Chiliz To Use Chainlink’s Oracle Network To Auto-Create Sports Collectibles/NFTs For Their Roster Of Socios.com Partners
4th March, Malta — Chiliz (Binance: $CHZ), the leading digital currency for sports tokenization and world leaders in blockchain-based fan engagement, today announced an integration with Chainlink – a secure decentralized oracle network which enables the development of auto-executing smart contracts based on real-world data and events.
This integration will enable Chiliz to mint Non-Fungible Tokens (NFTs) for partners on their fan voting and rewards app Socios.com in real time, based on data securely provided by Chainlink’s decentralized oracle network. Additionally, Chiliz will launch and support a Chainlink Price Reference Contract for CHZ/USD to provide accurate on-chain pricing for conversions between $CHZ and USD. This key price feed is secured by an aggregation of seven nodes that each source data from different data-aggregating APIs, ensuring the highest reliability for CHZ token conversions.
Platform partners already include major football clubs FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, A.S. Roma, CA Independiente, and back-to-back Dota 2 esports champions OG. Chiliz is targeting 50 IPs by the end of 2020 from sports, esports, and the entertainment industry.
Thanks to this integration, Chiliz can create dynamic NFTs that are responsive to real world, real time sporting events and mint limited availability collectible tokens to commemorate them. For example – the minting of a limited amount of tokens when a soccer player scores a hat-trick during a game.
In early February, Chiliz made their first major move into branded collectibles by announcing a partnership with blockchain ecosystem developer Enjin to mint Ethereum-based collectibles for partners on Socios.com.
Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com said: “NFTs will be key to expanding the utility of $CHZ in 2020 and beyond.
“We’ve already got an amazing roster of partners and will be adding many more as the year progresses, creating multiple opportunities to mint limited-edition licensed collectibles.
“The Chainlink integration enables us to be responsive to real world sporting events in real time, allowing us to mint limited availability NFTs to commemorate moments that can’t be predicted or recreated, giving these tokens real collectors value.”
Chiliz ($CHZ) is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital, and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012. In January 2020, Chiliz announced the launch of Chiliz.net, a first-of-its-kind mobile and desktop crypto exchange for sports and entertainment assets.
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google, Oracle and SWIFT) and leading smart contract development teams such as Polkadot/Substrate, Synthetix, Loopring, Aave, OpenLaw, Etherisc, Conflux, and many others.. Learn more by visiting the Chainlink website, Twitter or Reddit. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.