As it looks to expand its blockchain efforts into sports and entertainment, Exaion, a subsidiary of France’s state-owned energy company EDF, joined one of the nation’s top soccer teams in securing the network that hosts fan token trading for Socios.com. Exaion also became a network validator for the Chiliz Chain.
As per an email statement, Chiliz aims to utilize Exaion’sproficiency in the energy and technology domains. Exaionassists industries undergoing digital transformation through blockchain and cloud technologies, with an emphasis on data center energy saving.
The decision was characterized by Exaion co-founder Fatih Balyeli as “a pivotal strategy that resonates with our goal of shaping the future of digital engagement.”
Some of the largest soccer teams in the world, such as FC Barcelona, Manchester City, Juventus, and Paris St-Germain, have fan tokens created by Socios.com. PSG was the first club to validate on the Chiliz Chain, having done so recently.
By validating transactions and approving smart contracts, validators oversee blockchain nodes and help to safeguard the network. They receive payment for maintaining a node.