In a notable advancement within the blockchain world, OKX, a prominent web3 technology company, has emerged as the newest validator in the Chiliz Chain. This collaboration unfolds a new chapter in blockchain innovation, specifically tailored to the sports and entertainment sector.
By integrating OKX as a validator, Chiliz Chain strengthens its governance, security and scalability, increasing smart contract development and execution while ensuring robust transaction verification processes.
We are excited to announce that @OKX is joining Chiliz Chain as a validator node.
Read all about our collaboration here
https://t.co/4hGaeiN1hn#ChillizChain
$CHZ
— Chiliz ($CHZ) – The Sports Blockchain
(@Chilliz) April 11, 2024
This strategic alliance leverages OKX’s extensive expertise and avant-garde approach gained in the crypto exchange domain, providing the Chiliz ecosystem with enhanced capabilities.
OKX’s participation joins other leading validators such as PSG, French energy giant EDF Group, K League, Infstones, Ankr, Paribu, Meria and Luganodes. The collaboration underlines OKX’s firm commitment to advancing blockchain innovation within the sports and entertainment landscape.
Milestones in the OKX-Chiliz partnership
The partnership between OKX and Chiliz has seen significant milestones that underscore their continued commitment to mutual growth. Notably, OKX has played a crucial role in improving the accessibility of Chiliz’s native token, CHZ, by facilitating spot trading since March 2021.
Subsequently, in October 2023, OKX extended its support to the Chiliz (CHZ) 2.0 mainnet integration, further strengthening their collaboration efforts. Furthermore, OKX has actively contributed to promoting community involvement within the sports domain by listing various fan tokens, including those of illustrious football clubs such as Tottenham Hotspur FC and Manchester City.
The Chiliz Chain embodies a groundbreaking platform that catalyzes new interactions between sports brands, gaming companies and their fan communities. Using blockchain technology, it facilitates the creation of fan tokens, non-fungible tokens (NFTs) and decentralized applications (dApps), enriching the fan experience with increased engagement and participation.
As OKX joins forces with Chiliz as a validator, the convergence of expertise and resources propels the SportFi ecosystem to new horizons of innovation and inclusivity.
By forging this partnership, OKX and Chiliz are paving the way for a dynamic convergence of blockchain technology and the sports and entertainment industry, fostering a landscape where fan engagement, tokenization and decentralized governance come together to redefine the future of sports fandom.