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Blockchain News

EDF Subsidiary Exaion Joins Chiliz Chain as Validator Node

Exion and Chillz share a vision to drive forward the integration of environmentally sustainable and socially responsible blockchain technology.

Written By:
Jahnu Jagtap

Last updated: March 22, 2024 11:48 AM
Published 2024-03-21
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EDF Subsidiary Exaion Joins Chiliz Chain as Validator Node

In a move that promises to boost the security and sustainability of the Chiliz blockchain network, Exaion, a subsidiary of French energy giant EDF Group, has joined Chiliz Chain as a validator node.

Exaion’s role as a validator node will be crucial in ensuring the accuracy, reliability, and overall security of the Chiliz network. Its integration into the Chiliz ecosystem brings unparalleled expertise from the energy, infrastructure, and technology sectors. 

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

Exion and Chillz share a vision to drive forward the integration of blockchain technology in a manner that is both environmentally sustainable and socially responsible. 

The Chiliz Chain, well-known for its unique effort of boosting fan interaction through blockchain technology, allows the creation of Fan Tokens, NFTs, and decentralized applications (dApps),  which revolutionize the way how sports enthusiasts interact with their favorite teams and brands.

Exaion joins Chiliz shortly after the newly announced validators PSG 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.

Fatih Balyeli, CEO and co-founder of Exaion, expressed his excitement about the partnership, stating, “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.”

Alexandre Dreyfus, CEO of Chiliz, 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.”

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:
Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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