Major Player in Gaming Joins CHZ Blockchain as Validator Node

Crypto News- In a noteworthy move within the gaming and blockchain realms, Animoca Brands, a prominent figure in this space, has recently joined forces with the Chiliz blockchain network as a validator, signifying a pivotal moment in the governance structure of Chiliz Chain.

Renowned for its groundbreaking contributions to blockchain within the gaming and digital entertainment sphere, Animoca Brands’ integration into the Chiliz Chain network represents a strategic step towards diversifying its footprint in the sports sector.

Major Player in Gaming Joins CHZ Blockchain as Validator Node

The entry of Animoca Brands into the ranks of Chiliz validators is poised to exert a significant influence on the Chiliz SportFi ecosystem, leveraging the company’s extensive experience in the realms of NFTs (Non-Fungible Tokens) and gaming.

Yat Siu, Co-founder of Animoca Brands, expressed the collaborative spirit, stating, “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.”

Chiliz Chain has positioned itself as a web3-ready platform, with a primary focus on engaging sports enthusiasts through the innovative integration of blockchain technology. Notably, the platform has been instrumental in the creation of more than 80 Fan Tokens associated with major sports clubs, solidifying its impact on the sports industry.

CEO of Chiliz, Alexandre Dreyfus, emphasized the significance of this collaboration, describing Animoca Brands’ inclusion as a validator as an “acceleration in our journey to become the de facto blockchain for sports and Web3 convergence.”

In a parallel development, Animoca Brands recently secured a substantial $20 million investment for its ‘Mocaverse’ project, underscoring the company’s commitment to the metaverse sector. While industry attitudes toward the metaverse concept vary, with some companies expressing skepticism, Animoca Brands’ investment signals a persistent belief in the potential of the metaverse.

This strategic partnership between Chiliz and Animoca Brands reflects a broader trend of collaboration between blockchain technology and the sports sector. It underscores the convergence of SportFi, GameFi, and DeFi in the digital landscape, potentially opening up new avenues for fan engagement and innovation in the sports industry.