KEY ($0.00) TAKEAWAYS
- Chiliz Group has announced Cointelegraph as a new validator on the Chiliz Chain, enhancing governance and security.
- Cointelegraph joins other notable validators like EDF Group, PSG ($2.44), and OKX, diversifying the network’s governance.
- This partnership aligns with Chiliz’s ecosystem expansion, including new initiatives like the Socios.com wallet and Fan Token Staking.
- Leadership from both companies emphasize the importance of governance, transparency, and blockchain innovation.
London, 20 Feb 2025: Chiliz Group, a prominent blockchain provider in the sports and entertainment industry, has announced that Cointelegraph, a leading digital media outlet covering blockchain technology and crypto assets, has become the latest validator on the Chiliz Chain. This strategic addition aims to bolster the network’s governance, security, and scalability while integrating valuable media expertise into the sports blockchain sector.
Cointelegraph joins a distinguished group of validators, including French state-owned energy company EDF Group, football club Paris Saint-Germain (PSG), Korea’s K League, global crypto exchange OKX, and gaming company Animoca Brands. The inclusion of Cointelegraph as a validator diversifies the network’s governance structure and enhances its credibility within the blockchain space.
This development also marks a significant milestone for Cointelegraph’s new initiative, the Cointelegraph Decentralization Guardians (CTDG) project. This project is designed to ensure that power remains distributed and networks stay secure through a community-driven approach.
Chiliz Chain’s Growth and Ecosystem Expansion
The announcement comes at a pivotal time for Chiliz Chain, which has shown remarkable growth with over two billion CHZ ($0.05) currently staked. This substantial Total Value Locked (TVL) reflects the network’s robust health and the strong trust placed in it by participants across the sports and entertainment ecosystem.
The partnership aligns with significant developments in the Chiliz ecosystem, including the recent launch of the Socios.com non-custodial wallet and Fan Token Staking. The ecosystem continues to expand with upcoming initiatives such as a highly anticipated hackathon at Paris Saint-Germain’s Parc des Princes stadium.
Leadership Perspectives on the Partnership
Yana Prikhodchenko, CEO of Cointelegraph, stated that becoming a validator on Chiliz Chain aligns with Cointelegraph’s mission to support and promote blockchain innovation. She emphasized that Chiliz Chain has established itself as a pioneer in the sports and entertainment space, and Cointelegraph is committed to contributing to its growth and success. Prikhodchenko highlighted the importance of governance and transparency in ensuring robust security.
Alexandre Dreyfus, CEO of Chiliz, remarked that Cointelegraph’s involvement as a validator marks another significant milestone for Chiliz Chain. He noted that Cointelegraph’s expertise in the blockchain space and its role as a leading crypto media platform bring invaluable perspective to the network. Dreyfus added that the timing is ideal as Chiliz continues to expand its ecosystem with new products and features, maintaining robust security and decentralization.
The full announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Cointelegraph has joined the Chiliz Chain as a validator, aiming to enhance governance, security, and scalability within the sports blockchain sector.
Recent industry reports indicate that blockchain validation in the sports industry is trending towards enhanced transparency, security, and fan engagement. This aligns with Cointelegraph’s role in the Chiliz Chain, as it brings media expertise to bolster the network’s governance and credibility.
Recent industry research suggests increased adoption and innovation in blockchain technology. This supports the significance of Cointelegraph’s involvement as a validator, contributing to the network’s robust security and decentralization.
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