Exaion, A Subsidiary of the Energy Giant EDF Group, Joins Chiliz Chain as Validator Node

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

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

The Chiliz Chain, renowned for its unique role in enhancing fan engagement through blockchain technology, 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 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.“

About Exaion

Exaion, a subsidiary of the EDF Group, was co-founded in 2020 by Fatih Balyeli and Laurent Bernou-Mazars, who became respectively its CEO and CTO. Aligned with the Group’s raison d’être, Exaion supports industries in their digital transformation with a responsible and sustainable approach: upgrading old supercomputers, using largely decarbonized electricity, and recovering waste heat. Its mission revolves around data: accelerating its processing, ensuring its security, and facilitating access and control for users. Its experts develop efficient, innovative, and sovereign solutions and services. Exaion Inc., its subsidiary based in Montreal, Canada, serves the needs of North American stakeholders.

About Chiliz

Chiliz is the home of SportFi, where sports brands meet decentralized opportunities. Its infrastructure is driven by the Chiliz Chain, the first Layer-1 EVM compatible blockchain for sports and entertainment which now has a diverse ecosystem, fuelled by Chiliz native token CHZ. The primary product on the Chiliz Chain, Socios.com, hosts a global community of over two million users, which makes it the largest non-finance/trading-centric web3 consumer-facing product globally by user base. They have partnerships with countless brands, including the giants of world sport such as FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S. Roma and major F1 teams.

What is a validator node?

A validator node on the Chiliz Chain plays a crucial role in both operations and security, authorizing smart contracts vital for Fan Tokens, NFTs, and dApps. These nodes validate transactions, using the CHZ token, and safeguard the blockchain against malicious activities. They are instrumental in operations, determining the inclusion of new validator nodes, thus ensuring a secure, reliable environment. CHZ holders influence this by staking their tokens with validator nodes, which in turn supports the democratic and secure operation of the Chiliz Chain, fostering community engagement and innovation in sports blockchain technology.