Developers of the Atleta Network, a blockchain platform tailored for the sports industry, have announced the launch of a test network. Representatives from the #Web3 company #Blockchain Sports shared this news with ForkLog.
Atleta Network is a modular L1 blockchain built on Substrate technology, featuring native cross-chain compatibility. It is designed for smart contract development, digital asset issuance, and enhancing financial transparency in the sports industry.
The platform employs the Nominated Proof-of-Stake (nPoS) consensus algorithm and the Cross-Chain Messaging (XCM) format for communication between parachains. The modular structure of Atleta includes layers for data storage, smart contract execution, and decentralized application deployment.
Developers plan to launch the Atleta test network at the end of May 2024. This testnet will include:
- A cross-chain bridge
- A wallet
- A decentralized exchange
- A blockchain explorer
- A staking service
In early May, the project completed a Whitelist NFT distribution, reaching 105,000 tokens. Holders of these NFTs will gain access to the test network and be the first users of Atleta Network.
According to Atleta's roadmap, the main network is set to launch in late Q3 2024. The native token, ATLA, will be required for transaction fees and staking. The first issuance of ATLA is planned for September 2024.
"There is no information on an airdrop yet, but the team may follow tradition and reward early users. Follow Atleta on social media channels like X or Telegram to stay updated on any potential ATLA token distributions," commented project representatives.
Blockchain Sports employs 1,000 developers across the UAE, Eastern Europe, Germany, and Cyprus. The company integrates AI, VR/AR, IoT, and other technologies into the sports industry and supports young athletes worldwide in becoming professional sports players.
Blockchain Sports has invested $8 million in football academies in Rio de Janeiro, Sobral, and Acopiara, training over 200 talented young men selected from competitions across Brazil.
Previously, ForkLog published educational cards explaining the concepts of monolithic and modular blockchains.
