Chiliz and Animoca Brands Partner to Advance SportFi, CHZ Price Up 41% This Month

Key highlights:

• Animoca Brands has just evolved a validator on the Chiliz Chain, aligning its blockchain innovations with Chiliz’s SportFi initiative.
• The goal of the partnership is to improve fan engagement and monetized interactions within the sports sector.
• SportFi transforms how fans financially interact with their favorite sports entities, enabling them to actively participate in and support the clubs and brands they are passionate about.
• Through this cooperation, both Animoca Brands and Chiliz desire to lead the development of Web3 applications focused on sports.

Chiliz (CHZ) revealed that Animoca Brands has officially joined Chiliz’s blockchain network as a validator and prominent participant. This move is part of an effort to increase the decentralization of the governance of the Chiliz Chain. Earlier this year, the Chiliz Chain was launched as a platform tailored for Web3-ready projects. Its direct objective is to facilitate the engagement of sports brands with their fan bases and reward them via the utilization of blockchain technology.

Animoca Brands is recognized for its leadership in blockchain innovation within the gaming and digital entertainment sectors, with a particular strategic focus on sports.

Notable products like ONE Fight Arena, AFL Mint, and REVV Motorsport (including MotoGP™ Ignition, MotoGP™ Guru, Formula E: High Voltage, REVV Racing, and Torque Drift 2) exemplify this focus. As Animoca Brands takes the role of a node validator on the Chiliz Chain and it actively contributes to shaping the future of the Chiliz SportFi ecosystem.

Serious Rise in Chiliz Ecosystem

The Chiliz Chain is rapidly becoming a hub for leading sports brands in the Web3 space, encouraging developers to innovate SportFi applications. Chiliz has made the Chiliz Chain ecosystem more accessible by eliminating the whitelist and simplifying SportFi solution deployment.

Over 80 Fan Tokens from prominent clubs like FC Barcelona, Paris Saint-Germain, Manchester City, and others are already on the Chiliz Chain via Socios.com. Fan Tokens, widely used for fan engagement, are now tradable on various exchanges, including Binance, OKX, Bitget, and ChilizX.

The Chiliz ecosystem features community apps, custodial solutions, upcoming DeFi and DEX solutions, as well as metaverse-based sports games, football manager games, and digital sports collectibles.

The Future of Chiliz Chain and SportFi

With Animoca Brands joining, Chiliz strengthens its commitment as the primary blockchain infrastructure for sports and entertainment. The partnership spans GameFi, DeFi, and SportFi, shaping the future of these digital realms.

Yat Siu, Animoca Brands’ co-founder, sees the Chiliz Chain as an opportunity to blend NFT and gaming expertise with Chiliz’s ecosystem, envisioning SportFi as the next major growth area in fan engagement and sports finance.

Alexandre Dreyfus, Chiliz CEO, highlights that they’re spearheading SportFi through the Chiliz Chain, and Animoca Brands’ involvement accelerates their journey to becoming the go-to blockchain for sports and Web3 convergence.

What is SportFi by Chiliz?

SportFi, introduced by Chiliz, merges the sports industry with blockchain. It transforms how fans engage financially with their favorite sports entities, allowing them to invest without jeopardizing governance or financial stability. This strengthens the connection between sports brands and fans through blockchain, fostering a more direct, tangible, and rewarding relationship.

The Price of Chiliz (CHZ)

The live price of Chiliz is $ 0.077332 per (CHZ / USD). The long-term price expectation of CHZ, which has increased by approximately 41% in the last 30 days, gives expectancy to its investors. The Chiliz price is predicted to range from $0.073330 to $0.228251 in 2025. This suggests a potential gain of 195.78% from the current price if Chiliz reaches the higher end of the target.

Analyzing historical Chiliz price movements and BTC halving cycles, the projected low for 2024 is $0.079622, while the high could be $0.279385. This approach extends the Chiliz price predictions annually until 2030.