OKX will become a validator for the Chiliz Chain. This is a significant development in the blockchain world, especially for sports and entertainment. This partnership will improve governance, security, and scalability for the Chiliz Chain. These improvements are vital for smooth smart contract operations and verifying transactions.
With OKX on board as a validator, the Chiliz Chain will benefit from top-notch expertise from the cryptocurrency exchange world. This collaboration will make the Chiliz Chain even stronger. OKX joins other big names like PSG, EDF Group, K League, and more as validators in this collaboration.
OKX’s Journey with Chiliz
OKX has been a committed partner to Chiliz, supporting its native token CHZ for a while now. They’ve helped make CHZ more accessible. They enabled spot trading since March 2021. Additionally, they incorporated the Chiliz (CHZ) 2.0 mainnet in October 2023. OKX has also been active in the sports community. They listed fan tokens of famous football clubs like Tottenham Hotspur FC and Manchester City.
The Chiliz Chain is all about connecting sports brands, gaming companies, and their fans through blockchain tech. It lets them create fan tokens, NFTs, and dApps, making fan experiences more engaging and fun.
| About Chiliz | About OKX |
|---|---|
| Chiliz is a leader in the SportFi world. They operate on the Chiliz Chain; it is known as the go-to Layer-1 EVM compatible blockchain for sports and entertainment. | OKX is a top global tech company shaping the future of Web3. They offer a bunch of products for all kinds of users. |
OKX is a big tech company that’s helping to shape the future of Web3. They have a bunch of products for all kinds of users.
One of their main products is the OKX Wallet, which is known for being super strong, safe, and easy to use. It lets people get to over 85 blockchains and makes sure they always have control over their money.
They also have something called the DEX, which is a special kind of exchange that works on lots of different blockchains. It brings together over 400 other exchanges and around 20 bridges, letting people trade over 200,000 coins on more than 20 different blockchains.
Another thing they’ve got is the NFT Marketplace. It’s a place where people can list NFTs for sale without having to pay any fees. They’ve partnered with seven top marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
Lastly, they’ve got a platform for Web3 DeFi. This lets people earn and stake cryptocurrencies across about 70 different systems on over 10 blockchains.
Disclaimer
FAQ
OKX's role as a validator is crucial for enhancing the governance, security, and scalability of the Chiliz Chain, ensuring robust and efficient blockchain solutions in the sports and entertainment sectors.
This collaboration leverages OKX's expertise in cryptocurrency exchanges to strengthen Chiliz Chain's capabilities, promoting better fan engagement through innovative uses of fan tokens, NFTs, and dApps.
Expected outcomes include improved blockchain infrastructure for sports brands, enhanced security for transactions, and richer, more interactive fan experiences in sports and entertainment.
