OKX Teams Up with Chiliz to Boost Blockchain Innovation in Sports and Entertainment

FinanceFeeds Editorial Team

OKX has joined forces with Chiliz, enhancing blockchain advancements within the sports and entertainment sector.

Chiliz and OKX

The collaboration brings OKX onboard as a new validator for the Chiliz Chain, the premier Layer-1 EVM compatible blockchain catering to sports and entertainment. This strategic move bolsters the network’s governance, security, and scalability, crucial for the seamless execution of smart contracts and robust transaction verification.

With OKX integrating into the Chiliz ecosystem as a validator, it brings a wealth of expertise from the crypto exchange realm, augmenting the capabilities of the Chiliz Chain. This collaboration further strengthens the ecosystem, alongside newly announced validators such as PSG, EDF Group, K League, Infstones, Ankr, Paribu, Meria, and Luganodes.

OKX’s partnership journey with Chiliz underscores a steadfast commitment, marked by significant milestones. Notably, OKX has played a pivotal role in enhancing the accessibility of Chiliz’s native token, CHZ, through spot trading since March 2021. This was followed by OKX’s support for the Chiliz (CHZ) 2.0 mainnet integration in October 2023. Additionally, OKX has actively engaged with the sports community by listing various fan tokens, including those of prominent football clubs like Tottenham Hotspur FC and Manchester City.

The Chiliz Chain stands as a pioneering platform, fostering interactions between sports brands, gaming companies, and their fan bases through the SportFi ecosystem. Leveraging blockchain technology, it enables the creation of fan tokens, NFTs, and decentralized applications (dApps), enhancing fan experiences with heightened engagement and participation.

About Chiliz

Chiliz stands at the forefront of SportFi, boasting an infrastructure powered by the Chiliz Chain, the premier Layer-1 EVM compatible blockchain for sports and entertainment. Anchored by the Chiliz native token CHZ, its diverse ecosystem thrives. At its core is Socios.com, the leading product on the Chiliz Chain, boasting a global community exceeding two million users. This makes it the largest non-finance/trading-centric Web3 consumer-facing product worldwide in terms of user base. Chiliz boasts partnerships with a plethora of renowned brands, including sporting giants like FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S. Roma, and major F1 teams.

About OKX

OKX, a prominent global technology company shaping the future of Web3, offers a comprehensive range of products catering to both novices and experts. These include:

  • OKX Wallet: Renowned as the world’s most robust, secure, and adaptable crypto wallet, granting users access to over 85 blockchains while enabling them to retain custody of their funds. The wallet incorporates MPC technology, allowing users to effortlessly regain access to their wallet independently, eliminating the necessity for traditional ‘written down’ seed phrases. Moreover, OKX Wallet’s Smart Account, fueled by account abstraction, empowers users to execute transactions across multiple blockchains using USDC or USDT, and engage with various contracts through a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator encompassing 400+ other DEXs and approximately 20 bridges, supporting over 200,000 coins and more than 20 blockchains.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace granting users access to NFT listings across seven top-tier marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
  • Web3 DeFi: A robust DeFi platform facilitating earning and staking across about 70 protocols spanning over 10 chains.

OKX fosters partnerships with numerous esteemed brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, and Olympian Scotty James.

As pioneers in crafting innovative technology solutions, OKX advocates for challenging the status quo. The company recently launched a global brand campaign titled “The System Needs a Rewrite,” advocating for a new paradigm propelled by self-managed Web3 technology.

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