain projects," said Alexandre Dreyfus, Chilez CEO.
That way, 'Chiliz Chain can grow into the backbone of web3 in sports, providing infrastructure behind the next generation of products, experiences, and services for their teams, brands, and fans',' added Dreyfus.
Not only that, but Chiliz is also open to developers interested in developing Web3 projects related to sports. One way is by holding hackathons in large stadiums that can be accessed by the public.
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