EDF subsidiary joins Chiliz Chain as validator

Exaion is expected to drive the platform forward in a manner that is both environmentally sustainable and socially responsible.

Exaion, a subsidiary of the French state-owned energy giant EDF Group, has been announced as the latest validator node of the Chiliz Chain.

It will become an essential component of the blockchain network, helping to ensure its security, accuracy, and reliability.

Exaion’s integration into the Chiliz ecosystem as a validator node brings expertise from the energy, infrastructure, and technology sectors.

Exaion has a philosophy deeply rooted in security, sovereignty, eco-responsibility, and decentralization, and aims to remodel the digital services landscape by leveraging its advanced technological infrastructure and sustainable practices.

Chiliz said the collaboration underscores a shared vision between the pair; to drive forward the integration of blockchain technology in a manner that is both environmentally sustainable and socially responsible.

The Chiliz Chain allows for the creation of fan tokens, NFTs, and decentralized applications (dApps), transforming how sports enthusiasts interact with their favorite teams and brands.

Exaion joins Chiliz shortly after the newly announced validators Paris Saint-Germain and K-League, as Chiliz revamps its tokenomics model with a new inflation staking rewards mechanism for CHZ holders, a transaction fee burning protocol (EIP 1559), and community incentives.

Exaion CEO and co-founder Fatih Balyeli expressed his excitement about the partnership and said: “Exploring the sports and entertainment sectors opens new avenues for us, making our collaboration with Chiliz Chain as a validator node a pivotal strategy that resonates with our goal of shaping the future of digital engagement. Our commitment to energy efficiency and reducing environmental impact enriches Chiliz’s mission to transform how fans interact with their passions.”

Chiliz CEO Alexandre Dreyfus added, “Having Exaion, a subsidiary of EDF, as a validator node on our chain is a testament to our commitment to sustainability and innovation. Their renowned expertise in the energy sector and proactive approach to eco-responsibility will significantly bolster our efforts in this space.”

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Written by Hannah

Hannah is editor of CryptoGamblingNews.com and has almost 15 years experience in journalism, including reporting on law, TV, gambling, crypto and alternative finance. She is particularly interested in the future of money, the transition of gambling from 'vice' industry to mainstream entertainment and the application of blockchain technology to wider society.

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