Chiliz

Champion

Quick take:
<ul>
 <li>Blockchain validators play the role of maintaining a network’s integrity, security, and operations.</li>
 <li>PSG said it will reinvest all validator revenue by buying back PSG tokens.</li>
 <li>The Ligue 1 club also plans to host blockchain hackathons at Parc Des Princes.</li>
</ul>
Paris Saint-Germain has joined the Chilz Chain validator network, becoming the first sports team to play that role in a blockchain company. Blockchain validators play the role of maintaining a network’s integrity, security, and operations, in exchange for a fee.
PSG said it plans to reinvest all validator revenue into buying back PSG Fan Tokens, as it looks to foster a self-sustaining digital economy for the benefit of the community.
The Ligue 1 football club also said it will be pioneering stadium-hosted blockchain hackathons at Parc Des Princes, as part of its strategy for promoting web3 innovation and digital fan community engagement.
Chiliz Chain powers the world’s largest SportFi ecosystem with its advanced infrastructure and the array of decentralized applications becoming a launchpad for 50+ web3 projects. Its impact in the business of sports has grown over the past two years following its <a href="https://www.nftgators.com/socios-com-invests-e100-million-for-25-stake-in-fc-barcelonas-audiovisual-studio/" rel="noopener noreferrer nofollow">$100 million investment</a> in Barcelona’s Web3 efforts in 2022.
The company’s fan token platform Socios has collaborated with multiple football teams including AC Milan, Manchester City, Inter Milan and Arsenal, among others. It has also partnered with renowned athletes including UFC superstars Jorge Masvidal, Khamzat Chimaev, Gilbert Burns, and Middleweight Champion Alex Pereira, among others.
Chiliz Chain’s new partnership with PSG creates a new avenue for sports teams to collaborate with blockchain companies, an operation that has been popular with mainly technology and gaming companies.
Commenting on the announcement, Alex Dreyfus, CEO of Chiliz and Socios.com said in a <a href="https://chiliz.medium.com/paris-saint-germain-takes-landmark-step-forward-in-its-web3-strategy-by-becoming-official-validator-0cf525769576" target="_blank" rel="noopener noreferrer nofollow">statement</a>: “We’re thrilled to deepen our existing relationship with Paris Saint-Germain by welcoming them as an official validator on the Chiliz Chain. This evolution marks a significant milestone in the adoption of web3 by fans, clubs, and leagues. We’re confident that this move will pave the way for other clubs to join us in this innovative journey.”
Pär Helgosson, Head of Web3 at Paris Saint-Germain commented: “By becoming a validator on the Chiliz Chain, we’re not just embracing the future of web3 sports; we’re actively designing it so that we can have a more direct relationship with our fans through web3 experiences. We will optimize our future engagements for network effects, amplifying the value and revenue each stakeholder can generate and experience within this new digital economy.”
****
Stay up to date:
Subscribe to our newsletter using&nbsp;<a href="https://nftgators.substack.com/" target="_blank" rel="noopener noreferrer nofollow">this link</a>&nbsp;– we won’t spam!
<ul>
 <li><a href="https://news.google.com/publications/CAAqBwgKMKqZrgswt6TGAw?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" target="_blank" rel="noopener noreferrer nofollow">Google News</a></li>
 <li><a href="https://twitter.com/NFTgators" rel="noopener noreferrer nofollow">Twitter</a></li>
 <li><a href="https://t.me/NFTgatorsNews" rel="noopener noreferrer nofollow">Telegram</a></li>
 <li><a href="https://www.linkedin.com/company/nftgators/" rel="noopener noreferrer nofollow">LinkedIn</a></li>
 <li><a href="https://facebook.com/NFTgators-103707808818830" rel="noopener noreferrer nofollow">Facebook</a></li>
 <li><a href="https://www.tiktok.com/@nftgators" rel="noopener noreferrer nofollow">TikTok</a></li>
</ul>
The post <a href="https://www.nftgators.com/paris-saint-germain-joins-the-chiliz-chain-validator-network/" rel="noopener noreferrer nofollow">Paris Saint-Germain Joins the Chiliz Chain Validator Network</a> appeared first on <a href="https://www.nftgators.com" rel="noopener noreferrer nofollow">NFTgators </a>.

Paris Saint-Germain Joins the Chiliz Chain Validator Network

NFTgators

2024년 2월 22일에 게재된 다른 기사

Wormhole to Use AMD's Chip to Facilicate Cross-chain Messaging

New Development in Do Kwon’s Extradition Process: Will He Be Extradited to the US? Mystery Source...

Crypto Trader Who Turned $50,000 into $1 Million in 2021 Shares Top 3 Picks for the 2024 Bull Run

Nvidia Reports a 265% Surge in Revenue Due to Rising AI Equipment Demand

Andreessen Horowitz and Binance Bet Big on This Ethereum Restaking Protocol

ECB not convinced by ETF approval in the US, still dislikes Bitcoin

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!