Celebrating its fifth anniversary this Wednesday (8), the Chiliz cryptocurrency announced the launch of its own blockchain, arriving with a focus on Web3 related to sports and entertainment.
The block coming from the new Layer-1 EVM compatible with the Chiliz Blockchain was validated earlier today, as disclosed by the company.
In addition, a new brand is beginning to be perceived by the project’s investors. In Brazil, the project is one of the most declared projects to the Federal Tax Office by cryptocurrency investors, mainly between November and December 2022.
New brand and own blockchain: news about the Chiliz cryptocurrency
In an announcement through social networks, Chiliz’s official profile shared the news with her followers early on. For example, on Twitter, the nearly 500,000 profiles that follow Chiliz could see the company changing its image, now with a symbol resembling that of a bell pepper.
𝐇𝐚𝐩𝐩𝐲 𝐁𝐢𝐫𝐭𝐡𝐝𝐚𝐲 𝐭𝐨 𝐮𝐬 – celebrating our 5th anniversary with a new look! 🤩 #NewProfilePic
We are proud to share with the Chiliz community that the origination block of our new EVM-compliant Layer 1 blockchain has been validated.#ChilizBirthday ⚡️ $CHZ pic.twitter.com/yEVhSoU1BN
— Chiliz ($CHZ) – Powered by Socios.com ⚡ (@Chiliz) February 8, 2023
According to Alexandre Dreyfus, CEO of Chiliz, in a note to Livecoins, the new focus on Web3 is to help sports fans.
“Chiliz is focused on unlocking the potential web3 can bring to fan communities, benefiting the fans themselves, sports and entertainment brands, developers and service providers. Our strategy is to continue to build the underlying infrastructure that enables these communities to build the products and services they need, and to continue to grow our network, to support the world’s leading sports and entertainment brands. , top developers and the most passionate fans. .”
Using Chiliz Blockchain technology, sports and entertainment brands and developers can launch new features. Among the examples supported by the new network are NFTs, Fan Tokens, DeFi products, Play2Earn games and other experiences with the so-called Web3.
Chiliz will publicly announce 8-10 enterprise-grade projects in the coming months. This includes NFT ticketing pilots, athlete-targeted third-party Fan Tokens, and Web3 infrastructure partners for sports and entertainment.
Company issues fan token for Flamengo, Corinthians and other major Brazilian clubs
Through his Socios.com app, Chiliz has issued fan tokens to some of the largest sports communities in the world.
Socios.com partners with more than 170 major sports organizations including FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, SSC Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, AS Roma, UFC, F1 and many more more. In Brazil, Socios.com is a partner of clubs such as Flamengo, Fluminense, Vasco, Corinthians, Palmeiras, São Paulo, Internacional-RS, Atlético-MG and Bahia.
According to the company, the native token Chiliz (CHZ) will continue to be the main fuel for the new Chiliz Blockchain ecosystem. This includes all applications that are expected to arrive in the technology. Holders of CHZ tokens can also receive rewards for wagering on the network.
Finally, the new Chiliz blockchain presents itself as an interoperable and multi-vertical, open ecosystem, compatible with EVM Layer-1. This allows all approved stakeholders to become node operators and benefit from continued network adoption.
Blockchain governance initially allows only approved third-party developers to deploy smart contracts in the ecosystem. According to the company, the aim is to provide partners and users with a high level of security.
In addition, Blockchain Chiliz will feature a system of 11 active validators with PoSA consensus (Proof of stake authority), supports shorter lock times, lower rates and significantly less power consumption.
Despite the announcement of the novelty, the price of Chiliz changed little in the market, with a 0.59% devaluation this Wednesday afternoon, quoted at US$0.15 per unit.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
