Blockasset Moves to Chiliz Chain 2.0 with Equity Investment
It is reported that the sports NFT platform Blockasset will shift from Solana to Chiliz Chain 2.0. Blockasset also acquired the equity investment of Chiliz.<br…
It is reported that the sports NFT platform Blockasset will shift from Solana to Chiliz Chain 2.0. Blockasset also acquired the equity investment of Chiliz.
Sports NFT platform Blockasset will be transferred from Solana to Chiliz Chain 2.0
Interpretation of the news:
Blockasset, a leading sports NFT platform, has announced its decision to move from Solana to Chiliz Chain 2.0. The platform’s shift will allow users to benefit from the Chiliz ecosystem’s underlying benefits, such as trading, staking, and governance, among other things. Blockasset’s decision to switch to Chiliz Chain 2.0 is aimed at improving the user experience and supporting the platform’s long-term growth.
Solana, a prominent blockchain platform, was previously used by Blockasset. However, the sports NFT platform has chosen to move its activities to Chiliz Chain 2.0, which operates using a proof-of-stake consensus mechanism that offers faster transaction times and lower costs than other platforms. Blockasset’s decision to switch to Chiliz Chain 2.0 is significant because it demonstrates the increasing importance of blockchain platforms within the sports industry.
Chiliz Chain 2.0 is a blockchain-based platform that specializes in sports and entertainment. It is designed to offer a centralized and secure environment for sports teams and leagues to engage with their fans through blockchain-based applications. Through its portfolio companies such as Fan tokens and Socios.com, Chiliz Chain 2.0 has been able to enable sports teams to monetize their fan bases through the issuance of branded cryptocurrencies.
In addition to the shift, Blockasset has also acquired equity investment from Chiliz, which is believed to strengthen both parties’ business partnerships. This investment is significant because it will help Blockasset fund future projects and scale operations, and also strengthen its brand positioning in the sports industry.
In conclusion, Blockasset’s move to Chiliz Chain 2.0 is intended to improve the user experience for its customers while also providing a more efficient and secure environment for its operations. With its recent acquisition of equity investment from Chiliz, the platform is poised to expand its reach and build stronger partnerships in the sports industry. This partnership highlights the growing importance of blockchain platforms within the sports industry and the potential for innovative applications of blockchain technology in sports.
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