Blockchain Sports has developed Atleta Network, a layer 1 blockchain solution designed to unite various sports-related blockchain functionalities. The sports industry, projected to reach $680 billion in revenues by 2028, is a hotbed of technological innovation, with blockchain emerging as a key player. Major sports entities, including FC Barcelona, Manchester City, and the NBA, are exploring blockchain’s potential for fan engagement and monetization. However, no blockchain has fully addressed the needs of the sports industry until now.
Atleta Network, the flagship product of the Blockchain Sports ecosystem, is a tailored blockchain solution for the sports industry. Blockchain Sports aims to revolutionize world football through a fusion of cutting-edge technologies, including IoT, AI, VR, and blockchain. With three football academies in Brazil, Blockchain Sports is nurturing the talents of over 200 young athletes from economically disadvantaged backgrounds.
Headquartered in Dubai, Blockchain Sports has a team of over 1,000 IT specialists dedicated to advancing Atleta Network. The project has official representation in Brazil, Germany, and Cyprus, and is committed to delivering innovative solutions tailored to the needs of the sports industry.
Atleta Network is a modular, layer 1 blockchain with native cross-chain interoperability. It integrates smart contract functionality, distributed data storage, financial transactions, and a decentralized app deployment ecosystem. The platform offers a suite of products designed to enhance functionality and user experience within the sports sector.
These products include a native wallet for storing and managing digital assets, a decentralized exchange for token swapping and liquidity provision, an explorer for transaction insights, a name service for user-friendly domains, an NFT marketplace for trading football-related NFTs, a bridge for seamless fund transfers across different blockchains, and a lending protocol for lending, borrowing, and portfolio management.
Both sports organizations and individual users can benefit from Atleta Network. Sports organizations can leverage Atleta’s capabilities to forge smart contracts, issue tokens, and optimize financial processes with transparency. Users can support their favorite players’ careers through smart contracts, acquire digital collectibles featuring Blockchain Sports academies’ talents, and earn rewards for their favorite athletes’ accomplishments.
Atleta’s architecture is centered around four key features. Parachains enable sports organizations to create bespoke chains within the Atleta ecosystem, ensuring data security while leveraging the network’s features. XCM+ facilitates seamless communication between parachains, enhancing interoperability and scalability. Layer separation optimizes performance by compartmentalizing network functionalities. Nominated proof-of-stake introduces an innovative consensus mechanism bolstered by nominators, improving security and user engagement.
Built on Polkadot’s Substrate framework, Atleta Network incorporates advanced data and computation layers. It integrates fully homomorphic encryption (FHE) to ensure data security and enable seamless sharing within the sports ecosystem. Atleta Network also employs distributed data storage and privacy-preserving analytics capabilities, allowing advanced analytics while adhering to data privacy regulations.
The Atleta Network testnet is set to launch in May 2024, providing users with a preview of the network’s capabilities. By the end of Q3 2024, all core features will transition to the mainnet, augmented by an AI machine learning system for continuous refinement. The utility token ATLA will be central to the platform’s ecosystem, with sports organizations requiring it to access functionalities.
With the ATLA token generation event planned for September 2024, Atleta Network aims to redefine the intersection of blockchain and sports, ushering in a new era of innovation and opportunity for sports organizations and enthusiasts. Blockchain integration is set to revolutionize sports management and engagement, creating a more inclusive and transparent ecosystem.