• Chiliz has validated the genesis block of its brand-new L1 EVM-compatible blockchain, Chiliz 2.0, to celebrate its fifth anniversary.
• This blockchain will use a proof-of-staked-authority consensus mechanism that employs 11 active validators.
• The platform enables businesses, organizations, and people to create Non Fungible tokens {NFTs}, fan tokens, and web3-ready tickets, as well as DApps and web3-based services and goods.
Chiliz Launches Brand New Blockchain
Chiliz has validated the genesis block of its brand-new L1 EVM-compatible blockchain, Chiliz 2.0, to celebrate its fifth anniversary. This blockchain will work using a proof-of-staked-authority consensus mechanism that employs 11 active validators.
Significance Of Chiliz 2.0
The launch of Chiliz 2.0 marks an important milestone for the fan token platform as it now runs on its own L1 chain instead of Ethereum ERC20 tokens previously used in the ecosystem. This move also entices decentralized application developers to create within this environment due to its compatibility with existing standards like BNB Chain which helps improve the network’s block time, gas fee efficiency and use low energy.
Socios App And NFTs
Chiliz is a renowned fan token platform powering Socios app which is currently being used by major football teams such as Barcelona, Manchester City, Arsenal and PSG to connect with their fans and sponsors. The platform also enables businesses, organizations and people to create Non Fungible tokens (NFTs), Fan Tokens and Web3 ready Tickets along with Decentralized Applications (DApps) & Web3 based services/goods.
Limited Edition NFT To Celebrate Fifth Anniversary
As part of celebrating the fifth anniversary of the fan token platform Chiliz have introduced 100 limited edition NFTs which can be won through their festivities while they also launched a creative contest urging participants to make something unique with their new logo whether it’s baking a cake or making memes etc..
Conclusion
Chiliz Chain 2.0 is set to revolutionize the way sports & entertainment industry interacts & engages with their fans & sponsors through innovative technologies such as non fungible tokens (NFT) & other digital asset management services powered by blockchain technology making it easier for them access these services securely anywhere in the world at any time!