Blockchain Sports has introduced Atleta Network, a modular layer 1 blockchain that aims to unify various sports-related blockchain functionalities. The sports industry, projected to reach $680 billion in revenue by 2028, has become a hotbed for technological innovation, with blockchain emerging as a key player. Major sports entities such as FC Barcelona, Manchester City, and the NBA are exploring blockchain’s potential for fan engagement and monetization. However, no blockchain solution has fully addressed the needs of the sports industry until now.
Atleta Network, the flagship product of Blockchain Sports, is a tailored blockchain solution for the sports industry. Blockchain Sports aims to revolutionize world football by combining cutting-edge technologies like Internet of Things, artificial intelligence, virtual reality, and blockchain. The project already has three football academies in Brazil, where over 200 young athletes from economically disadvantaged backgrounds are being trained to become the best in the world.
Headquartered in Dubai, Blockchain Sports has a team of over 1,000 IT specialists dedicated to advancing Atleta Network. With representation in Brazil, Germany, and Cyprus, the project is committed to delivering innovative solutions for 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 in the sports sector, including a native wallet, decentralized exchange, explorer, name service, NFT marketplace, bridge, and lending protocol.
Both enterprises and individual users can benefit from Atleta Network. Sports organizations can leverage the platform’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 talents from Blockchain Sports academies, and earn rewards for athletes’ accomplishments.
Atleta Network’s architecture revolves around four key features: parachains, XCM+ for seamless communication between parachains, layer separation for optimized performance, and nominated proof-of-stake for an innovative consensus mechanism. The platform is built on Polkadot’s Substrate, a blockchain framework that enables the rapid creation of specialized blockchains.
The platform will incorporate advanced data and computation layers, utilizing fully homomorphic encryption (FHE) for data security and seamless sharing. FHE allows computations on encrypted data without decrypting it first, ensuring data confidentiality while enabling practical operations. Distributed data storage using a decentralized architecture further enhances data security.
The Atleta Network testnet is set to launch in May 2024, offering a preview of the platform’s capabilities. Core features will transition to the mainnet by the end of Q3 2024, accompanied 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.
By integrating blockchain technology, Atleta Network aims to revolutionize sports management and engagement, ushering in a new era of innovation and opportunity for sports organizations and enthusiasts.