Ethereum-based sports tokenization platform Chilliz (CHZ) has partnered with blockchain platform Chainlink to allow for real-time non-fungible token (NFT) creation.
According to a Mar. 4 announcement from Chilliz, the platform plans to leverage Chainlink’s capacity to trigger the execution of smart contracts based on real-world data and events. This feature will allow the minting of NFTs for partners in real-time, based on data securely provided by Chainlink’s network.
This integration will allow Chilliz to create NFTs that react to the real world and mint limited edition collectibles to commemorate real-time events. The company explains that, for instance, it would be possible to mint tokens when a soccer player scores a hat-trick during a game.
The leading blockchain sports platform
As the announcement points out, Chilliz is a sports tokenization platform that has already signed deals with major football clubs FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, A.S. Roma, CA Independiente, West Ham. Furthermore, the firm is also targeting 50 more partners in sports, esports and entertainment this year.
In February, Chiliz has partnered with major marketing agency Lagardere Sports and Entertainment. This partnership can potentially lead to American sports fans using blockchain-based tokens to interact with their favorite teams. Also in February, Chilliz announced the launch of an integrated membership and fiat-crypto prepaid debit card, which also provides blockchain-based global ID functionality.
Joseph Spezzano received a Masters Degree in computer science from The University of Massachusetts. Joseph has been working as a full-time blockchain programmer for the past 5 years. In his spare time, Joseph enjoys writing for CryptocurrencyInvestments.com and traveling.