The sports and gaming blockchain industry has reached a significant milestone with the announcement of OKX, a renowned web3 technology firm, as the latest validator on the Chiliz Chain. As the first Layer-1 EVM compatible blockchain for sports and entertainment, the Chiliz Chain will greatly benefit from OKX’s involvement as a validator. This collaboration will enhance the network’s scalability, security, and governance, while also simplifying the creation and implementation of smart contracts and ensuring reliable transaction verification processes.
OKX’s integration into the Chiliz ecosystem brings a wealth of experience and a creative mindset from the cryptocurrency exchange industry. This alliance is further strengthened by the recent addition of validators such as PSG, the French state-owned energy firm EDF Group, K League, Infstones, Ankr, Paribu, Meria, and Luganodes. Together, these validators contribute to the advancement of the Chiliz Chain’s capabilities.
OKX has demonstrated a strong commitment to the alliance with Chiliz, reaching significant milestones in their relationship. One notable achievement is the enabling of spot trading for Chiliz’s native token, CHZ, on OKX’s platform since March 2021. This has greatly increased the accessibility of CHZ. Furthermore, in October 2023, OKX started supporting the integration of the Chiliz (CHZ) 2.0 mainnet. The firm has also actively engaged with the sports community by offering various fan tokens, including those from renowned football clubs like Manchester City and Tottenham Hotspur FC.
The Chiliz Chain, with its broader SportFi ecosystem, aims to provide a unique platform for innovative interactions between sports brands, gaming firms, and their followers. Through the utilization of blockchain technology, the Chiliz Chain facilitates the development of fan tokens, NFTs, and decentralized apps (dApps), enriching the fan experience and encouraging greater involvement and interaction.
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