Chiliz, the leading blockchain provider for sports and entertainment, made a major announcement today as Allnodes officially joined Chiliz Chain as a validator. The news was shared on Chiliz’s official Twitter account, expressing excitement about the continued growth of the SportFi ecosystem.
In a tweet, Chiliz stated: “We are excited to announce that Allnodes is joining Chiliz Chain as a new validator.” This move comes shortly after Allnodes entered the SportFi ecosystem by releasing their PublicNode Chiliz Chain RPC. By becoming a Chiliz Chain Validator, Allnodes strengthens its commitment to the platform and the broader blockchain-based sports and entertainment space.
We are excited to announce that Allnodes is joining Chiliz Chain as a new validator 🤝@Allnodes has already recently joined the SportFi ecosystem by releasing their PublicNode Chiliz Chain RPC. Now they’re increasing their involvement by becoming a Chiliz Chain validator.#ChilizChain ⚡ $CHZ pic.twitter.com/hSZ4yip7j3
— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) November 15, 2023
Pushing the boundaries of Blockchain innovation
Founded in 2018, Allnodes is a platform designed to simplify the hosting and staking process for nodes across various protocols. The platform’s focus on non-custodial hosting ensures that users maintain full control over their assets, improving security and reducing the risk of unauthorized access to funds. Allnodes specializes in seamlessly deploying nodes, eliminating the need for advanced technical expertise.
In addition to offering hosting services, Allnodes enables non-custodial staking for numerous cryptocurrencies. Staking involves securing funds in a cryptocurrency wallet to contribute to the operational functions of a blockchain network, leading to reward accrual. Allnodes supports over 70 protocols, such as Chiliz Chain, Ethereum, Bitcoin, BNB Smart Chain, Polygon and more. Users have the option to both host nodes and participate in staking various cryptocurrencies on the platform.
Chiliz has been at the forefront of blockchain innovation for sports and entertainment since 2018 and is the driving force behind the creation of Fan Tokens. These digital assets connect more than 170 major sports organizations with their global fan bases through the Socios.com fan engagement app. Chiliz Chain, which is quickly emerging as a hub for leading sports brands in the Web3 space, recently removed its whitelisting, making it more accessible for developers to deploy SportFi solutions.
More than 80 Fan Tokens from renowned sports clubs such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus and many more have already been staked on the Chiliz Chain via Socios.com. Known for their increasing usefulness, fan tokens are the most widely used digital assets for fan engagement in the sports sector. They can be redeemed on multiple marketplaces including Binance, OKX, Bitget, Paribu, ChilizX and others.
The Chiliz ecosystem features several community apps, custodial solutions, and upcoming DeFi lending and DEX solutions, demonstrating its versatility and commitment to providing a comprehensive blockchain-based sports and entertainment experience. SportFi, a groundbreaking concept from Chiliz, represents the intersection of the sports industry with blockchain-based commodification, allowing fans to connect financially with their favorite sports entities.
In a related development, Chiliz recently announced that Animoca Brands has joined Chiliz’s blockchain network as a validator and lead participant, contributing to the decentralization of Chiliz Chain’s governance. This move reinforces the collaborative nature of the Chiliz ecosystem and its commitment to pushing the boundaries of blockchain innovation in the sports and entertainment industry.