The post Sports Industry Meets Web3 with Atleta Parachains. Grabs Attention of VC Bolts Capital appeared first on Coinpedia Fintech News
Atleta is the world’s first blockchain that is designed for the modern sports industry. As the sports industry realizes the power and fanbase that resides in the decentralized world, Atleta is bridging the gap.
Atleta’s secure, sports centric approach towards building a decentralized answer to the sports industry’s call has attracted Bolts Capital, which has agreed to pitch in $15 million to help the network develop its products and services.
Fast and Secure
Developers behind Atleta looked at the most widely adopted existing networks, pinpointing what made them so secure and stable. Taking the best of what was available, the Atleta chain was born with all the properties that made other blockchains great.
The Atleta blockchain comes with 80 TPS, with a block time of just 6 seconds. The finality is instant, requiring only a single block to settle transactions.
This makes it faster than most widely used Layer 1 blockchains, making Atleta the perfect chain for sports where each second matters.
Tri Layer, Multi Chain Approach
The result of research and development is a three layer Atleta system, with each layer dedicated to crucial activities.
The Execution Layer is a smart contract platform that tackles all transactions. This layer is where users interact. With DeFi and smart contract capabilities, developers, sports associations, clubs, and even normal users can build dApps for their favorite sports teams. Think NFTs, competitions, collaborations, and everything under the sun.
As a parachain system, Atleta enables every sports team or club to have its dedicated chain, isolated from the rest, but with its Interoperability layer, communicable. This ensures clubs and leagues can run their Web3 activities without being interfered with, but still remain within the broader Atleta ecosystem.
The Storage Layer ensures all data of the parachains remains decentralized and off the other two chains. This not only reduces the pressure on the other layers but also ensures all data is available at any time.
Bolts Capital Steps In With $15 Million Commitment
Realising the potential Atleta brings to the multi trillion global sports market, VC firm Bolts Capital has agreed to set aside $15 million. The backing will be used to develop Atleta products, services, and accelerate its expansion as it marches on according to its roadmap.
Bolts Capital believes Atleta has the right ingredients to be the central Web3 point for all that is gaming. Following the pledge, CEO and Founder of Atleta, Dmitry Saksonov, echoed and agreed that Atleta can become the right tool that sports organizations around the world seek in the decentralized world.
Bolts Capital’s agreement to back Atleta development, with the option to further extend as Atleta achieves commitments.
Atleta is Live and Running
For Atleta, the biggest achievement at the time is that it is not just a concept on paper, but a reality. The project launched its mainnet in July, with a TGE on tier-1 crypto exchange MEXC. The event was a resounding success. Starting off at around $10, the native token ATLA was almost $60 at its peak.
Developments for next year include onboarding different payment processors for ATLA practicality, and even AI integration for sports analysis. This AI integration can be a game-changer as not only fans will be able to make predictions on future performance, but sports teams will be able to identify areas of improvement, or even develop gaming strategies tailored to their opposing teams in matches and rounds.
With partnerships with sports clubs, market development, and collaborations with sports equipment brands in the works for 2026, Atleta is ready to redefine the SportFi arena.
